Red Oak, Charlotte County, Virginia Property Taxes

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

Median Red Oak, 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 Oak, VA home value: $72,535
Median annual Red Oak, VA tax bill: $444, $1,956 lower than the national median property tax bill of $2,400.

How are property taxes in Charlotte calculated?

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

Last Updated March 1, 2025

Red Oak, 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

$445

$413

Ownwell’s RED OAK Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in RED OAK with just two data points.

By entering your property's estimated assessed value, our calculator applies RED OAK’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 Red Oak, 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 Red Oak’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

Red Oak, located in Charlotte County, Virginia, has a property tax rate of 0.62%, which stands out when compared to the national median property tax rate of 1.02%. This lower tax rate can be particularly appealing for property owners seeking to minimize their tax burden. In contrast, the national median property tax bill is $2,400, making Red Oak a more affordable option for homeowners. By understanding the local tax landscape, property owners in Red Oak can make informed decisions about their investments and potentially save on their annual tax bills.

Property Tax Rates Across Red Oak, 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 Red Oak 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 Red Oak, Charlotte County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23964	0.62%	0.62%	0.62%	0.62%	0.62%

Source: Ownwell

Property Tax Assessment Values Across Red Oak, Charlotte County, Virginia

When examining property taxes in Red Oak, 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 Oak. For example, the median home price in Red Oak is $72,535, with tax bills ranging significantly across the county. Zip code 23964 has the highest median home price at $72,535.

Property Tax Assessment Values Across Red Oak, Charlotte County, Virginia

Source: Ownwell

$60,251

$72,677

$85,103

Median Red Oak Market Value

$71,815

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 Oak, Charlotte County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23964	$15,204	$35,351	$71,815	$112,084	$154,497

Source: Ownwell

Property Tax Bills Across Red Oak, Charlotte County, Virginia

In Red Oak, Charlotte County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, and the tax rate is applied to this assessed value to calculate the annual tax bill. For homeowners in Red Oak, the median property tax bill is notably lower than the national median, with amounts ranging from $212 at the 25th percentile to $959 at the 90th percentile. This variation is influenced by factors such as property location, size, and improvements made to the home. Despite the relatively lower tax bills, homeowners can still benefit from appealing their assessments to ensure they are not overpaying. Ownwell offers expert property tax appeal services that help homeowners navigate this process efficiently. By leveraging local market data and expertise, Ownwell can assist in potentially reducing property tax bills, providing valuable savings for homeowners in Red Oak.

Property Tax Bills Across Red Oak, Charlotte County, Virginia

Source: Ownwell

$370

$445

$520

Median Red Oak Tax Bill

$443

Median Charlotte County Tax Bill

$441

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Red Oak, Charlotte County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23964	$90	$212	$443	$688	$959

Source: Ownwell