Callao, Richmond County, Virginia Property Taxes

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

Median Callao, VA effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Callao, VA home value: $108,981
Median annual Callao, VA tax bill: $763, $1,637 lower than the national median property tax bill of $2,400.

How are property taxes in Richmond calculated?

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

Last Updated March 1, 2025

Callao, Richmond County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.7%

Estimate Property Tax Bill

$763

$708

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

Property Tax Rates Across Callao, Richmond County, Virginia

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process. In Callao, located in Richmond County, VA, the effective property tax rate is a reflection of these calculations and decisions. When compared to other cities in Virginia, Callao's rate aligns with the state's median property tax rate. Nationally, the median property tax rate stands at 1.02%, which provides context for understanding how Callao's rate compares on a broader scale. By understanding these dynamics, property owners can better navigate their property tax responsibilities and potentially explore appealing or seeking exemptions where applicable.

Property Tax Rates Across Callao, Richmond County, Virginia

Source: Ownwell

0.70%

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 Callao Tax Rate

0.70%

Median Effective Richmond County Tax Rate

0.70%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Callao, Richmond County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22435	0.70%	0.70%	0.70%	0.70%	0.70%

Source: Ownwell

Property Tax Assessment Values Across Callao, Richmond County, Virginia

When examining property taxes in Callao, 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 Richmond 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.

In Richmond 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 Callao.

For example, the median home price in Callao is $108,981, with tax bills ranging significantly across the county. Zip code 22435 has the highest median home price at $108,981.

Property Tax Assessment Values Across Callao, Richmond County, Virginia

Source: Ownwell

$108,981

$122,415

$135,849

Median Callao Market Value

$108,981

Median Richmond County Market Value

$134,435

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Callao, Richmond County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22435	$47,671	$81,884	$108,981	$145,924	$198,132

Source: Ownwell

Property Tax Bills Across Callao, Richmond County, Virginia

In Callao, Richmond County, VA, property tax bills are calculated based on the assessed value of a home. The local assessor determines this value, which is then multiplied by the county's property tax rate to calculate the annual tax bill. With a median home price of $108,981, homeowners in Callao often face property tax bills that can vary significantly. The tax bill at the 25th percentile is $573, while at the 75th percentile, it rises to $1,021, and at the 90th percentile, it reaches $1,387. These figures highlight the potential financial impact on homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell offers invaluable assistance by helping homeowners navigate the complexities of property tax appeals and exemptions. By analyzing individual property assessments and identifying potential discrepancies, Ownwell can assist homeowners in reducing their tax liabilities, ensuring they only pay what is fair and accurate. This service not only provides financial relief but also peace of mind.

Property Tax Bills Across Callao, Richmond County, Virginia

Source: Ownwell

$763

$852

$941

Median Callao Tax Bill

$763

Median Richmond County Tax Bill

$931

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Callao, Richmond County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22435	$334	$573	$763	$1,021	$1,387

Source: Ownwell