Laneview, Essex County, Virginia Property Taxes

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

Median Laneview, VA effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Laneview, VA home value: $181,730
Median annual Laneview, VA tax bill: $1,305, $1,095 lower than the national median property tax bill of $2,400.

How are property taxes in Essex calculated?

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

Last Updated March 1, 2025

Laneview, Essex County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.73%

Estimate Property Tax Bill

$1,282

$1,190

Ownwell’s Laneview Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Laneview with just two data points. By entering your property's estimated assessed value, our calculator applies Laneview’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 Essex County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Laneview, Essex County, Virginia

Local government entities are responsible for setting tax rates, which can vary significantly within a state. The reason for this variance is that each county annually estimates its required budget to provide essential 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, this is essentially the annual process.

In LANEVIEW, located in Essex County, Virginia, the effective property tax rate is a reflection of this process. When comparing LANEVIEW’s effective property tax rate to other cities in Virginia, you can see how it measures up against the median property tax rates in Virginia and the U.S. The national median property tax rate is 1.02%, with a median property tax bill of $2400. Understanding these figures helps property owners in LANEVIEW make informed decisions about their property tax appeals and exemptions. Whether you are a homeowner or an investor, being aware of these rates and how they are determined is crucial for managing your property tax liabilities effectively.

Property Tax Rates Across Laneview, Essex County, Virginia

Source: Ownwell

0.73%

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 Laneview Tax Rate

0.73%

Median Effective Essex County Tax Rate

0.73%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Laneview, Essex County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22504	0.73%	0.73%	0.73%	0.73%	0.73%

Source: Ownwell

Property Tax Assessment Values Across Laneview, Essex County, Virginia

When examining property taxes in Laneview, 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 Essex 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 are sent in Essex County 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 Laneview. For example, the median home price in Laneview is $181,730, with tax bills ranging significantly across the county. Zip code 22504 has the highest median home price at $181,730.

Property Tax Assessment Values Across Laneview, Essex County, Virginia

Source: Ownwell

$120,826

$155,213

$189,600

Median Laneview Market Value

$175,660

Median Essex County Market Value

$160,657

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Laneview, Essex County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22504	$42,540	$94,676	$175,660	$315,895	$511,342

Source: Ownwell

Property Tax Bills Across Laneview, Essex County, Virginia

In Laneview, Essex 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 fluctuates based on the real estate market. With a median home price of $181,730, homeowners in Laneview might expect their tax bills to vary significantly. The 25th percentile tax bill is $741, while the 75th percentile tax bill is $2,378, and the 90th percentile tax bill reaches $3,739. These figures suggest that property taxes in Laneview can be quite burdensome for homeowners, especially compared to the national median property tax bill of $2,400. Ownwell can assist homeowners by analyzing their property assessments to ensure accuracy and identifying potential exemptions or errors that could reduce their tax liabilities. By appealing unfair assessments and leveraging available exemptions, Ownwell helps homeowners potentially save hundreds or even thousands on their property tax bills, thereby easing the financial strain.

Property Tax Bills Across Laneview, Essex County, Virginia

Source: Ownwell

$884

$1,108

$1,332

Median Laneview Tax Bill

$1,243

Median Essex County Tax Bill

$1,174

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Laneview, Essex County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22504	$311	$691	$1,243	$2,306	$3,733

Source: Ownwell