Property Taxes in Bowling Green, Virginia
Median Bowling Green, Virginia effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Bowling Green, Virginia home value: $221,550
Median annual Bowling Green, Virginia tax bill: $1,738, lower than the national median property tax bill of $2,400.
How are property taxes in Caroline calculated?
Property taxes in Bowling Green, Virginia 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 Bowling Green's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bowling Green, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Bowling Green Property Tax Calculator Work?
Use this Bowling Green property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Bowling Green's median effective tax rate of 0.77% — based on actual property records in Caroline County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Bowling Green's median effective rate across local levies, providing a more accurate estimate than applying a single county rate.
Bowling Green's median effective tax rate is lower than Virginia's 0.90% median and below the national median property tax rate of 1.02%. The median property tax bill is $1,738, which is $662 lower than the state median property tax bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Bowling Green.
About Bowling Green Property Taxes
About Property Taxes in Bowling Green, Caroline, Virginia
Bowling Green's median effective property tax rate of 0.77% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Caroline County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Bowling Green. Homeowners in the 22427 ZIP code carry a median effective rate of 0.77%, while those in the same ZIP also pay 0.77%. This spread reflects how school district boundaries and local assessment districts are drawn across Caroline County. Understanding which part of Bowling Green you live in can make a meaningful difference to your annual tax bill.
Bowling Green homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 2, 2025 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Bowling Green, Caroline County, Virginia
As noted earlier, 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 Bowling Green's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
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 Bowling Green Tax Rate
0.77%
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 Caroline County Tax Rate
0.77%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Bowling Green, Caroline County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22427 | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Bowling Green, Caroline County, Virginia
When examining property taxes in Bowling Green, 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 Caroline 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 Caroline County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Bowling Green.
For example, the median home price in Bowling Green is $221,550, with tax bills ranging significantly across the county. Zip code 22427 has the highest median home price at $221,550.
Property Tax Assessment Values Across Bowling Green, Caroline County, Virginia
Source: Ownwell
$176,100
$216,250
$256,400
Median Bowling Green Market Value
$221,550
Median Caroline County Market Value
$199,900
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Bowling Green, Caroline County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22427 | $100,770 | $143,300 | $221,550 | $290,575 | $359,840 |
Source: Ownwell
Property Tax Bills Across Bowling Green, Caroline County, Virginia
In Bowling Green, property tax bills are based on the assessed value of a home and the local tax rate set by the county and other taxing authorities. When a property’s market value changes, the assessed value can change too, which affects the amount a homeowner owes. For a home with a median value of $221,550, the tax bill is shaped by how that value is assessed and by the rates applied to it.
Property taxes help fund local services, so homeowners should expect their bills to reflect both home value and local budget needs. In Bowling Green, the median tax bill is $1,738, which is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. Bills can still vary widely, with the 25th percentile at $1,135 and the 75th percentile at $2,248. For homeowners, that means even small changes in assessed value or tax rates can have a noticeable impact on annual costs.
Median Bowling Green Tax Bill
$1,738
Median Caroline County Tax Bill
$1,578
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Bowling Green, Caroline County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22427 | $833 | $1,135 | $1,738 | $2,248 | $2,778 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 2 |
Links | |
|---|---|
| Caroline Tax Assessor | |
| Website | caroline.civ.quest |