Property Taxes in Farmville, Virginia
Median Farmville, Virginia effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Farmville, Virginia home value: $156,930
Median annual Farmville, Virginia tax bill: $942, lower than the national median property tax bill of $2,400.
How are property taxes in Cumberland calculated?
Property taxes in Farmville, 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 Farmville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Farmville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Farmville Property Tax Calculator Work?
Use this Farmville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Farmville's median effective tax rate of 0.60% — based on actual property records in Cumberland County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Farmville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Farmville: rates range from 0.60% in 23901 to 0.60% in 23901, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Farmville.
About Farmville Property Taxes
About Property Taxes in Farmville, Cumberland, Virginia
Farmville’s median effective property tax rate of 0.60% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Cumberland 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 Farmville. Homeowners in the 23901 ZIP code carry a median effective rate of 0.60%, while those in the lowest ZIP also pay 0.60%. This spread shows how school district boundaries and local assessment districts are drawn across Cumberland County. Understanding which part of Farmville you live in can make a meaningful difference to your annual tax bill.
Farmville homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the March 31, 2028 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 Farmville, Cumberland 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 Farmville'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 Farmville Tax Rate
0.60%
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 Cumberland County Tax Rate
0.60%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Farmville, Cumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23901 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Farmville, Cumberland County, Virginia
When examining property taxes in Farmville, 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 Cumberland 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 Cumberland County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Farmville.
For example, the median home price in Farmville is $156,930, with tax bills ranging significantly across the county. 23901 has the highest median home price at $156,930.
Property Tax Assessment Values Across Farmville, Cumberland County, Virginia
Source: Ownwell
$140,190
$175,455
$210,720
Median Farmville Market Value
$156,930
Median Cumberland County Market Value
$170,330
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Farmville, Cumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23901 | $51,190 | $94,355 | $156,930 | $248,880 | $383,278 |
Source: Ownwell
Property Tax Bills Across Farmville, Cumberland County, Virginia
Farmville property tax bills are calculated by multiplying a home’s assessed value by the local tax rate set by Cumberland County and other taxing authorities. The assessed value is based on the market value of the property, so changes in home values can affect what homeowners owe each year. For many owners, the bill is also shaped by exemptions or special classifications that may lower the taxable amount.
With a median home price of $156,930, the typical tax burden in Farmville is relatively moderate compared with the national median property tax bill of $2,400. The median tax bill in ZIP code 23901 is $942, while bills range from $569 at the 25th percentile to $1,510 at the 75th percentile and $2,328 at the 90th percentile. These differences show how property characteristics and location can create meaningful variation from one homeowner to another.
Median Farmville Tax Bill
$942
Median Cumberland County Tax Bill
$1,019
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Farmville, Cumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23901 | $307 | $569 | $942 | $1,510 | $2,328 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 31 |
Links | |
|---|---|
| Cumberland Tax Assessor | |
| Website | eservices.cumberlandcounty.virginia.gov |