Dyke, Greene County, Virginia Property Taxes

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

Median Dyke, VA effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%. Median Dyke, VA home value: $194,000. Median annual Dyke, VA tax bill: $1,156, $1,244 lower than the national median property tax bill of $2,400. How are property taxes in Greene calculated? Property taxes in Dyke, 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 Dyke’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Dyke, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Dyke, Greene County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.71%

Estimate Property Tax Bill

$1,479

$1,373

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

Property Tax Rates Across Dyke, Greene 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 Dyke’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

Property Tax Rates Across Dyke, Greene County, Virginia

Source: Ownwell

0.71%

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 Dyke Tax Rate

0.71%

Median Effective Greene County Tax Rate

0.71%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Dyke, Greene County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22935	0.41%	0.71%	0.71%	0.71%	0.71%

Source: Ownwell

Property Tax Assessment Values Across Dyke, Greene County, Virginia

When examining property taxes in Dyke, 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 Greene 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 Greene 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 Dyke.

For example, the median home price in Dyke is $194,000, with tax bills ranging significantly across the county. Zip code 22935 has the highest median home price at $194,000.

Property Tax Assessment Values Across Dyke, Greene County, Virginia

Source: Ownwell

$154,900

$252,800

$350,700

Median Dyke Market Value

$208,350

Median Greene County Market Value

$259,600

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Dyke, Greene County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22935	$43,290	$101,400	$208,350	$336,125	$534,350

Source: Ownwell

Property Tax Bills Across Dyke, Greene County, Virginia

In Dyke, Virginia, 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 then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $194,000, homeowners in Dyke may find their property tax bills varying significantly. The 25th percentile tax bill is $379, while the 75th percentile reaches $1,947, and the 90th percentile can be as high as $2,896. These figures show the range of tax obligations homeowners might face, which can be higher or lower than the national median property tax bill of $2,400.

Ownwell can assist homeowners in Dyke by identifying potential savings through property tax appeals and exemptions. By analyzing the assessed value and comparing it to market trends, Ownwell can help ensure homeowners are not overpaying. This service can lead to substantial savings, providing financial relief and peace of mind for property owners.

Property Tax Bills Across Dyke, Greene County, Virginia

Source: Ownwell

$1,013

$1,744

$2,474

Median Dyke Tax Bill

$1,374

Median Greene County Tax Bill

$1,801

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Dyke, Greene County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22935	$240	$531	$1,374	$2,190	$3,084

Source: Ownwell