Raven, Russell County, Virginia Property Taxes
Median Raven, VA effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Raven, VA home value: $43,400
Median annual Raven, VA tax bill: $273, $2,127 lower than the national median property tax bill of $2,400.
How are property taxes in Russell County calculated?
Property taxes in Raven, 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 Raven’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Raven, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Raven, Russell County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.63%
Estimate Property Tax Bill
$272
$253
Property Tax Rates Across Raven, Russell County, Virginia
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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.
Raven in Russell County, Virginia, offers an intriguing perspective on property tax rates. The effective property tax rate here is 0.63%, which is lower than the national median of 1.02%. This rate is consistent across the county, as both the highest and lowest median tax rates in the area are the same. The lower rate can be appealing for homeowners looking to reduce their annual tax burden. However, it's essential to consider how these rates compare to other cities within Virginia, as well as the broader U.S. median. Understanding these differences can provide a clearer picture of where Raven stands in terms of property tax affordability and how it might influence your decision-making process when it comes to property investment or relocation.
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 Raven Tax Rate
0.63%
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 Russell County Tax Rate
0.63%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Raven, Russell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24639 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Raven, Russell County, Virginia
When examining property taxes in Raven, 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 Russell 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 Russell 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 Raven.
For example, the median home price in Raven is $43,400, with tax bills ranging significantly across the county. Zip code 24639 has the highest median home price at $43,400.
Property Tax Assessment Values Across Raven, Russell County, Virginia
Source: Ownwell
$20,600
$78,750
$136,900
Median Raven Market Value
$43,200
Median Russell County Market Value
$78,950
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Raven, Russell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24639 | $23,010 | $31,775 | $43,200 | $65,825 | $91,390 |
Source: Ownwell
Property Tax Bills Across Raven, Russell County, Virginia
Median Raven Tax Bill
$272
Median Russell County Tax Bill
$497
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Raven, Russell County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24639 | $145 | $200 | $272 | $415 | $576 |
Source: Ownwell