Forest, Campbell County, Virginia Property Taxes

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

Median Forest, 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 Forest, VA home value: $236,100
Median annual Forest, VA tax bill: $1,064, $1,336 lower than the national median property tax bill of $2,400.

How are property taxes in Campbell calculated?

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

Last Updated March 1, 2025

Forest, 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

$1,062

$986

Ownwell’s Forest Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Forest with just two data points. By entering your property's estimated assessed value, our calculator applies Forest’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 Forest, Campbell County, Virginia

Local government entities set property tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Forest, located in Bedford County, Virginia, the effective property tax rate is 0.45%. This rate is notably lower than the national median property tax rate of 1.02%. Such a comparison highlights the relatively favorable tax climate in this region. Residents of Forest benefit from lower property tax bills compared to many other areas across the United States, where the national median property tax bill is $2,400. This advantageous tax environment can make Forest an appealing place for property owners, offering potential savings and a more manageable cost of living.

Property Tax Rates Across Forest, 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 Forest 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 Forest, Campbell County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24551	0.45%	0.45%	0.45%	0.45%	0.45%

Source: Ownwell

Property Tax Assessment Values Across Forest, Campbell County, Virginia

When examining property taxes in Forest, 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 March. 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 Forest. For example, the median home price in Forest is $236,100, with tax bills ranging significantly across the county. Zip code 24551 has the highest median home price at $236,100.

Property Tax Assessment Values Across Forest, Campbell County, Virginia

Source: Ownwell

$96,800

$166,450

$236,100

Median Forest Market Value

$236,100

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 Forest, Campbell County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24551	$171,990	$201,450	$236,100	$284,600	$344,910

Source: Ownwell

Property Tax Bills Across Forest, Campbell County, Virginia

In Forest, located in Campbell County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. This assessed value is then multiplied by the local tax rate to calculate the tax bill. With a median home price of $236,100, the property tax bills in Forest fall below the national median, with a median tax bill of $1,064. This figure is significantly less than the national median property tax bill of $2,400, offering a more affordable tax environment for homeowners. However, tax bills can vary, with the 25th percentile at $909 and the 90th percentile reaching $1,552, indicating a range of potential tax responsibilities. Homeowners can benefit from appealing their property taxes, especially if they believe their home has been over-assessed. Ownwell assists homeowners in navigating this process, providing expertise to potentially lower their tax bills and ensure they are not overpaying. This service can lead to significant savings, alleviating the financial burden on homeowners.

Property Tax Bills Across Forest, Campbell County, Virginia

Source: Ownwell

$450

$757

$1,064

Median Forest Tax Bill

$1,064

Median Campbell County Tax Bill

$848

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Forest, Campbell County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24551	$781	$909	$1,064	$1,281	$1,552

Source: Ownwell