Property Taxes in Toano, Virginia
Median Toano, Virginia effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Toano, Virginia home value: $397,500
Median annual Toano, Virginia tax bill: $2,939, $539 higher than the national median property tax bill of $2,400.
How are property taxes in James City calculated?
Property taxes in Toano, 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 Toano's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Toano, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Toano Property Tax Calculator Work?
Use this Toano property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Toano's median effective tax rate of 0.78% — based on actual property records in James City 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 Toano'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 Toano: rates range from 0.78% in 23168 to 0.78% in 23168, 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 Toano.
About Toano Property Taxes
About Property Taxes in Toano, James City, Virginia
Toano’s median effective property tax rate of 0.78% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the James City 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 Toano. Homeowners in the 23168 ZIP code carry a median effective rate of 0.78%, while those in the lowest ZIP also pay 0.78%. This spread reflects how school district boundaries and local assessment districts are drawn across James City County. Understanding which part of Toano you live in can make a meaningful difference to your annual tax bill.
Toano 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 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 Toano, James City 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 Toano'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 Toano Tax Rate
0.78%
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 James City County Tax Rate
0.78%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Toano, James City County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23168 | 0.62% | 0.78% | 0.78% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Toano, James City County, Virginia
When examining property taxes in Toano, 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 James City County 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 James City County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.
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 Toano.
For example, the median home price in Toano is $397,500, with tax bills ranging significantly across the county. 23168 has the highest median home price at $397,500.
Property Tax Assessment Values Across Toano, James City County, Virginia
Source: Ownwell
$302,350
$367,275
$432,200
Median Toano Market Value
$397,500
Median James City County Market Value
$409,100
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Toano, James City County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23168 | $223,400 | $295,800 | $397,500 | $514,700 | $633,800 |
Source: Ownwell
Property Tax Bills Across Toano, James City County, Virginia
How are property tax bills calculated in Toano?
Property tax bills in Toano are determined by the assessed value of a home and the local property tax rate set by James City County and other taxing authorities. When a home’s market value rises, the assessed value can increase as well, which can lead to a higher tax bill. Homeowners may also see differences based on exemptions or other local factors that affect the final amount owed.
What affects the amount homeowners pay?
For a home with a median price of $397,500, the property tax bill can vary widely. The 25th percentile tax bill is $2,137, while the 75th percentile is $3,874 and the 90th percentile is $4,795. The median tax bill in ZIP code 23168 is $2,939, which is above the national median property tax bill of $2,400. These differences show how property taxes can affect homeowners unevenly, even within the same city.
Median Toano Tax Bill
$2,939
Median James City County Tax Bill
$3,054
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Toano, James City County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23168 | $1,584 | $2,137 | $2,939 | $3,874 | $4,795 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| James City Tax Assessor | |
| Website | property.jamescitycountyva.gov |