North Dinwiddie, Petersburg County, Virginia Property Taxes

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

Median North Dinwiddie, VA effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median North Dinwiddie, VA home value: $48,700
Median annual North Dinwiddie, VA tax bill: $618, $1,782 lower than the national median property tax bill of $2,400.

How are property taxes in Petersburg calculated?

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

Last Updated March 1, 2025

North Dinwiddie, Petersburg County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.27%

Estimate Property Tax Bill

$618

$574

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

Property Tax Rates Across North Dinwiddie, Petersburg County, Virginia

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services annually 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 North Dinwiddie’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. North Dinwiddie, located in Petersburg County, has an effective property tax rate that is higher than the national median of 1.02%. This suggests that property owners in North Dinwiddie might face higher tax bills compared to other regions in the country. Understanding how local tax rates compare can help property owners make informed decisions and potentially seek tax appeal services if they believe their property has been over-assessed.

Property Tax Rates Across North Dinwiddie, Petersburg County, Virginia

Source: Ownwell

1.27%

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 North Dinwiddie Tax Rate

1.27%

Median Effective Petersburg County Tax Rate

1.27%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across North Dinwiddie, Petersburg County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23803	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across North Dinwiddie, Petersburg County, Virginia

When examining property taxes in North Dinwiddie, 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 Petersburg County 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 Petersburg 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 North Dinwiddie. For example, the median home price in North Dinwiddie is $48,700, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across North Dinwiddie, Petersburg County, Virginia

Source: Ownwell

$72,700

$181,450

$290,200

Median North Dinwiddie Market Value

$48,700

Median Petersburg County Market Value

$103,800

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across North Dinwiddie, Petersburg County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23803	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across North Dinwiddie, Petersburg County, Virginia

In North Dinwiddie, located in Petersburg County, VA, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. For homeowners in North Dinwiddie, this means that their property tax bill is directly influenced by the market conditions and the assessed value of their homes. The median home price in this area is $48,700, leading to an average tax bill of $618, which is significantly lower than the national median property tax bill of $2,400. This relatively low tax bill can be attributed to the local property tax rate and the assessed values.

Homeowners in North Dinwiddie can benefit from Ownwell's expertise in property tax appeals. By analyzing the assessed value and comparing it to similar properties, Ownwell can identify potential savings and help homeowners reduce their property tax bills. This service can be particularly valuable in ensuring that homeowners are not overpaying on their taxes, providing peace of mind and financial relief.

Property Tax Bills Across North Dinwiddie, Petersburg County, Virginia

Source: Ownwell

$926

$2,306

$3,686

Median North Dinwiddie Tax Bill

$618

Median Petersburg County Tax Bill

$1,321

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across North Dinwiddie, Petersburg County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23803	N/A	N/A	N/A	N/A	N/A

Source: Ownwell