King And Queen Court House, King And Queen County, Virginia Property Taxes

Name: Property Tax Bills Across King And Queen Court House, King And Queen County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median KING AND QUEEN COURT HOUSE, VA effective property tax rate: 0.55%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median KING AND QUEEN COURT HOUSE, VA home value: $161,300
Median annual KING AND QUEEN COURT HOUSE, VA tax bill: $887, $1,513 lower than the national median property tax bill of $2,400.

How are property taxes in King and Queen County calculated?

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

Last Updated March 1, 2025

King And Queen Court House, King And Queen County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.5%

Estimate Property Tax Bill

$1,073

$995

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

Property Tax Rates Across King And Queen Court House, King And Queen County, Virginia

Local government entities set tax rates, which can vary widely within a state. The reason for this is that each county estimates its required budget to provide services annually 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.

In King and Queen Court House, located in King and Queen County, VA, the effective property tax rate is a notable point of interest. Compared to other cities within Virginia, King and Queen Court House maintains a consistent rate. The median property tax rate here aligns with the highest and lowest rates in the area, reflecting a uniform approach to property taxation. When compared to the national median property tax rate of 1.02%, King and Queen Court House's rate is considerably lower, offering residents a financial advantage. This comparison highlights the variability in property tax rates across different regions and underscores the importance of understanding local tax policies when considering property ownership.

Property Tax Rates Across King And Queen Court House, King And Queen County, Virginia

Source: Ownwell

0.50%

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 King And Queen Court House Tax Rate

0.50%

Median Effective King And Queen County Tax Rate

0.50%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across King And Queen Court House, King And Queen County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23085	0.50%	0.50%	0.50%	0.50%	0.50%

Source: Ownwell

Property Tax Assessment Values Across King And Queen Court House, King And Queen County, Virginia

When examining property taxes in King and Queen Court House, 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 King and Queen 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 King and Queen County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 King and Queen Court House. For example, the median home price in King and Queen Court House is $161,300, with tax bills ranging significantly across the county. Zip code 23085 has the highest median home price at $161,300.

Property Tax Assessment Values Across King And Queen Court House, King And Queen County, Virginia

Source: Ownwell

$180,100

$207,625

$235,150

Median King And Queen Court House Market Value

$214,500

Median King And Queen County Market Value

$194,000

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across King And Queen Court House, King And Queen County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23085	$83,970	$134,475	$214,500	$345,525	$506,290

Source: Ownwell

Property Tax Bills Across King And Queen Court House, King And Queen County, Virginia

In King and Queen Court House, VA, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. For homeowners in this area, the median home price is $161,300, which results in a median tax bill of $887. This is significantly lower than the national median property tax bill of $2,400, offering a financial advantage to residents. However, tax bills can vary significantly, with the 25th percentile at $544 and the 90th percentile reaching $2,216. Homeowners can potentially lower their tax bills by ensuring their property is accurately assessed and taking advantage of available exemptions. That's where Ownwell comes in. By offering expert property tax appeal and exemption services, Ownwell helps homeowners ensure they are not overpaying on their property taxes, potentially saving them hundreds of dollars annually.

Property Tax Bills Across King And Queen Court House, King And Queen County, Virginia

Source: Ownwell

$900

$1,038

$1,176

Median King And Queen Court House Tax Bill

$1,072

Median King And Queen County Tax Bill

$970

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across King And Queen Court House, King And Queen County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23085	$420	$672	$1,072	$1,728	$2,531

Source: Ownwell