Property Taxes in Mascot, Virginia
Median Mascot, Virginia effective property tax rate: 0.50%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Mascot, Virginia home value: $200,300
Median annual Mascot, Virginia tax bill: $1,002, $1,398 lower than the national median property tax bill of $2,400.
How are property taxes in King and Queen calculated?
Property taxes in Mascot, 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 Mascot's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mascot, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the MASCOT Property Tax Calculator Work?
Use this MASCOT property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies MASCOT's median effective tax rate of 0.50% — based on actual property records in King and Queen 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 MASCOT'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 MASCOT: rates range from 0.50% in 23108 to 0.50% in 23108, 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 MASCOT.
About Mascot Property Taxes
About Property Taxes in Mascot, King and Queen, Virginia
Mascot’s median effective property tax rate of 0.50% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the King and Queen 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 Mascot. Homeowners in the 23108 ZIP code carry a median effective rate of 0.50%, while those in the lowest ZIP also pay 0.50%. This spread reflects how school district boundaries and local assessment districts are drawn across King and Queen County. Understanding which part of Mascot you live in can make a meaningful difference to your annual tax bill.
Mascot homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the May 2, 2025 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 Mascot, King And Queen 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 Mascot'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 Mascot Tax Rate
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 County Tax Rate
0.50%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Mascot, King And Queen County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23108 | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Mascot, King And Queen County, Virginia
When examining property taxes in Mascot, 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 King and Queen County assessment office 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 King and Queen County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Mascot.
For example, the median home price in Mascot is $200,300, with tax bills ranging significantly across the county. The median tax bill is $1,002, compared with the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Zip code 23108 has the highest median home price at $200,300.
Property Tax Assessment Values Across Mascot, King And Queen County, Virginia
Source: Ownwell
$180,100
$207,625
$235,150
Median Mascot Market Value
$200,300
Median King And Queen County Market Value
$194,000
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Mascot, King And Queen County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23108 | $112,100 | $146,175 | $200,300 | $269,125 | $338,850 |
Source: Ownwell
Property Tax Bills Across Mascot, King And Queen County, Virginia
Property tax bills in Mascot are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. Local assessors consider factors such as the home’s size, location, condition, and any improvements when determining that value. For homeowners, this means a higher assessed value can lead to a larger tax bill, even if the tax rate stays the same.
In Mascot, the median home price is $200,300, and the median property tax bill is $1,002. That is below the national median property tax bill of $2,400 and also below the national median property tax rate of 1.02%. Tax bills can still vary widely from one homeowner to another, with the 25th percentile at $731 and the 75th percentile at $1,346. For many homeowners, understanding how assessed value affects the final bill is the key to spotting whether their taxes are in line with similar homes.
Median Mascot Tax Bill
$1,002
Median King And Queen County Tax Bill
$970
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Mascot, King And Queen County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23108 | $560 | $731 | $1,002 | $1,346 | $1,694 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 2 |
Links | |
|---|---|
| King and Queen Tax Assessor | |
| Website | eservices.kingandqueenco.net |