Red House, Charlotte County, Virginia Property Taxes
Median RED HOUSE, 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 RED HOUSE, VA home value: $72,320
Median annual RED HOUSE, VA tax bill: $447, $1,953 lower than the national median property tax bill of $2,400.
How are property taxes in Charlotte calculated?
Property taxes in RED HOUSE, 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 RED HOUSE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in RED HOUSE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Red House, Charlotte County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.62%
Estimate Property Tax Bill
$450
$417
Property Tax Rates Across Red House, Charlotte County, Virginia
Local government entities in Virginia, like in many states, set property tax rates that can vary significantly. Each county estimates its required budget annually to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This process, though influenced by votes and laws, is the crux of how property tax rates are determined each year.
In Red House, located in Charlotte County, the effective property tax rate is 0.62%. This rate is consistent with both the highest and lowest median tax rates within the area, highlighting a uniformity in property tax assessment across the region. Comparatively, Virginia's median property tax rate generally falls below the national median of 1.02%, making it a more affordable state for property taxes.
Understanding these rates is crucial for property owners, as even small differences can significantly impact annual tax bills. By staying informed, property owners in Red House can make educated decisions regarding their property tax obligations and potential appeals.
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 Red House Tax Rate
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 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 Red House, Charlotte County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23963 | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Red House, Charlotte County, Virginia
When examining property taxes in Red House, 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 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 Red House. For example, the median home price in Red House is $72,320, with tax bills ranging significantly across the county. Zip code 23963 has the highest median home price at $72,320.
Property Tax Assessment Values Across Red House, Charlotte County, Virginia
Source: Ownwell
$60,251
$72,677
$85,103
Median Red House Market Value
$72,552
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 Red House, Charlotte County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23963 | $17,952 | $34,613 | $72,552 | $126,348 | $195,116 |
Source: Ownwell
Property Tax Bills Across Red House, Charlotte County, Virginia
In Red House, Virginia, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. The median home price in Red House is $72,320, with property tax bills ranging from the 25th percentile at $213 to the 90th percentile at $1,212. The median tax bill in Charlotte County's zip code 23963 is $447, which is significantly lower than the national median tax bill of $2,400. These taxes fund essential local services such as schools, roads, and emergency services, directly impacting homeowners and their community.
Ownwell helps homeowners in Red House potentially reduce their property tax bills by offering expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell ensures homeowners are not overpaying. This service can lead to significant savings, providing financial relief and ensuring fair taxation.
Median Red House Tax Bill
$448
Median Charlotte County Tax Bill
$441
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Red House, Charlotte County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23963 | $110 | $213 | $448 | $768 | $1,212 |
Source: Ownwell