Property Taxes in Elberon, Virginia
Median Elberon, Virginia effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Elberon, Virginia home value: $202,200
Median annual Elberon, Virginia tax bill: $1,436, $964 lower than the national median property tax bill of $2,400.
How are property taxes in Surry calculated?
Property taxes in Elberon, 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 Elberon's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elberon, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Elberon Property Tax Calculator Work?
Use this Elberon property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Elberon's median effective tax rate of 0.71% — based on actual property records in Surry 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 Elberon'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 Elberon: rates range from 0.71% in 23846 to 0.71% in 23846, 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 Elberon.
About Elberon Property Taxes
About Property Taxes in Elberon, Surry, Virginia
Elberon’s median effective property tax rate of 0.71% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Surry 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 Elberon. Homeowners in the 23846 ZIP code carry a median effective rate of 0.71%, while those in the same ZIP pay 0.71%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Surry County. Understanding which part of Elberon you live in can make a meaningful difference to your annual tax bill.
Elberon homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before February 2, 2026.
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 Elberon, Surry 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 Elberon’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 ÷ 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 Elberon Tax Rate
0.71%
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 Surry County Tax Rate
0.71%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Elberon, Surry County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23846 | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Elberon, Surry County, Virginia
When examining property taxes in Elberon, 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 Surry 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.
Assessment notices:
In Surry 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. 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 Elberon.
For example, the median home price in Elberon is $202,200, with tax bills ranging significantly across the county. 23846 has the highest median home price at $202,200.
Property Tax Assessment Values Across Elberon, Surry County, Virginia
Source: Ownwell
$141,250
$211,325
$281,400
Median Elberon Market Value
$202,200
Median Surry County Market Value
$195,100
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Elberon, Surry County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23846 | $65,300 | $135,300 | $202,200 | $306,800 | $372,700 |
Source: Ownwell
Property Tax Bills Across Elberon, Surry County, Virginia
Property tax bills in Elberon are based on the assessed value of a home and the local tax rate set for Surry County. For a median-priced home of $202,200, the bill can vary widely depending on where the property is located and how it is assessed. The 25th percentile tax bill is $961, while the 75th percentile reaches $2,178 and the 90th percentile climbs to $2,646.
What homeowners pay depends on the market value assigned to the property, any exemptions they qualify for, and the local taxing authorities that apply. In the area’s ZIP code 23846, the median tax bill is $1,436. That is below the national median property tax bill of $2,400 and also below the national median property tax rate of 1.02%.
For homeowners, this means property taxes can be a meaningful part of annual housing costs, especially when assessed values rise faster than expected.
Median Elberon Tax Bill
$1,436
Median Surry County Tax Bill
$1,385
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Elberon, Surry County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23846 | $464 | $961 | $1,436 | $2,178 | $2,646 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 2 |
Links | |
|---|---|
| Surry Tax Assessor | |
| Website | surry.cama.concisesystems.com |