Stuart, Patrick County, Virginia Property Taxes

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

Median Stuart, 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 Stuart, VA home value: $76,400
Median annual Stuart, VA tax bill: $558, $1,842 lower than the national median property tax bill of $2,400.

How are property taxes in Patrick County calculated?

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

Last Updated March 1, 2025

Stuart, 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

$558

$518

Ownwell’s Stuart Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stuart with just two data points.

By entering your property's estimated assessed value, our calculator applies Stuart’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 Stuart, 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 Stuart’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Stuart, located in Patrick County, has a median property tax rate of 0.73%, which is below the national median of 1.02%. This lower rate can provide significant savings for homeowners compared to the national average. The affordability of property taxes in Stuart makes it an attractive option for potential homeowners looking to reduce their annual expenses. Additionally, the consistency of the tax rate across the county ensures predictability for residents. Whether you're considering purchasing a home or simply looking to understand your current tax obligations better, knowing how Stuart compares can be beneficial.

Property Tax Rates Across Stuart, 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 Stuart Tax Rate

0.73%

Median Effective Patrick County Tax Rate

0.73%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Stuart, Patrick County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24171	0.73%	0.73%	0.73%	0.73%	0.73%

Source: Ownwell

Property Tax Assessment Values Across Stuart, Patrick County, Virginia

When examining property taxes in Stuart, 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 assesses 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 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 Stuart.

For example, the median home price in Stuart is $76,400, with tax bills ranging significantly across the county. Zip code 24171 has the highest median home price at $76,400.

Property Tax Assessment Values Across Stuart, Patrick County, Virginia

Source: Ownwell

$54,700

$94,625

$134,550

Median Stuart Market Value

$76,400

Median Patrick County Market Value

$79,400

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Stuart, Patrick County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24171	$18,500	$40,600	$76,400	$124,425	$182,400

Source: Ownwell

Property Tax Bills Across Stuart, Patrick County, Virginia

In Stuart, VA, property tax bills are determined by multiplying the property's assessed value by the local tax rate. With the median home price at $76,400, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is $296, while the 75th and 90th percentiles reach $908 and $1,332, respectively. These figures highlight how property tax burdens can differ, impacting homeowners' finances. Compared to the national median property tax rate of 1.02%, Stuart's rates may offer some relief, yet they still represent a significant obligation for many residents.

Factors influencing tax bills include changes in property values, local government budgets, and tax rates. Homeowners may find their tax bills increasing if property values rise or if local authorities adjust tax rates to meet budgetary needs.

Ownwell assists homeowners by providing expert property tax appeal services. Our team analyzes property assessments to identify potential inaccuracies and advocates for fair valuation, potentially reducing tax burdens. By ensuring homeowners only pay their fair share, Ownwell helps clients achieve significant savings on their property tax bills.

Property Tax Bills Across Stuart, Patrick County, Virginia

Source: Ownwell

$399

$691

$982

Median Stuart Tax Bill

$558

Median Patrick County Tax Bill

$580

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Stuart, Patrick County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24171	$135	$296	$558	$908	$1,332

Source: Ownwell