Randolph, Halifax County, Virginia Property Taxes
Median Randolph, VA effective property tax rate: 0.50%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Randolph, VA home value: $75,800
Median annual Randolph, VA tax bill: $379, $2,021 lower than the national median property tax bill of $2,400.
How are property taxes in Halifax calculated?
Property taxes in Randolph, 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 Randolph’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Randolph, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Randolph, Halifax County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.5%
Estimate Property Tax Bill
$441
$409
Property Tax Rates Across Randolph, Halifax County, Virginia
Local government entities set tax rates, and these can vary significantly within a state. Each year, counties calculate their required budget to provide essential services and divide it by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Randolph, Halifax County, Virginia, the effective property tax rate is 0.50%, which is considerably lower than the national median property tax rate of 1.02%. This rate is consistent across Halifax County, as both the highest and lowest median tax rates in the county are identical at 0.50%. When comparing Randolph's effective property tax rate to other cities in Virginia, it remains on the lower end of the spectrum. With the national median property tax bill at $2400, property owners in Randolph benefit from more affordable property taxes. This lower tax burden can make Randolph an attractive option for property owners seeking to minimize their expenses.
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 Randolph Tax Rate
0.50%
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 Halifax County Tax Rate
0.50%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Randolph, Halifax County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23962 | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Randolph, Halifax County, Virginia
When examining property taxes in Randolph, 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 Halifax 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 Halifax County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Randolph. For example, the median home price in Randolph is $75,800, with tax bills ranging significantly across the county. Zip code 23962 has the highest median home price at $75,800.
Property Tax Assessment Values Across Randolph, Halifax County, Virginia
Source: Ownwell
$83,512
$106,321
$129,129
Median Randolph Market Value
$88,204
Median Halifax County Market Value
$89,836
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Randolph, Halifax County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23962 | $11,283 | $64,373 | $88,204 | $102,780 | $144,799 |
Source: Ownwell
Property Tax Bills Across Randolph, Halifax County, Virginia
Median Randolph Tax Bill
$441
Median Halifax County Tax Bill
$449
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Randolph, Halifax County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23962 | $56 | $322 | $441 | $514 | $724 |
Source: Ownwell