Freeman, Greensville County, Virginia Property Taxes

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

Median Freeman, VA effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Freeman, VA home value: $70,400
Median annual Freeman, VA tax bill: $472, $1,928 lower than the national median property tax bill of $2,400.

How are property taxes in Greensville calculated?

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

Last Updated March 1, 2025

Freeman, Greensville County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.67%

Estimate Property Tax Bill

$483

$448

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

Property Tax Rates Across Freeman, Greensville County, Virginia

Local government entities set tax rates, which can vary widely within a state. 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 Freeman’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

In Freeman, the effective property tax rate is 0.67%, which is significantly lower than the national median property tax rate of 1.02%. This means that homeowners in Freeman enjoy a more favorable tax rate compared to many other parts of the country. The median property tax bill in Freeman is also likely to be lower than the national median of $2,400, providing additional financial relief to property owners. Understanding how these rates compare can help homeowners make informed decisions about property investments and potential savings through property tax appeals or exemptions.

Property Tax Rates Across Freeman, Greensville County, Virginia

Source: Ownwell

0.67%

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 Freeman Tax Rate

0.67%

Median Effective Greensville County Tax Rate

0.67%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Freeman, Greensville County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23856	0.67%	0.67%	0.67%	0.67%	0.67%

Source: Ownwell

Property Tax Assessment Values Across Freeman, Greensville County, Virginia

When examining property taxes in Freeman, 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 Greensville 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 Greensville County, assessment notices are sent 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 Freeman. For example, the median home price in Freeman is $70,400, with tax bills ranging significantly across the county. 23856 has the highest median home price at $70,400.

Property Tax Assessment Values Across Freeman, Greensville County, Virginia

Source: Ownwell

$72,050

$82,825

$93,600

Median Freeman Market Value

$72,050

Median Greensville County Market Value

$84,800

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Freeman, Greensville County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23856	$35,420	$59,050	$72,050	$85,650	$137,540

Source: Ownwell

Property Tax Bills Across Freeman, Greensville County, Virginia

In Freeman, located in Greensville County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is then multiplied by the local property tax rate to determine the annual tax bill. With a median home price of $70,400, homeowners in Freeman typically face a median property tax bill of $472. This is significantly lower than the national median property tax bill of $2,400, reflecting a more affordable cost of living in this region. However, property tax bills can vary widely, with 25th percentile bills at $363 and 90th percentile bills reaching $894. Ownwell can assist homeowners in Freeman by reviewing their property assessments and identifying potential inaccuracies or overvaluations. By filing appeals and seeking exemptions where applicable, Ownwell helps ensure homeowners pay only their fair share, potentially saving them hundreds of dollars annually. This service provides peace of mind and financial relief, allowing homeowners to better manage their budgets.

Property Tax Bills Across Freeman, Greensville County, Virginia

Source: Ownwell

$483

$554

$625

Median Freeman Tax Bill

$483

Median Greensville County Tax Bill

$573

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Freeman, Greensville County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23856	$237	$396	$483	$574	$922

Source: Ownwell