Property Taxes in Oilville, Virginia
Median Oilville, Virginia effective property tax rate: 0.53%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Oilville, Virginia home value: $615,300
Median annual Oilville, Virginia tax bill: $3,252, higher than the national median property tax bill of $2,400.
How are property taxes in Goochland calculated?
Property taxes in Oilville, 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 Oilville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oilville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the OILVILLE Property Tax Calculator Work?
Use this OILVILLE property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies OILVILLE's median effective tax rate of 0.53% — based on actual property records in Goochland County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies OILVILLE'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 OILVILLE: rates range from 0.53% in 23129 to 0.53% in 23129, 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 OILVILLE.
About Oilville Property Taxes
About Property Taxes in OILVILLE, Goochland, Virginia
OILVILLE’s median effective property tax rate of 0.53% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Goochland 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 OILVILLE. Homeowners in the 23129 ZIP code carry a median effective rate of 0.53%, while those in the lowest ZIP also pay 0.53%. This reflects how school district boundaries and local assessment districts are drawn across Goochland County.
OILVILLE homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill 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 Oilville, Goochland 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 Oilville'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 Oilville Tax Rate
0.53%
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 Goochland County Tax Rate
0.53%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Oilville, Goochland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23129 | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Oilville, Goochland County, Virginia
When examining property taxes in Oilville, 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 Goochland 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 Goochland County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of January.
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 Oilville.
For example, the median home price in Oilville is $615,300, with tax bills ranging significantly across the county. 23129 has the highest median home price at $615,300.
Property Tax Assessment Values Across Oilville, Goochland County, Virginia
Source: Ownwell
$260,250
$554,950
$849,650
Median Oilville Market Value
$615,300
Median Goochland County Market Value
$484,200
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Oilville, Goochland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23129 | $216,260 | $319,500 | $615,300 | $703,200 | $840,520 |
Source: Ownwell
Property Tax Bills Across Oilville, Goochland County, Virginia
Property tax bills in Oilville 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 rises, the assessed value can increase as well, which often leads to a higher tax bill unless exemptions or appeals reduce it. For homeowners, this means taxes can change even if the mortgage stays the same.
In Oilville, the median home price is $615,300, and the median property tax bill is $3,252. That is above the national median property tax bill of $2,400 and reflects how local assessments and tax rates affect what owners pay. Tax bills can vary widely: the 25th percentile is $1,675, while the 75th percentile is $3,722 and the 90th percentile is $4,462. These differences show how location, home value, and assessment outcomes can influence the final bill.
Median Oilville Tax Bill
$3,252
Median Goochland County Tax Bill
$2,439
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Oilville, Goochland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23129 | $1,032 | $1,675 | $3,252 | $3,722 | $4,462 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 17 |
Links | |
|---|---|
| Goochland Tax Assessor | |
| Website | gis.co.goochland.va.us |