Fort Walker, Caroline County, Virginia Property Taxes

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

Median FORT WALKER, VA effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median FORT WALKER, VA home value: $449,300
Median annual FORT WALKER, VA tax bill: $3,460, $1,060 higher than the national median property tax bill of $2,400.

How are property taxes in Caroline calculated?

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

Last Updated March 1, 2025

Fort Walker, Caroline County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.77%

Estimate Property Tax Bill

$3,460

$3,210

Ownwell’s Fort Walker Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fort Walker with just two data points.

By entering your property's estimated assessed value, our calculator applies Fort Walker’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 Caroline County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fort Walker, Caroline County, Virginia

Local government entities determine tax rates, which can vary greatly across Virginia. This variation occurs because each county annually estimates its budgetary needs for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core process. In Fort Walker, located in county 51033, Virginia, the effective property tax rate is 0.77%, which is below both the state and national medians. Virginia's median property tax rate is 0.80%, while the national median is 1.02%. This lower rate can be appealing for property owners looking to reduce their tax burden. Additionally, the median property tax bill in Fort Walker is $1,848, which is significantly less than the national median of $2,400. These figures highlight Fort Walker as a potentially attractive location for homeowners seeking to minimize property tax expenses while still enjoying the benefits of local government services.

Property Tax Rates Across Fort Walker, Caroline County, Virginia

Source: Ownwell

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 Fort Walker Tax Rate

0.77%

Median Effective Caroline County Tax Rate

0.77%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fort Walker, Caroline County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22427	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Fort Walker, Caroline County, Virginia

When examining property taxes in Fort Walker, 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 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.

In Caroline 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 Fort Walker.

For example, the median home price in Fort Walker is $449,300, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Fort Walker, Caroline County, Virginia

Source: Ownwell

$174,850

$213,300

$251,750

Median Fort Walker Market Value

$449,300

Median Caroline County Market Value

$198,200

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fort Walker, Caroline County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22427	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Fort Walker, Caroline County, Virginia

In Fort Walker, located in Caroline County, VA, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in this area is $449,300, which plays a significant role in calculating the tax bill. Unlike many regions, where tax bills can vary widely, Fort Walker has a uniform tax bill at different percentiles, with the 25th, 75th, and 90th percentiles all at $3,460. This is notably higher than the national median property tax bill of $2,400. The tax rate in Fort Walker is therefore above the national median of 1.02%, impacting homeowners by increasing their annual expenses. This can be a financial burden, especially when compared to national averages. Ownwell offers a solution by assisting homeowners in appealing their property tax assessments, potentially lowering their tax bills. Our expertise in navigating the appeals process and identifying exemptions can lead to significant savings, making homeownership more affordable in Fort Walker.

Property Tax Bills Across Fort Walker, Caroline County, Virginia

Source: Ownwell

$1,368

$1,654

$1,940

Median Fort Walker Tax Bill

$3,460

Median Caroline County Tax Bill

$1,559

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Fort Walker, Caroline County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22427	N/A	N/A	N/A	N/A	N/A

Source: Ownwell