Ripplemead, Giles County, Virginia Property Taxes
Median RIPPLEMEAD, VA effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median RIPPLEMEAD, VA home value: $95,900
Median annual RIPPLEMEAD, VA tax bill: $632, $1,768 lower than the national median property tax bill of $2,400.
How are property taxes in Giles County calculated?
Property taxes in RIPPLEMEAD, 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 RIPPLEMEAD’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in RIPPLEMEAD, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ripplemead, Giles County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.34%
Estimate Property Tax Bill
$327
$303
Property Tax Rates Across Ripplemead, Giles 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 Ripplemead’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
Ripplemead in Giles County has a median property tax rate of 0.68%, which is significantly lower than the national median of 1.02%. This means that homeowners in Ripplemead enjoy a lighter property tax burden compared to many other areas across the country. The uniformity of the tax rate in Ripplemead, with both the highest and lowest rates at 0.68%, suggests a consistent approach to property taxation within the area. This stability can be beneficial for homeowners looking to budget for their annual property tax expenses.
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 Ripplemead Tax Rate
0.34%
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 Giles County Tax Rate
0.34%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ripplemead, Giles County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24150 | 0.34% | 0.34% | 0.34% | 0.34% | 0.34% |
Source: Ownwell
Property Tax Assessment Values Across Ripplemead, Giles County, Virginia
When examining property taxes in Ripplemead, 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 Giles 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 Giles 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 Ripplemead.
For example, the median home price in Ripplemead is $95,900, with tax bills ranging significantly across the county. Zip code 24150 has the highest median home price at $95,900.
Property Tax Assessment Values Across Ripplemead, Giles County, Virginia
Source: Ownwell
$61,700
$114,650
$167,600
Median Ripplemead Market Value
$96,100
Median Giles County Market Value
$100,100
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ripplemead, Giles County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24150 | $34,780 | $62,200 | $96,100 | $127,900 | $190,800 |
Source: Ownwell
Property Tax Bills Across Ripplemead, Giles County, Virginia
Median Ripplemead Tax Bill
$317
Median Giles County Tax Bill
$330
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Ripplemead, Giles County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24150 | $120 | $205 | $317 | $432 | $640 |
Source: Ownwell