Cloverdale, Botetourt County, Virginia Property Taxes

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

Median Cloverdale, VA effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%. Median Cloverdale, VA home value: $151,500. Median annual Cloverdale, VA tax bill: $1,146, $1,254 lower than the national median property tax bill of $2,400. How are property taxes in Botetourt calculated? Property taxes in Cloverdale, 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 Cloverdale’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cloverdale, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cloverdale, Botetourt County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.7%

Estimate Property Tax Bill

$1,487

$1,380

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

Property Tax Rates Across Cloverdale, Botetourt County, Virginia

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 Cloverdale’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

Cloverdale, located in Botetourt County, has an effective property tax rate that aligns with Virginia's median rate, which is notably lower than the national median of 1.02%. This makes Cloverdale an attractive location for property owners seeking lower tax burdens. The uniformity in rates across the county ensures predictability for homeowners. With property tax bills often being a significant annual expense, understanding these rates can aid in financial planning. Cloverdale's competitive tax rate not only benefits current residents but also attracts potential buyers looking for cost-effective property investments in Virginia.

Property Tax Rates Across Cloverdale, Botetourt County, Virginia

Source: Ownwell

0.70%

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 Cloverdale Tax Rate

0.70%

Median Effective Botetourt County Tax Rate

0.70%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cloverdale, Botetourt County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24077	0.70%	0.70%	0.70%	0.70%	0.70%

Source: Ownwell

Property Tax Assessment Values Across Cloverdale, Botetourt County, Virginia

When examining property taxes in Cloverdale, 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 Botetourt 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 Botetourt County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Cloverdale. For example, the median home price in Cloverdale is $151,500, with tax bills ranging significantly across the county. Zip code 24077 has the highest median home price at $151,500.

Property Tax Assessment Values Across Cloverdale, Botetourt County, Virginia

Source: Ownwell

$126,900

$300,850

$474,800

Median Cloverdale Market Value

$212,500

Median Botetourt County Market Value

$294,050

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cloverdale, Botetourt County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24077	$126,940	$136,900	$212,500	$364,800	$401,440

Source: Ownwell

Property Tax Bills Across Cloverdale, Botetourt County, Virginia

In Cloverdale, located in Botetourt County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. The median home price in Cloverdale is $151,500, with property tax bills ranging from $748 at the 25th percentile to $2,075 at the 90th percentile. The median tax bill in the area is $1,146, which is below the national median of $2,400. This means that homeowners in Cloverdale could be paying less than the national average, but there is still potential for savings. Ownwell can assist homeowners by reviewing their property assessments and identifying opportunities for appeals or exemptions, potentially leading to significant reductions in their tax bills. By leveraging expert knowledge, Ownwell helps homeowners ensure they are not overpaying on their property taxes.

Property Tax Bills Across Cloverdale, Botetourt County, Virginia

Source: Ownwell

$885

$2,105

$3,324

Median Cloverdale Tax Bill

$1,479

Median Botetourt County Tax Bill

$2,062

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Cloverdale, Botetourt County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24077	$888	$957	$1,479	$2,553	$2,795

Source: Ownwell