Spring Grove, Surry County, Virginia Property Taxes
Median Spring Grove, 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 Spring Grove, VA home value: $183,300
Median annual Spring Grove, VA tax bill: $1,301, $1,099 lower than the national median property tax bill of $2,400.
How are property taxes in Surry calculated?
Property taxes in Spring Grove, 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 Spring Grove’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Spring Grove, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Spring Grove, Surry County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$1,369
$1,271
Property Tax Rates Across Spring Grove, Surry County, Virginia
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate.
In Spring Grove, located in Surry County, Virginia, the effective property tax rate is 0.71%, which is notably lower than the national median of 1.02%. This means homeowners in Spring Grove benefit from a lower tax burden compared to many other parts of the country. Additionally, the median property tax bill in Virginia generally tends to be lower than the national median of $2,400, offering further financial relief to property owners.
While votes and laws are involved in setting tax rates and budgets, this annual process ensures that the necessary funds are raised to maintain essential services. Comparing Spring Grove’s effective property tax rate to other cities in Virginia and the U.S. highlights the relative affordability of living in this region.
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 Spring Grove 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
1.02%
Property Tax Rates Across Spring Grove, Surry County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23881 | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Spring Grove, Surry County, Virginia
When examining property taxes in Spring Grove, 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 Spring Grove. For example, the median home price in Spring Grove is $183,300, with tax bills ranging significantly across the county. Zip code 23881 has the highest median home price at $183,300.
Property Tax Assessment Values Across Spring Grove, Surry County, Virginia
Source: Ownwell
$141,250
$211,325
$281,400
Median Spring Grove Market Value
$192,850
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 Spring Grove, Surry County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23881 | $44,390 | $104,400 | $192,850 | $319,300 | $443,970 |
Source: Ownwell
Property Tax Bills Across Spring Grove, Surry County, Virginia
Median Spring Grove Tax Bill
$1,369
Median Surry County Tax Bill
$1,385
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Spring Grove, Surry County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23881 | $315 | $741 | $1,369 | $2,267 | $3,152 |
Source: Ownwell