Red Oak, Mecklenburg County, Virginia Property Taxes
Median RED OAK, VA effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median RED OAK, VA home value: $105,600
Median annual RED OAK, VA tax bill: $422, $1,978 lower than the national median property tax bill of $2,400.
How are property taxes in Mecklenburg calculated?
Property taxes in RED OAK, 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 RED OAK’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in RED OAK, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Red Oak, Mecklenburg County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.36%
Estimate Property Tax Bill
$525
$487
Ownwell’s RED OAK Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in RED OAK with just two data points.
By entering your property's estimated assessed value, our calculator applies RED OAK’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Mecklenburg.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Red Oak, Mecklenburg County, Virginia
Local government entities determine tax rates, which can significantly differ within a state. This variation is due to each county's annual estimation of its budgetary needs to provide essential services, which is then divided by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although the process involves votes and legal frameworks, this is the fundamental approach taken each year.
In Red Oak, located in Mecklenburg County, VA, the effective property tax rate is noticeably lower than the national median of 1.02%. Comparing this to other cities within Virginia, Red Oak's rate is also below the state median. This lower rate can be attributed to various factors, including the county's budgetary requirements and the total assessed value of the property. The national median property tax bill is $2400, and Red Oak's lower rate can lead to substantial savings for property owners, making it an attractive location for those looking to optimize their 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 Red Oak Tax Rate
0.36%
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 Mecklenburg County Tax Rate
0.36%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Red Oak, Mecklenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23964 | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% |
Source: Ownwell
Property Tax Assessment Values Across Red Oak, Mecklenburg County, Virginia
When examining property taxes in Red Oak, 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 Mecklenburg 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 Mecklenburg County, assessment notices 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 Red Oak. For example, the median home price in Red Oak is $105,600, with tax bills ranging significantly across the county. Zip code 23964 has the highest median home price at $105,600.
Property Tax Assessment Values Across Red Oak, Mecklenburg County, Virginia
Source: Ownwell
$94,900
$155,775
$216,650
Median Red Oak Market Value
$145,800
Median Mecklenburg County Market Value
$139,100
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Red Oak, Mecklenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23964 | $26,320 | $71,300 | $145,800 | $199,800 | $341,580 |
Source: Ownwell
Property Tax Bills Across Red Oak, Mecklenburg County, Virginia
Property tax bills in Red Oak, located in Mecklenburg County, VA, are determined by assessing the property's market value and applying the local tax rate. With a median home price of $105,600, homeowners in this region face property tax bills that can vary significantly. For instance, while some homeowners pay as little as $217, others might see bills reaching up to $1,072. This variation is influenced by factors such as property size, location, and improvements.
Compared to the national median property tax bill of $2,400, Red Oak's tax bills are generally lower, with the median tax bill standing at $422. However, even with lower rates, property taxes can still be a burden for homeowners. This is where Ownwell can make a difference. By offering expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax liabilities. Our team reviews assessments, identifies discrepancies, and files appeals on behalf of homeowners, ensuring they pay only their fair share.
Median Red Oak Tax Bill
$525
Median Mecklenburg County Tax Bill
$501
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Red Oak, Mecklenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23964 | $95 | $257 | $525 | $719 | $1,230 |
Source: Ownwell