Elberon, Surry County, Virginia Property Taxes

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

Median Elberon, VA effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Elberon, VA home value: $201,000
Median annual Elberon, VA tax bill: $1,427, $973 lower than the national median property tax bill of $2,400.

How are property taxes in Surry calculated?

Property taxes in Elberon, 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 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 March 1, 2025

Elberon, Surry County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.71%

Estimate Property Tax Bill

$1,436

$1,332

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

Property Tax Rates Across Elberon, Surry County, Virginia

Local government entities determine tax rates, which can vary significantly within a state. Each year, counties calculate their necessary budgets to fund services and divide this by the total value of all taxable property in their jurisdiction, resulting in the property tax rate. While the process involves votes and legislation, this is the annual procedure in essence. You can compare Elberon’s effective property tax rate to other cities in Virginia, as well as the median property tax rates in Virginia and the U.S. Elberon, located in Surry County, features a median property tax rate of 0.71%. This rate is below the national median property tax rate of 1.02%, making it an attractive location for property owners seeking lower tax burdens. Despite Virginia's diverse tax landscape, Elberon's rate is consistent with the county's highest and lowest rates, both at 0.71%. This consistency provides a stable tax environment for residents. Understanding these rates can assist property owners in making informed decisions about property investments and tax appeals.

Property Tax Rates Across Elberon, Surry County, Virginia

Source: Ownwell

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 Elberon Tax Rate

0.71%

Median Effective Surry County Tax Rate

0.71%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

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, 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 Surry 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 Surry County, assessment notices are sent in the spring each year. They’ll typically reach 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 Elberon.

For example, the median home price in Elberon is $201,000, with tax bills ranging significantly across the county. Zip code 23846 has the highest median home price at $201,000.

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

$235,294

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

In Elberon, VA, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. In Elberon, homeowners can expect their tax bills to vary, with the 25th percentile at $961 and the 90th percentile reaching $2,646. While the median home price in the area is $201,000, the median property tax bill stands at $1,427, which is below the national median property tax bill of $2,400. This indicates a relatively moderate tax burden for homeowners in the region. However, even with a lower-than-average tax bill, homeowners may still benefit from appealing their property taxes. Ownwell specializes in helping homeowners navigate this process by identifying potential savings and exemptions. By leveraging their expertise, homeowners can ensure they are not overpaying and potentially reduce their tax bills, providing financial relief and peace of mind.

Property Tax Bills Across Elberon, Surry County, Virginia

Source: Ownwell

$1,003

$1,501

$1,998

Median Elberon Tax Bill

$1,436

Median Surry County Tax Bill

$1,385

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

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