Rice, Amelia County, Virginia Property Taxes

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

Median Rice, VA effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Rice, VA home value: $119,700
Median annual Rice, VA tax bill: $455, $1,945 lower than the national median property tax bill of $2,400.

How are property taxes in Amelia calculated?

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

Last Updated March 1, 2025

Rice, Amelia County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.46%

Estimate Property Tax Bill

$551

$511

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

Property Tax Rates Across Rice, Amelia 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. While there are votes and laws involved in setting tax rates and budgets, this is the annual process. Rice in Amelia County, Virginia, is a prime example of how property tax rates can vary. The effective property tax rate in Rice is 0.38%, which is significantly lower than the national median property tax rate of 1.02%. This lower rate can result in substantial savings for property owners in Rice compared to those in other parts of the country. However, it's essential to note that while the tax rate is lower, the actual tax bill will also depend on the assessed value of the property. Comparing Rice's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. can provide valuable insights for homeowners considering a property tax appeal or exemption.

Property Tax Rates Across Rice, Amelia County, Virginia

Source: Ownwell

0.46%

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 Rice Tax Rate

0.46%

Median Effective Amelia County Tax Rate

0.46%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Rice, Amelia County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23966	0.46%	0.46%	0.46%	0.46%	0.46%

Source: Ownwell

Property Tax Assessment Values Across Rice, Amelia County, Virginia

When examining property taxes in Rice, 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 Amelia 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: In Amelia 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 Rice. For example, the median home price in Rice is $119,700, with tax bills ranging significantly across the county. Zip code 23966 has the highest median home price at $119,700.

Property Tax Assessment Values Across Rice, Amelia County, Virginia

Source: Ownwell

$119,750

$163,500

$207,250

Median Rice Market Value

$119,750

Median Amelia County Market Value

$196,450

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Rice, Amelia County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23966	$40,510	$72,300	$119,750	$178,900	$258,400

Source: Ownwell

Property Tax Bills Across Rice, Amelia County, Virginia

In Rice, located within Amelia County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in this area is $119,700. The tax bill is influenced by the local property tax rate, which is applied to the assessed value. In this region, the 25th percentile tax bill is $278, while the 75th percentile reaches $678. Comparatively, the national median property tax bill is $2,400, highlighting the relatively lower tax burden in Rice. Homeowners in Rice can face varying tax bills, with the 90th percentile reaching up to $981, indicating that some homeowners may pay significantly more than others. This variability can impact homeowners' finances, making it crucial to ensure their property is assessed fairly. Ownwell can assist by providing expert property tax appeal services, potentially lowering tax bills by ensuring accurate assessments, thus offering significant savings for homeowners.

Property Tax Bills Across Rice, Amelia County, Virginia

Source: Ownwell

$551

$752

$953

Median Rice Tax Bill

$551

Median Amelia County Tax Bill

$904

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Rice, Amelia County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23966	$186	$333	$551	$823	$1,189

Source: Ownwell