Scottsville, Buckingham County, Virginia Property Taxes

Name: Property Tax Bills Across Scottsville, Buckingham County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Scottsville, VA effective property tax rate: 0.55%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Scottsville, VA home value: $118,550
Median annual Scottsville, VA tax bill: $648, $1,752 lower than the national median property tax bill of $2,400.

How are property taxes in Buckingham calculated?

Property taxes in Scottsville, VA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Scottsville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Scottsville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Scottsville, Buckingham County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.6%

Estimate Property Tax Bill

$721

$669

Ownwell’s Scottsville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Scottsville with just two data points. By entering your property's estimated assessed value, our calculator applies Scottsville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Buckingham County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Scottsville, Buckingham County, Virginia

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Scottsville, located in Buckingham County, VA, the effective property tax rate is 0.55%, which is notably lower than the national median of 1.02%. This means that residents in Scottsville benefit from one of the lowest property tax rates in the country. The rate is consistent across the county, making it an attractive location for property owners looking to minimize their tax burden. By comparing Scottsville's rate to both state and national figures, it becomes evident that the area offers a favorable tax environment, potentially enhancing its appeal for homeowners and investors alike.

Property Tax Rates Across Scottsville, Buckingham County, Virginia

Source: Ownwell

0.60%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Scottsville Tax Rate

0.60%

Median Effective Buckingham County Tax Rate

0.60%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Scottsville, Buckingham County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24590	0.60%	0.60%	0.60%	0.60%	0.60%

Source: Ownwell

Property Tax Assessment Values Across Scottsville, Buckingham County, Virginia

When examining property taxes in Scottsville, VA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Buckingham County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Buckingham County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Scottsville. For example, the median home price in Scottsville is $118,550, with tax bills ranging significantly across the county. Zip code 24590 has the highest median home price at $118,550.

Property Tax Assessment Values Across Scottsville, Buckingham County, Virginia

Source: Ownwell

$91,650

$124,825

$158,000

Median Scottsville Market Value

$120,200

Median Buckingham County Market Value

$108,300

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Scottsville, Buckingham County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24590	$28,480	$67,900	$120,200	$181,700	$224,400

Source: Ownwell

Property Tax Bills Across Scottsville, Buckingham County, Virginia

In Scottsville, located in Buckingham County, VA, property tax bills are determined based on the assessed value of a home, which is typically a percentage of its market value. With a median home price of $118,550, homeowners in this area face property tax bills that can vary significantly. The tax bill at the 25th percentile is $367, while it rises to $988 at the 75th percentile, and $1,232 at the 90th percentile. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Scottsville homeowners generally enjoy lower tax bills. However, these amounts can still impact homeowners' budgets, especially if the assessed value of their property increases. Ownwell offers valuable assistance to homeowners by providing expert property tax appeal and exemption services, potentially reducing their tax burden. By analyzing individual property assessments and identifying discrepancies, Ownwell helps ensure that homeowners in Scottsville pay only their fair share, offering financial relief and peace of mind.

Property Tax Bills Across Scottsville, Buckingham County, Virginia

Source: Ownwell

$550

$715

$880

Median Scottsville Tax Bill

$719

Median Buckingham County Tax Bill

$644

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Scottsville, Buckingham County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24590	$167	$404	$719	$1,087	$1,346

Source: Ownwell

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Dates
Appeal Deadline	June 1

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