Onley, Accomack County, Virginia Property Taxes

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

Median Onley, VA effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, and also lower than the Virginia state median of 0.89%.
Median Onley, VA home value: $125,200
Median annual Onley, VA tax bill: $745, $1,655 lower than the national median property tax bill of $2,400.

How are property taxes in Accomack County calculated?

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

Last Updated March 1, 2025

Onley, 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

$751

$697

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

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

Property Tax Rates Across Onley, 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 Onley 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 Onley, Accomack County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23418	0.60%	0.60%	0.60%	0.60%	0.60%

Source: Ownwell

Property Tax Assessment Values Across Onley, Accomack County, Virginia

When examining property taxes in Onley, 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.

Assessment notices: 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 Onley. For example, the median home price in Onley is $125,200, with tax bills ranging significantly across the county. Zip code 23418 has the highest median home price at $125,200.

Property Tax Assessment Values Across Onley, Accomack County, Virginia

Source: Ownwell

$20,200

$116,150

$212,100

Median Onley Market Value

$125,200

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 Onley, Accomack County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23418	$45,940	$79,900	$125,200	$176,000	$222,790

Source: Ownwell

Property Tax Bills Across Onley, Accomack County, Virginia

In Onley, Accomack County, VA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is influenced by factors such as the property's location, size, and condition. With a median home price of $125,200, homeowners in Onley typically face property tax bills ranging from $475 at the 25th percentile to $1,326 at the 90th percentile. This can be compared to the national median property tax bill of $2,400. While Onley’s median tax bill of $745 is lower than the national average, it still represents a significant expense for homeowners. Ownwell can assist homeowners in reducing their property tax bills by identifying potential inaccuracies in the assessed value or ensuring all eligible exemptions are applied. By leveraging expert knowledge and local insights, Ownwell helps homeowners navigate the complexities of property tax appeals, potentially leading to substantial savings on their annual tax bills.

Property Tax Bills Across Onley, Accomack County, Virginia

Source: Ownwell

$120

$718

$1,315

Median Onley Tax Bill

$745

Median Accomack County Tax Bill

$645

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Onley, Accomack County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23418	$273	$475	$745	$1,047	$1,326

Source: Ownwell