Spencer, Patrick County, Virginia Property Taxes
Property Taxes in Spencer, Virginia
Median Spencer, 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 Spencer, Virginia home value: $77,200
Median annual Spencer, Virginia tax bill: $564, lower than the national median property tax bill of $2,400.
How are property taxes in Patrick calculated?
Property taxes in Spencer, 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 Spencer's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Spencer, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Spencer, 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
$564
$523
How Does the Spencer Property Tax Calculator Work?
Use this Spencer property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Spencer'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 used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Spencer'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 Spencer, but the median tax bill is $564, which is lower than the Virginia median tax bill by $1,836. Rates in the available ZIP code are 0.73% in 24165.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Spencer.
About Spencer Property Taxes
About Property Taxes in Spencer, Patrick, Virginia
Spencer'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 Spencer. Homeowners in the 24165 ZIP code carry a median effective rate of 0.73%, while those in the lowest ZIP code pay 0.73%. This spread reflects how school district boundaries and local assessment districts are drawn across Patrick County. Understanding which part of Spencer you live in can make a meaningful difference to your annual tax bill.
Spencer homeowners who believe their assessed value is too high can file a formal appeal with the 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 Spencer, 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 Spencer'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 Spencer 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 Spencer, Patrick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24165 | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Spencer, Patrick County, Virginia
When examining property taxes in Spencer, 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 Spencer.
For example, the median home price in Spencer is $77,200, with tax bills ranging significantly across the county. ZIP code 24165 has the highest median home price at $77,200.
Property Tax Assessment Values Across Spencer, Patrick County, Virginia
Source: Ownwell
$56,300
$95,425
$134,550
Median Spencer Market Value
$77,200
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 Spencer, Patrick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24165 | $21,760 | $42,675 | $77,200 | $118,375 | $162,740 |
Source: Ownwell
Property Tax Bills Across Spencer, Patrick County, Virginia
Property tax bills in Spencer are based on the assessed value of a home and the local tax rate set for Patrick County. When a property’s assessed market value changes, the tax bill can change too, which means homeowners may see differences from year to year even if they have not made major changes to the home.
For a typical home in Spencer, the median home price is $77,200, and the median property tax bill is $564.00. That is well below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills can vary widely depending on the home’s value and its location, with the 25th percentile at $312 and the 75th percentile at $864. The highest and lowest median tax bill in the area is $564.00 in ZIP code 24165. For homeowners, these taxes are an important part of the cost of owning a home and can affect monthly budgeting and long-term affordability.
Median Spencer Tax Bill
$564
Median Patrick County Tax Bill
$582
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Spencer, Patrick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24165 | $159 | $312 | $564 | $864 | $1,188 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Patrick Tax Assessor | |
| Website | patcova.interactivegis.com |