Dillwyn, Cumberland County, Virginia Property Taxes
Median Dillwyn, VA effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Dillwyn, VA home value: $111,945
Median annual Dillwyn, VA tax bill: $840, $1,560 lower than the national median property tax bill of $2,400.
How are property taxes in Cumberland calculated?
Property taxes in Dillwyn, 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 Dillwyn’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Dillwyn, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Dillwyn, Cumberland County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$841
$781
Property Tax Rates Across Dillwyn, Cumberland County, Virginia
Local government entities determine tax rates, which can differ significantly within a state. This is because each county annually estimates its required budget to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these tax rates and budgets, this is the fundamental annual process.
For instance, in Dillwyn, located in Cumberland County, Virginia, the effective property tax rate is 0.75%. This rate is consistent across the county, as both the highest and lowest median tax rates are identical at 0.75% in the 23936 ZIP code. When compared to the national median property tax rate of 1.02%, Dillwyn's rate is relatively low. This can mean lower property tax bills for homeowners in Dillwyn, particularly when compared to the national median property tax bill of $2,400. Such favorable tax rates can make Dillwyn an attractive location for property owners looking to minimize their tax burden while still enjoying the services funded by these taxes.
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 Dillwyn Tax Rate
0.60%
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 Cumberland County Tax Rate
0.60%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Dillwyn, Cumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23936 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Dillwyn, Cumberland County, Virginia
When examining property taxes in Dillwyn, 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 Cumberland 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 Cumberland 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 Dillwyn.
For example, the median home price in Dillwyn is $111,945, with tax bills ranging significantly across the county. Zip code 23936 has the highest median home price at $111,945.
Property Tax Assessment Values Across Dillwyn, Cumberland County, Virginia
Source: Ownwell
$140,190
$175,455
$210,720
Median Dillwyn Market Value
$140,190
Median Cumberland County Market Value
$170,330
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Dillwyn, Cumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23936 | $31,608 | $70,535 | $140,190 | $261,165 | $370,498 |
Source: Ownwell
Property Tax Bills Across Dillwyn, Cumberland County, Virginia
Median Dillwyn Tax Bill
$841
Median Cumberland County Tax Bill
$1,019
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Dillwyn, Cumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23936 | $190 | $423 | $841 | $1,567 | $2,223 |
Source: Ownwell