Exmore, Accomack County, Virginia Property Taxes

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

Median Exmore, VA effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Exmore, VA home value: $132,000
Median annual Exmore, VA tax bill: $785, $1,615 lower than the national median property tax bill of $2,400.

How are property taxes in Accomack calculated?

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

Last Updated March 1, 2025

Exmore, Accomack County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.6%

Estimate Property Tax Bill

$792

$735

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

Property Tax Rates Across Exmore, Accomack County, Virginia

Local government entities set tax rates, which can vary widely within a state. This is 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 Exmore’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

Exmore, located in Accomack County, has a property tax rate that is notably lower than the national median. Virginia's median property tax rate is also below the national average, making it an attractive option for property owners. The lower tax rate in Exmore can be an appealing factor for potential homeowners and investors looking for more affordable property tax bills. When considering the overall cost of owning property, understanding these tax rates is crucial. Comparing Exmore’s rates to the national and state medians highlights its potential as a cost-effective location for property investment.

Property Tax Rates Across Exmore, Accomack County, Virginia

Source: Ownwell

0.47%

0.54%

0.62%

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 Exmore Tax Rate

0.60%

Median Effective Accomack County Tax Rate

0.60%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Exmore, Accomack County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23350	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Exmore, Accomack County, Virginia

When examining property taxes in Exmore, 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 Accomack 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 Accomack 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 Exmore. For example, the median home price in Exmore is $132,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Exmore, Accomack County, Virginia

Source: Ownwell

$20,200

$116,150

$212,100

Median Exmore Market Value

$132,000

Median Accomack County Market Value

$110,500

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Exmore, Accomack County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23350	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Exmore, Accomack County, Virginia

In Exmore, located in Accomack County, VA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price here is $132,000, and the property tax bill typically hovers around $785, which is significantly lower than the national median property tax bill of $2,400. This indicates a more affordable tax environment compared to the national average. However, homeowners still need to ensure their property is assessed accurately to avoid overpaying. Factors influencing the tax bill include the home's assessed value and any applicable exemptions. An inaccurate assessment can lead to higher taxes, impacting homeowners' budgets. Ownwell offers a solution by providing expert property tax appeal services. By analyzing local assessment practices and identifying discrepancies, Ownwell helps homeowners potentially lower their tax bills. This service ensures that homeowners pay only their fair share, offering peace of mind and potential savings in an otherwise complex property tax landscape.

Property Tax Bills Across Exmore, Accomack County, Virginia

Source: Ownwell

$120

$718

$1,315

Median Exmore Tax Bill

$785

Median Accomack County Tax Bill

$645

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Exmore, Accomack County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23350	N/A	N/A	N/A	N/A	N/A

Source: Ownwell