Mattaponi, King And Queen County, Virginia Property Taxes
Median Mattaponi, 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 Mattaponi, VA home value: $141,400
Median annual Mattaponi, VA tax bill: $778, $1,622 lower than the national median property tax bill of $2,400.
How are property taxes in King and Queen calculated?
Property taxes in Mattaponi, 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 Mattaponi’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mattaponi, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mattaponi, King And Queen County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.5%
Estimate Property Tax Bill
$1,021
$947
Property Tax Rates Across Mattaponi, 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 Mattaponi’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Mattaponi, located in King and Queen County, boasts a property tax rate of 0.55%, which is significantly lower than the national median property tax rate of 1.02%. This makes it an attractive option for property owners seeking to minimize their tax burden. With the national median property tax bill at $2400, residents in Mattaponi benefit from a more favorable tax environment, potentially allowing for greater financial flexibility. Such a competitive tax rate can make a substantial difference for homeowners, contributing to the appeal of living in this Virginia community.
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 Mattaponi 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
1.02%
Property Tax Rates Across Mattaponi, King And Queen County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23110 | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Mattaponi, King And Queen County, Virginia
When examining property taxes in Mattaponi, 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 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 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 Mattaponi. For example, the median home price in Mattaponi is $141,400, with tax bills ranging significantly across the county. Zip code 23110 has the highest median home price at $141,400.
Property Tax Assessment Values Across Mattaponi, King And Queen County, Virginia
Source: Ownwell
$180,100
$207,625
$235,150
Median Mattaponi Market Value
$204,100
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 Mattaponi, King And Queen County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23110 | $72,920 | $137,600 | $204,100 | $319,800 | $578,120 |
Source: Ownwell
Property Tax Bills Across Mattaponi, King And Queen County, Virginia
In Mattaponi, located in King and Queen County, VA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is meant to reflect the market value, but discrepancies can occur, leading to higher tax bills. Homeowners in this region face a median property tax bill of $778, which is significantly lower than the national median of $2,400. However, tax bills can vary, with the 25th percentile at $539 and the 90th percentile reaching $2,377, indicating a wide range of potential costs for homeowners.
Factors influencing the tax bill include changes in property value, local government budget needs, and any applicable exemptions. These fluctuations can burden homeowners, especially if their property is over-assessed. Here, Ownwell can be a valuable ally, helping homeowners appeal their property tax assessments and secure exemptions. By leveraging local knowledge and expertise, Ownwell ensures homeowners pay only their fair share, potentially saving them hundreds or thousands of dollars annually.
Median Mattaponi Tax Bill
$1,020
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 Mattaponi, King And Queen County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23110 | $365 | $688 | $1,020 | $1,599 | $2,891 |
Source: Ownwell