Blackstone, Lunenburg County, Virginia Property Taxes
Median Blackstone, VA effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Blackstone, VA home value: $161,000
Median annual Blackstone, VA tax bill: $612, $1,788 lower than the national median property tax bill of $2,400.
How are property taxes in Lunenburg calculated?
Property taxes in Blackstone, 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 Blackstone’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Blackstone, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Blackstone, Lunenburg County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.33%
Estimate Property Tax Bill
$632
$587
Property Tax Rates Across Blackstone, Lunenburg County, Virginia
Local government entities set property tax rates, leading to significant variations within a state. This occurs because each county annually calculates its required budget to fund services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although the process involves votes and laws, this is the essence of how rates are determined each year.
In Blackstone, located in Lunenburg County, Virginia, the effective property tax rate is notably lower than the national median. The county's rate reflects its budgetary needs and the assessed value of properties, which can differ significantly from other areas in the state. When comparing Blackstone's rate to other cities in Virginia and the national landscape, it becomes evident how diverse property tax obligations can be. While the national median property tax rate stands at 1.02%, Blackstone's rate offers a more affordable option for property owners. Understanding these differences is crucial for homeowners looking to manage their tax liabilities effectively.
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 Blackstone Tax Rate
0.33%
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 Lunenburg County Tax Rate
0.33%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Blackstone, Lunenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23824 | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Blackstone, Lunenburg County, Virginia
When examining property taxes in Blackstone, 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 Lunenburg 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 Lunenburg 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 Blackstone.
For example, the median home price in Blackstone is $161,000, with tax bills ranging significantly across the county. The zip code 23824 has the highest median home price at $161,000.
Property Tax Assessment Values Across Blackstone, Lunenburg County, Virginia
Source: Ownwell
$91,950
$141,800
$191,650
Median Blackstone Market Value
$191,650
Median Lunenburg County Market Value
$105,900
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Blackstone, Lunenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23824 | $65,020 | $108,900 | $191,650 | $290,375 | $386,870 |
Source: Ownwell
Property Tax Bills Across Blackstone, Lunenburg County, Virginia
Median Blackstone Tax Bill
$636
Median Lunenburg County Tax Bill
$353
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Blackstone, Lunenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23824 | $232 | $366 | $636 | $962 | $1,284 |
Source: Ownwell