Brookneal, Charlotte County, Virginia Property Taxes

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

Median Brookneal, VA effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Brookneal, VA home value: $64,651
Median annual Brookneal, VA tax bill: $400, $2,000 lower than the national median property tax bill of $2,400.

How are property taxes in Charlotte 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, Charlotte County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.62%

Estimate Property Tax Bill

$401

$372

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 Charlotte.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Brookneal, Charlotte County, Virginia

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results 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. Below, you can compare Brookneal’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Brookneal, located in Charlotte County, has a median property tax rate of 0.62%. This rate is notably lower than the national median property tax rate of 1.02%. This lower rate can significantly impact homeowners, potentially reducing annual property tax bills compared to the national median. Understanding these differences can be crucial for homeowners considering property tax appeals or exemptions. By appealing property taxes or seeking exemptions, residents in Brookneal may find additional savings, making it an attractive option for those looking to optimize their property tax expenses.

Property Tax Rates Across Brookneal, Charlotte County, Virginia

Source: Ownwell

0.62%

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

0.62%

Median Effective Charlotte County Tax Rate

0.62%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Brookneal, Charlotte County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24528	0.62%	0.62%	0.62%	0.62%	0.62%

Source: Ownwell

Property Tax Assessment Values Across Brookneal, Charlotte County, Virginia

When examining property taxes in Brookneal, Virginia, 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 Charlotte 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 Charlotte 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 $64,651, with tax bills ranging significantly across the county. Zip code 24528 has the highest median home price at $64,651.

Property Tax Assessment Values Across Brookneal, Charlotte County, Virginia

Source: Ownwell

$60,251

$72,677

$85,103

Median Brookneal Market Value

$64,692

Median Charlotte County Market Value

$72,045

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Brookneal, Charlotte County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24528	$14,439	$37,369	$64,692	$101,177	$160,134

Source: Ownwell

Property Tax Bills Across Brookneal, Charlotte County, Virginia

In Brookneal, located in Charlotte County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Brookneal is significantly lower than the national median, at $64,651, resulting in property tax bills that are generally more affordable. For instance, the median tax bill in the area is $400, which is considerably lower than the national median property tax bill of $2,400. Factors such as property location, size, and improvements can influence the assessed value, ultimately affecting the homeowner's tax bill. Homeowners in Brookneal can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing the property's assessment and ensuring it is fair and accurate, Ownwell helps homeowners potentially lower their tax bills, providing significant savings and peace of mind in managing their property taxes.

Property Tax Bills Across Brookneal, Charlotte County, Virginia

Source: Ownwell

$370

$445

$520

Median Brookneal Tax Bill

$401

Median Charlotte County Tax Bill

$441

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Brookneal, Charlotte County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24528	$90	$231	$401	$622	$988

Source: Ownwell