Patrick Springs, Patrick County, Virginia Property Taxes
Property Taxes in Patrick Springs, Virginia
Median Patrick Springs, Virginia effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Patrick Springs, Virginia home value: $73,300
Median annual Patrick Springs, Virginia tax bill: $535, lower than the national median property tax bill of $2,400.
How are property taxes in Patrick County calculated?
Property taxes in Patrick Springs, Virginia 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 Patrick Springs's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Patrick Springs, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Patrick Springs, Patrick County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$535
$497
How Does the Patrick Springs Property Tax Calculator Work?
Use this Patrick Springs property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Patrick Springs's median effective tax rate of 0.73% — based on actual property records in Patrick County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Patrick Springs's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Patrick Springs: rates range from 0.73% in 24133 to 0.73% in 24133, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Patrick Springs.
About Patrick Springs Property Taxes
About Property Taxes in Patrick Springs, Patrick, Virginia
Patrick Springs's median effective property tax rate of 0.73% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Patrick County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Patrick Springs. Homeowners in the 24133 ZIP code carry a median effective rate of 0.73%, while those in the 24133 pay 0.73%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Patrick County. Understanding which part of Patrick Springs you live in can make a meaningful difference to your annual tax bill.
Patrick Springs homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Patrick Springs, Patrick County, Virginia
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Patrick Springs's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
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 Patrick Springs Tax Rate
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 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 Patrick Springs, Patrick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24133 | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Patrick Springs, Patrick County, Virginia
When examining property taxes in Patrick Springs, 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 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 the month.
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 Patrick Springs.
For example, the median home price in Patrick Springs is $73,300, with tax bills ranging significantly across the county. Zip code 24133 has the highest median home price at $73,300.
Property Tax Assessment Values Across Patrick Springs, Patrick County, Virginia
Source: Ownwell
$56,300
$95,425
$134,550
Median Patrick Springs Market Value
$73,300
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 Patrick Springs, Patrick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24133 | $16,400 | $42,100 | $73,300 | $113,500 | $166,240 |
Source: Ownwell
Property Tax Bills Across Patrick Springs, Patrick County, Virginia
Property tax bills in Patrick Springs are calculated by multiplying a home’s assessed value by the local tax rate, then adjusting for any exemptions or special assessments that apply. The assessed value is based on the market value of the property, so changes in home prices can directly affect what homeowners owe. In Patrick County, the median home price is $73,300, which helps explain why tax bills here are generally lower than the national median property tax bill of $2,400.
For many homeowners, the final bill depends on the property’s location, condition, and any local taxing authorities that collect revenue for schools, roads, and other services. In Patrick Springs, the median property tax bill is $535, with the same amount shown at both the highest and lowest median levels in zip code 24133. That means even modest changes in assessed value or tax rates can matter, especially for homeowners watching their annual housing costs.
Median Patrick Springs Tax Bill
$535
Median Patrick County Tax Bill
$582
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Patrick Springs, Patrick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24133 | $120 | $307 | $535 | $829 | $1,214 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Patrick Tax Assessor | |
| Website | patcova.interactivegis.com |