Beaverdam, Louisa County, Virginia Property Taxes
Median Beaverdam, VA effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Beaverdam, VA home value: $320,300
Median annual Beaverdam, VA tax bill: $2,288, $112 lower than the national median property tax bill of $2,400.
How are property taxes in Louisa County calculated?
Property taxes in Beaverdam, 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 Beaverdam's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Beaverdam, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Beaverdam, Louisa County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$2,306
$2,140
Property Tax Rates Across Beaverdam, Louisa County, Virginia
Local government entities set tax rates, which can vary widely within a state. 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.
In Beaverdam, located in Louisa County, VA, the effective property tax rate stands at 0.72%. This is notably lower than the national median property tax rate of 1.02%. The median property tax rate for Virginia also sits at 0.72%, which aligns with Beaverdam's rate. This consistency across the county and state suggests a balanced approach to property taxation.
Comparatively, property owners in Beaverdam benefit from lower tax rates than many other regions in the U.S., where the national median property tax bill is $2400. This could provide significant savings, making Beaverdam an attractive location for homeowners looking to minimize property tax 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 Beaverdam Tax Rate
0.72%
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 Louisa County Tax Rate
0.72%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Beaverdam, Louisa County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23015 | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Beaverdam, Louisa County, Virginia
When examining property taxes in Beaverdam, 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 Louisa 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 Louisa 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 Beaverdam. For example, the median home price in Beaverdam is $320,300, with tax bills ranging significantly across the county. Zip code 23015 has the highest median home price at $320,300.
Property Tax Assessment Values Across Beaverdam, Louisa County, Virginia
Source: Ownwell
$258,050
$378,200
$498,350
Median Beaverdam Market Value
$320,300
Median Louisa County Market Value
$326,600
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Beaverdam, Louisa County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23015 | $257,220 | $297,700 | $320,300 | $382,000 | $527,020 |
Source: Ownwell
Property Tax Bills Across Beaverdam, Louisa County, Virginia
Median Beaverdam Tax Bill
$2,288
Median Louisa County Tax Bill
$2,319
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Beaverdam, Louisa County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23015 | $1,839 | $2,109 | $2,288 | $2,665 | $3,574 |
Source: Ownwell