Indian Valley, Carroll County, Virginia Property Taxes

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

Median Indian Valley, VA effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Indian Valley, VA home value: $56,300
Median annual Indian Valley, VA tax bill: $332, $2,068 lower than the national median property tax bill of $2,400.

How are property taxes in Carroll calculated?

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

Last Updated March 1, 2025

Indian Valley, Carroll County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.59%

Estimate Property Tax Bill

$332

$308

Ownwell’s Indian Valley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Indian Valley with just two data points.

By entering your property's estimated assessed value, our calculator applies Indian Valley’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 Carroll.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Indian Valley, Carroll County, Virginia

Local government entities set tax rates, which can vary widely within a state. 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 Indian Valley’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Indian Valley, located in Carroll County, has a property tax rate of 0.59%. This rate is relatively low compared to the national median property tax rate of 1.02%. Consequently, property owners in Indian Valley enjoy lower tax bills than the national median of $2400. This can be a significant factor for homeowners considering the overall affordability of living in this area. Comparing Indian Valley’s rate to other cities in Virginia, it remains consistent, making it an appealing choice for those looking to minimize their property tax expenses.

Property Tax Rates Across Indian Valley, Carroll County, Virginia

Source: Ownwell

0.59%

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 Indian Valley Tax Rate

0.59%

Median Effective Carroll County Tax Rate

0.59%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Indian Valley, Carroll County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24105	0.52%	0.59%	0.59%	0.59%	0.59%

Source: Ownwell

Property Tax Assessment Values Across Indian Valley, Carroll County, Virginia

When examining property taxes in Indian Valley, 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 Carroll 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 Carroll 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 Indian Valley. For example, the median home price in Indian Valley is $56,300, with tax bills ranging significantly across the county. Zip code 24105 has the highest median home price at $56,300.

Property Tax Assessment Values Across Indian Valley, Carroll County, Virginia

Source: Ownwell

$51,750

$101,350

$150,950

Median Indian Valley Market Value

$56,300

Median Carroll County Market Value

$89,000

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Indian Valley, Carroll County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24105	$21,420	$43,300	$56,300	$116,150	$235,480

Source: Ownwell

Property Tax Bills Across Indian Valley, Carroll County, Virginia

In Indian Valley, Carroll County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as location, property size, and market conditions influence the assessed value. For homeowners in Indian Valley, the median home price is $56,300, with property tax bills ranging from $255 at the 25th percentile to $1,389 at the 90th percentile. The median tax bill in the area is notably lower than the national median of $2,400, making it an attractive location for property owners. However, homeowners may still find opportunities to reduce their tax burden. Ownwell assists by identifying potential inaccuracies in assessments and ensuring that homeowners receive all eligible exemptions. By leveraging expert knowledge and a thorough understanding of local tax regulations, Ownwell can help homeowners in Indian Valley potentially save on their property tax bills.

Property Tax Bills Across Indian Valley, Carroll County, Virginia

Source: Ownwell

$304

$598

$891

Median Indian Valley Tax Bill

$332

Median Carroll County Tax Bill

$529

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Indian Valley, Carroll County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24105	$60	$255	$332	$611	$1,389

Source: Ownwell