Stevensville, King And Queen County, Virginia Property Taxes
Median Stevensville, 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 Stevensville, VA home value: $129,000
Median annual Stevensville, VA tax bill: $710, $1,690 lower than the national median property tax bill of $2,400.
How are property taxes in King and Queen calculated?
Property taxes in Stevensville, 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 Stevensville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Stevensville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Stevensville, 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
$985
$914
Property Tax Rates Across Stevensville, King And Queen County, Virginia
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide essential 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 Stevensville’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. With a median property tax rate of 0.55%, Stevensville in King and Queen County stands out for its affordability compared to the national median of 1.02%. This lower rate can significantly benefit homeowners, offering potential savings on annual property tax bills, which can be notably less than the national median of $2,400. Whether you are considering buying property or appealing your current property tax assessment, understanding these rates can be crucial in making informed financial decisions.
Property Tax Rates Across Stevensville, King And Queen County, Virginia
Source: Ownwell
0.50%
0.50%
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 Stevensville 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 Stevensville, King And Queen County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23161 | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Stevensville, King And Queen County, Virginia
When examining property taxes in Stevensville, 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 Stevensville. For example, the median home price in Stevensville is $129,000, with tax bills ranging significantly across the county. The zip code 23161 has the highest median home price at $129,000.
Property Tax Assessment Values Across Stevensville, King And Queen County, Virginia
Source: Ownwell
$180,100
$207,625
$235,150
Median Stevensville Market Value
$197,000
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 Stevensville, King And Queen County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23161 | $86,760 | $135,700 | $197,000 | $328,650 | $578,740 |
Source: Ownwell
Property Tax Bills Across Stevensville, King And Queen County, Virginia
In Stevensville, VA, located in King and Queen County, property tax bills are calculated based on the assessed value of a property. The local tax rate is applied to this assessed value to determine the annual tax bill. With a median home price of $129,000, homeowners in this region face property tax bills that can vary significantly. For instance, the tax bill for the 25th percentile is $529, while the 75th percentile reaches up to $1,208, and the 90th percentile can be as high as $2,079. Compared to the national median property tax bill of $2,400, Stevensville's taxes can be relatively lower, offering some relief to homeowners.
However, these tax bills can still pose a financial challenge. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax burden. By reviewing assessments and identifying discrepancies, Ownwell helps ensure that homeowners are not overpaying on their property taxes, ultimately leading to significant savings.
Property Tax Bills Across Stevensville, King And Queen County, Virginia
Source: Ownwell
$900
$1,038
$1,176
Median Stevensville Tax Bill
$985
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 Stevensville, King And Queen County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23161 | $434 | $678 | $985 | $1,643 | $2,894 |
Source: Ownwell