Stony Creek, Dinwiddie County, Virginia Property Taxes
Median Stony Creek, 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 Stony Creek, VA home value: $128,600
Median annual Stony Creek, VA tax bill: $997, $1,403 lower than the national median property tax bill of $2,400.
How are property taxes in Dinwiddie County calculated?
Property taxes in Stony Creek, 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 Stony Creek’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Stony Creek, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Stony Creek, Dinwiddie County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.84%
Estimate Property Tax Bill
$945
$877
Property Tax Rates Across Stony Creek, Dinwiddie County, Virginia
Local government entities determine tax rates, leading to significant variations within Virginia. Each year, counties like Dinwiddie estimate their budgetary needs to provide essential services and divide this by the total assessed value of all taxable property in their area. This calculation results in the property tax rate. Although the process involves votes and legislative decisions, this is essentially how annual rates are set.
Stony Creek, located in Dinwiddie County, has an effective property tax rate that can be compared to other cities across Virginia. The median property tax rate in Virginia is notably lower than the national median of 1.02%. Stony Creek's rate reflects the local economic conditions and budgetary requirements, offering a unique perspective when compared to other regions.
Understanding these rates can help property owners make informed decisions about appeals and exemptions. By comparing Stony Creek’s property tax rate to the state and national medians, residents can better navigate the complexities of property taxation and potentially reduce their tax burden.
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 Stony Creek Tax Rate
0.84%
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 Dinwiddie County Tax Rate
0.84%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Stony Creek, Dinwiddie County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23882 | 0.84% | 0.84% | 0.84% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Stony Creek, Dinwiddie County, Virginia
When examining property taxes in Stony Creek, 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 Dinwiddie 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 Dinwiddie County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Stony Creek. For example, the median home price in Stony Creek is $128,600, with tax bills ranging significantly across the county. Zip code 23882 has the highest median home price at $128,600.
Property Tax Assessment Values Across Stony Creek, Dinwiddie County, Virginia
Source: Ownwell
$92,200
$138,900
$185,600
Median Stony Creek Market Value
$112,520
Median Dinwiddie County Market Value
$144,000
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Stony Creek, Dinwiddie County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23882 | $31,670 | $75,225 | $112,520 | $168,063 | $208,950 |
Source: Ownwell
Property Tax Bills Across Stony Creek, Dinwiddie County, Virginia
Median Stony Creek Tax Bill
$933
Median Dinwiddie County Tax Bill
$1,200
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Stony Creek, Dinwiddie County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23882 | $261 | $627 | $933 | $1,405 | $1,757 |
Source: Ownwell