Chase City, Lunenburg County, Virginia Property Taxes
Median Chase City, 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 Chase City, VA home value: $97,900. Median annual Chase City, VA tax bill: $372, $2,028 lower than the national median property tax bill of $2,400.
How are property taxes in Lunenburg County calculated?
Property taxes in Chase City, 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 Chase City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chase City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Chase City, Lunenburg County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.38%
Estimate Property Tax Bill
$372
$345
Property Tax Rates Across Chase City, Lunenburg County, Virginia
Local government entities are responsible for setting tax rates, and these can differ significantly within a state. This variation occurs because each county annually estimates the budget needed to provide essential services. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While the process involves votes and legislation, this is the basic annual procedure.
In Chase City, located in Lunenburg County, property owners experience an effective property tax rate that is notably lower compared to other cities in Virginia. The median property tax rate in Virginia is lower than the national median, offering a more favorable tax environment for homeowners. When comparing Chase City's rate to the national median property tax rate of 1.02%, residents benefit from a significantly lower tax burden. This can make Chase City an attractive option for potential homeowners looking for affordability in property taxes. Understanding these tax dynamics can help homeowners make informed decisions about their property investments and financial planning.
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 Chase City Tax Rate
0.38%
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
0.38%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Chase City, Lunenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23924 | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
Source: Ownwell
Property Tax Assessment Values Across Chase City, Lunenburg County, Virginia
When examining property taxes in Chase City, 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.
Assessment notices in Lunenburg County are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Chase City.
For example, the median home price in Chase City is $97,900, with tax bills ranging significantly across the county. Zip code 23924 has the highest median home price at $97,900.
Property Tax Assessment Values Across Chase City, Lunenburg County, Virginia
Source: Ownwell
$72,950
$116,975
$161,000
Median Chase City Market Value
$97,900
Median Lunenburg County Market Value
$83,400
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Chase City, Lunenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23924 | $18,320 | $46,300 | $97,900 | $156,000 | $275,100 |
Source: Ownwell
Property Tax Bills Across Chase City, Lunenburg County, Virginia
Median Chase City Tax Bill
$372
Median Lunenburg County Tax Bill
$320
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Chase City, Lunenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23924 | $70 | $176 | $372 | $593 | $1,045 |
Source: Ownwell