Ararat, Patrick County, Virginia Property Taxes

Name: Property Tax Bills Across Ararat, Patrick County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Ararat, VA effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Ararat, VA home value: $75,000
Median annual Ararat, VA tax bill: $548, $1,852 lower than the national median property tax bill of $2,400.

How are property taxes in Patrick County calculated?

Property taxes in Ararat, 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 Ararat’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ararat, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Ararat, Patrick County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.73%

Estimate Property Tax Bill

$554

$515

Ownwell’s Ararat Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ararat with just two data points. By entering your property's estimated assessed value, our calculator applies Ararat’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 Patrick County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ararat, Patrick County, Virginia

Local government entities set tax rates, which can vary widely within a state. Annually, 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. Below, you can compare Ararat’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

In Ararat, located in Patrick County, the effective property tax rate is 0.73%. This rate is below the national median property tax rate of 1.02%. When compared to the national median property tax bill of $2400, residents in Ararat benefit from a lower tax burden. Virginia's property tax rates vary across the state, but Ararat's rate is consistent with the highest and lowest median tax rates in the region. This favorable tax environment can make Ararat an attractive place for property owners looking to minimize their tax expenses while enjoying the benefits of living in Virginia.

Property Tax Rates Across Ararat, Patrick County, Virginia

Source: Ownwell

0.73%

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 Ararat Tax Rate

0.73%

Median Effective Patrick County Tax Rate

0.73%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ararat, Patrick County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24053	0.73%	0.73%	0.73%	0.73%	0.73%

Source: Ownwell

Property Tax Assessment Values Across Ararat, Patrick County, Virginia

When examining property taxes in Ararat, 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 Patrick 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 Patrick 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 Ararat. For example, the median home price in Ararat is $75,000, with tax bills ranging significantly across the county. Zip code 24053 has the highest median home price at $75,000.

Property Tax Assessment Values Across Ararat, Patrick County, Virginia

Source: Ownwell

$56,300

$95,425

$134,550

Median Ararat Market Value

$75,950

Median Patrick County Market Value

$79,700

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ararat, Patrick County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24053	$19,490	$41,350	$75,950	$119,775	$179,290

Source: Ownwell

Property Tax Bills Across Ararat, Patrick County, Virginia

In Ararat, located in Patrick County, VA, property tax bills are calculated based on the assessed value of the property. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. In Ararat, the median home price is $75,000, and the property tax bill can range significantly, with the 25th percentile at $296 and the 90th percentile reaching $1,294. This variability highlights the impact of property assessments and tax rates on homeowners' financial obligations. Compared to the national median property tax bill of $2,400, Ararat's property taxes are relatively lower, yet they can still pose a burden for some homeowners. Ownwell can assist by reviewing property assessments and identifying potential discrepancies or opportunities for exemptions. By appealing assessments and ensuring accurate valuations, Ownwell helps homeowners potentially reduce their property tax bills, providing financial relief and ensuring fair taxation.

Property Tax Bills Across Ararat, Patrick County, Virginia

Source: Ownwell

$411

$697

$982

Median Ararat Tax Bill

$554

Median Patrick County Tax Bill

$582

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Ararat, Patrick County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24053	$142	$302	$554	$874	$1,309

Source: Ownwell