Penhook, Pittsylvania County, Virginia Property Taxes
Property Taxes in Penhook, Virginia
Median Penhook, Virginia effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Penhook, Virginia home value: $350,000
Median annual Penhook, Virginia tax bill: $1,926, $474 lower than the national median property tax bill of $2,400.
How are property taxes in Pittsylvania calculated?
Property taxes in Penhook, 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 Penhook's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Penhook, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Penhook, Pittsylvania County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.56%
Estimate Property Tax Bill
$1,960
$1,819
How Does the Penhook Property Tax Calculator Work?
Use this Penhook property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Penhook's median effective tax rate of 0.56% — based on actual property records in Pittsylvania County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Penhook'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 Penhook: rates range from 0.56% in 24137 to 0.56% in 24137, 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 Penhook.
About Penhook Property Taxes
About Property Taxes in Penhook, Pittsylvania, Virginia
Penhook’s median effective property tax rate of 0.56% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Pittsylvania 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 Penhook. Homeowners in the 24137 ZIP code carry a median effective rate of 0.56%, while those in the lowest ZIP also pay 0.56%. This means the local tax burden is consistent across the area, but your assessed value still plays a major role in what you owe.
Penhook 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 Penhook, Pittsylvania 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 Penhook'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 Ă· 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 Penhook Tax Rate
0.56%
Our median effective property tax rate (tax bill Ă· 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 Pittsylvania County Tax Rate
0.56%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Penhook, Pittsylvania County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24137 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Penhook, Pittsylvania County, Virginia
When examining property taxes in Penhook, 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 Pittsylvania 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 Pittsylvania County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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. For example, the median home price in Penhook is $350,000, with tax bills ranging significantly across the county. Zip code 24137 has the highest median home price at $350,000.
Property Tax Assessment Values Across Penhook, Pittsylvania County, Virginia
Source: Ownwell
$39,100
$194,550
$350,000
Median Penhook Market Value
$350,000
Median Pittsylvania County Market Value
$84,100
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Penhook, Pittsylvania County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24137 | $20,000 | $91,400 | $350,000 | $530,800 | $800,000 |
Source: Ownwell
Property Tax Bills Across Penhook, Pittsylvania County, Virginia
Property tax bills in Penhook are based on the assessed value of a home and the local tax rate set for Pittsylvania County. When a property’s market value changes, the assessed value can change too, which affects the final bill homeowners receive. For a home with a median price of $350,000, the tax bill can vary widely depending on how the property is assessed and which exemptions or local rules apply.
In Penhook, the 25th percentile tax bill is $512, while the 75th percentile tax bill is $2,927 and the 90th percentile tax bill is $4,470. The median tax bill in ZIP code 24137 is $1,926, which is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. For homeowners, this means property taxes can be a significant part of housing costs, and even small changes in assessed value can have a noticeable impact on what is owed each year.
Median Penhook Tax Bill
$1,926
Median Pittsylvania County Tax Bill
$458
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Penhook, Pittsylvania County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24137 | $108 | $512 | $1,926 | $2,927 | $4,470 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Pittsylvania Tax Assessor | |
| Website | keyweb.pittgov.net |