Swords Creek, Russell County, Virginia Property Taxes

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

Median Swords Creek, 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 Swords Creek, VA home value: $52,800
Median annual Swords Creek, VA tax bill: $333, $2,067 lower than the national median property tax bill of $2,400.

How are property taxes in Russell County calculated?

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

Last Updated March 1, 2025

Swords Creek, Russell County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.63%

Estimate Property Tax Bill

$333

$309

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

Property Tax Rates Across Swords Creek, Russell County, Virginia

Local government entities determine tax rates, which can differ significantly even within Virginia. Each year, counties like Russell estimate the budget needed for public services, then divide this by the total value of taxable property to establish the property tax rate. This process, while involving votes and legal frameworks, essentially sets the annual tax rate.

In Swords Creek, located in Russell County, residents experience an effective property tax rate of 0.63%. This rate is consistent across the county, as both the highest and lowest median tax rates are identical at 0.63%. When compared to the state median, Swords Creek's rate is lower than the national median property tax rate of 1.02%, offering residents a more favorable tax environment. Understanding these differences can highlight potential savings and financial benefits for property owners in Swords Creek. By evaluating these rates against state and national medians, homeowners can make informed decisions about property investments and financial planning.

Property Tax Rates Across Swords Creek, Russell County, Virginia

Source: Ownwell

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 Swords Creek Tax Rate

0.63%

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 Swords Creek, Russell County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24649	0.63%	0.63%	0.63%	0.63%	0.63%

Source: Ownwell

Property Tax Assessment Values Across Swords Creek, Russell County, Virginia

When examining property taxes in Swords Creek, 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. Assessment notices: Russell County sends assessment notices in the spring each year, typically reaching 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 Swords Creek. For example, the median home price in Swords Creek is $52,800, with tax bills ranging significantly across the county. Zip code 24649 has the highest median home price at $52,800.

Property Tax Assessment Values Across Swords Creek, Russell County, Virginia

Source: Ownwell

$20,600

$78,750

$136,900

Median Swords Creek Market Value

$52,850

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 Swords Creek, Russell County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24649	$18,210	$33,600	$52,850	$84,550	$124,340

Source: Ownwell

Property Tax Bills Across Swords Creek, Russell County, Virginia

In Swords Creek, located in Russell County, VA, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. This value considers various factors, including the property's location, size, and condition. The median home price in Swords Creek is $52,800, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $212, while it reaches $780 at the 90th percentile. Despite these variations, the median property tax bill in Swords Creek is $333, which is considerably lower than the national median property tax bill of $2,400. This lower tax burden can be beneficial for homeowners, but it also means that any potential savings from appealing a tax assessment might be smaller. However, homeowners can still benefit from Ownwell's expertise in property tax appeals and exemptions. By leveraging local knowledge and experience, Ownwell can help ensure that property assessments are fair, potentially leading to significant savings on tax bills.

Property Tax Bills Across Swords Creek, Russell County, Virginia

Source: Ownwell

$130

$496

$862

Median Swords Creek Tax Bill

$333

Median Russell County Tax Bill

$497

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Swords Creek, Russell County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24649	$115	$212	$333	$533	$783

Source: Ownwell