Jarratt, Sussex County, Virginia Property Taxes

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

Median Jarratt, VA effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Jarratt, VA home value: $84,450
Median annual Jarratt, VA tax bill: $402, $1,998 lower than the national median property tax bill of $2,400.

How are property taxes in Sussex calculated?

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

Last Updated March 1, 2025

Jarratt, Sussex County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.48%

Estimate Property Tax Bill

$413

$384

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

Property Tax Rates Across Jarratt, Sussex County, Virginia

Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is essentially the annual process. Jarratt in Sussex County, Virginia, offers a unique perspective on property tax rates. With an effective property tax rate of 0.48%, it stands out when compared to the national median property tax rate of 1.02%. This makes Jarratt's rate significantly lower than the national average, providing an attractive scenario for property owners. The lower tax rate can mean substantial savings, especially when compared to other regions in the U.S. where property taxes can be a significant financial burden. Understanding these variations can help property owners make informed decisions about property investments and financial planning.

Property Tax Rates Across Jarratt, Sussex County, Virginia

Source: Ownwell

0.48%

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 Jarratt Tax Rate

0.48%

Median Effective Sussex County Tax Rate

0.48%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Jarratt, Sussex County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23867	0.48%	0.48%	0.48%	0.48%	0.48%

Source: Ownwell

Property Tax Assessment Values Across Jarratt, Sussex County, Virginia

When examining property taxes in Jarratt, 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 Sussex 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 Sussex 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 Jarratt.

For example, the median home price in Jarratt is $84,450, with tax bills ranging significantly across the county. Zip code 23867 has the highest median home price at $84,450.

Property Tax Assessment Values Across Jarratt, Sussex County, Virginia

Source: Ownwell

$74,950

$133,850

$192,750

Median Jarratt Market Value

$86,100

Median Sussex County Market Value

$105,550

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Jarratt, Sussex County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23867	$19,330	$49,300	$86,100	$155,500	$274,090

Source: Ownwell

Property Tax Bills Across Jarratt, Sussex County, Virginia

In Jarratt, Sussex County, VA, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Factors such as location, property size, and improvements can influence this value. With a median home price of $84,450, the property tax bill can vary significantly. For instance, the 25th percentile tax bill is $204, while the 75th percentile reaches $699. The 90th percentile can even go up to $1,206, reflecting a wide range of potential tax obligations for homeowners. Compared to the national median property tax rate of 1.02%, homeowners in Jarratt might find their tax rates to be more favorable, but there's still room to save. Ownwell offers expertise in property tax appeals, helping homeowners potentially lower their assessed values and, consequently, their tax bills. By leveraging local knowledge and effective strategies, Ownwell can assist homeowners in reducing their property tax burden.

Property Tax Bills Across Jarratt, Sussex County, Virginia

Source: Ownwell

$359

$641

$922

Median Jarratt Tax Bill

$410

Median Sussex County Tax Bill

$502

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Jarratt, Sussex County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23867	$89	$229	$410	$729	$1,298

Source: Ownwell