Brookneal, Campbell County, Virginia Property Taxes

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

Median Brookneal, VA effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Brookneal, VA home value: $100,100
Median annual Brookneal, VA tax bill: $450, $1,950 lower than the national median property tax bill of $2,400.

How are property taxes in Campbell calculated?

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

Last Updated March 1, 2025

Brookneal, Campbell County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.45%

Estimate Property Tax Bill

$450

$418

Ownwell’s Brookneal Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Brookneal with just two data points. By entering your property's estimated assessed value, our calculator applies Brookneal’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 Campbell County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Brookneal, Campbell County, Virginia

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Brookneal, Campbell County, Virginia, the effective property tax rate is notably lower than both the state and national medians. With a median property tax rate of 0.45%, Brookneal stands out for its affordability in property taxes compared to the national median of 1.02%. This can make Brookneal an attractive location for property owners seeking lower tax burdens. By offering a lower rate, Brookneal not only provides financial relief to property owners but also enhances its appeal as a favorable place to live. The lower tax rate can be a significant factor for those considering relocating or investing in property, making Brookneal a competitive choice in the real estate market.

Property Tax Rates Across Brookneal, Campbell County, Virginia

Source: Ownwell

0.45%

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 Brookneal Tax Rate

0.45%

Median Effective Campbell County Tax Rate

0.45%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Brookneal, Campbell County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24528	0.45%	0.45%	0.45%	0.45%	0.45%

Source: Ownwell

Property Tax Assessment Values Across Brookneal, Campbell County, Virginia

When examining property taxes in Brookneal, 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 Campbell 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 Campbell 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 Brookneal.

For example, the median home price in Brookneal is $100,100, with tax bills ranging significantly across the county. The zip code 24528 has the highest median home price at $100,100.

Property Tax Assessment Values Across Brookneal, Campbell County, Virginia

Source: Ownwell

$96,800

$166,450

$236,100

Median Brookneal Market Value

$100,100

Median Campbell County Market Value

$187,800

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Brookneal, Campbell County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24528	$28,390	$60,450	$100,100	$147,200	$202,960

Source: Ownwell

Property Tax Bills Across Brookneal, Campbell County, Virginia

In Brookneal, located in Campbell County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this area is $100,100, and the property tax rate is applied to this assessed value to calculate the tax bill. Factors such as home improvements or changes in market conditions can influence the assessed value, thus affecting the tax bill. Homeowners in Brookneal experience a range of property tax bills, with the 25th percentile at $266 and the 75th percentile at $662. The highest median tax bill reported is $450, which is significantly lower than the national median property tax bill of $2,400. Ownwell helps homeowners in Brookneal by reviewing their property assessments and identifying potential inaccuracies or opportunities for exemptions. By appealing these assessments, Ownwell can help reduce the property tax burden, ensuring homeowners pay only their fair share. This service can lead to substantial savings and peace of mind for property owners.

Property Tax Bills Across Brookneal, Campbell County, Virginia

Source: Ownwell

$450

$757

$1,064

Median Brookneal Tax Bill

$450

Median Campbell County Tax Bill

$848

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Brookneal, Campbell County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24528	$128	$266	$450	$662	$914

Source: Ownwell