Jarratt, Greensville County, Virginia Property Taxes
Median Jarratt, VA effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Jarratt, VA home value: $90,950
Median annual Jarratt, VA tax bill: $610, $1,790 lower than the national median property tax bill of $2,400.
How are property taxes in Greensville County calculated?
Property taxes in Jarratt, 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 Jarratt’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Jarratt, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Jarratt, Greensville County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$627
$582
Property Tax Rates Across Jarratt, Greensville County, Virginia
Local government entities determine tax rates, and these can differ significantly even within a single state. This variability arises because each county annually estimates its budgetary needs to provide essential services and divides this by the total value of all taxable property in the area, resulting in the property tax rate. Although setting these rates involves votes and legal stipulations, this is the fundamental process followed each year.
In Jarratt, located in Greensville County, Virginia, the effective property tax rate reflects this process. When compared to other cities within Virginia and the national average, Jarratt's rate offers a unique perspective on how local governance impacts property taxes. The median property tax rate in Virginia provides a benchmark for comparison, while the national median offers a broader context. For property owners in Jarratt, understanding these rates is crucial for financial planning and property investment decisions. By appealing or seeking exemptions, residents can potentially lower their tax burdens, making it essential to stay informed about local tax policies and trends.
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 Jarratt Tax Rate
0.67%
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 Greensville County Tax Rate
0.67%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Jarratt, Greensville County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23867 | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Jarratt, Greensville County, Virginia
When examining property taxes in Jarratt, 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 Greensville 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 Greensville 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 Jarratt. For example, the median home price in Jarratt is $90,950, with tax bills ranging significantly across the county. Zip code 23867 has the highest median home price at $90,950.
Property Tax Assessment Values Across Jarratt, Greensville County, Virginia
Source: Ownwell
$72,050
$82,825
$93,600
Median Jarratt Market Value
$93,600
Median Greensville County Market Value
$84,800
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Jarratt, Greensville County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23867 | $48,230 | $62,325 | $93,600 | $123,125 | $165,330 |
Source: Ownwell
Property Tax Bills Across Jarratt, Greensville County, Virginia
Median Jarratt Tax Bill
$625
Median Greensville County Tax Bill
$573
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Jarratt, Greensville County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23867 | $316 | $416 | $625 | $820 | $1,111 |
Source: Ownwell