Greenbackville, Accomack County, Virginia Property Taxes

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

Median Greenbackville, VA effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Greenbackville, VA home value: $212,100
Median annual Greenbackville, VA tax bill: $1,315, $1,085 lower than the national median property tax bill of $2,400.

How are property taxes in Accomack calculated?

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

Last Updated March 1, 2025

Greenbackville, Accomack County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.62%

Estimate Property Tax Bill

$1,315

$1,220

Ownwell’s Greenbackville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Greenbackville with just two data points. By entering your property's estimated assessed value, our calculator applies Greenbackville’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 Greenbackville, Accomack County, Virginia

Local government entities set tax rates, which can vary widely within a state. This variation stems from the annual process where each county calculates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this calculation forms the core of the annual process. In Greenbackville, located in Accomack County, Virginia, the effective property tax rate is 0.62%. This rate aligns with the highest and lowest median tax rates within the county, indicating a uniformity in property taxation across the area. When compared to the national median property tax rate of 1.02%, Greenbackville's rate is significantly lower, offering potential savings for homeowners. Additionally, the national median property tax bill is $2400, which suggests that residents of Greenbackville could benefit from a lower tax burden relative to the national average. This makes Greenbackville an attractive location for property owners seeking affordability in property taxes.

Property Tax Rates Across Greenbackville, 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 Greenbackville Tax Rate

0.62%

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 Greenbackville, Accomack County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23356	0.62%	0.62%	0.62%	0.62%	0.62%

Source: Ownwell

Property Tax Assessment Values Across Greenbackville, Accomack County, Virginia

When examining property taxes in Greenbackville, Virginia, 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. In Accomack 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 Greenbackville. For example, the median home price in Greenbackville is $212,100, with tax bills ranging significantly across the county. Zip code 23356 has the highest median home price at $212,100.

Property Tax Assessment Values Across Greenbackville, Accomack County, Virginia

Source: Ownwell

$20,200

$116,150

$212,100

Median Greenbackville Market Value

$212,100

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 Greenbackville, Accomack County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23356	$72,300	$139,300	$212,100	$278,600	$353,340

Source: Ownwell

Property Tax Bills Across Greenbackville, Accomack County, Virginia

In Greenbackville, Accomack County, VA, property tax bills are determined based on the assessed value of a home, which is then multiplied by the local tax rate. With a median home price of $212,100, homeowners can expect property tax bills that range significantly, reflecting the diversity in property values and local tax levies. The 25th percentile tax bill is $858, while the 75th percentile reaches $1,727, and the 90th percentile peaks at $2,191. These figures indicate that while some homeowners pay below the national median property tax bill of $2,400, others may experience higher costs. The property tax rate in Greenbackville can vary, impacting how much homeowners ultimately pay. Ownwell assists homeowners by offering property tax appeal services, potentially reducing tax burdens. By analyzing property assessments and identifying discrepancies, Ownwell helps clients secure fairer tax bills, ensuring they do not overpay. This service can be particularly beneficial in areas where tax rates or assessments may be higher than average.

Property Tax Bills Across Greenbackville, Accomack County, Virginia

Source: Ownwell

$120

$718

$1,315

Median Greenbackville Tax Bill

$1,315

Median Accomack County Tax Bill

$645

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Greenbackville, Accomack County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23356	$448	$858	$1,315	$1,727	$2,191

Source: Ownwell