Property Taxes in Walkerton, Virginia
Median Walkerton, 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 Walkerton, Virginia home value: $199,000
Median annual Walkerton, Virginia tax bill: $995, lower than the national median property tax bill of $2,400.
How are property taxes in King and Queen calculated?
Property taxes in Walkerton, 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 Walkerton's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Walkerton, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Walkerton Property Tax Calculator Work?
Use this Walkerton property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Walkerton'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 assessment authority uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Walkerton'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 Walkerton: rates range from 0.50% in 23177 to 0.50% in 23177, 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 Walkerton.
About Walkerton Property Taxes
About Property Taxes in Walkerton, King and Queen, Virginia
Walkerton'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 Walkerton. Homeowners in the 23177 ZIP code carry a median effective rate of 0.50%, while those in the same ZIP code pay 0.50%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across King and Queen County. Understanding which part of Walkerton you live in can make a meaningful difference to your annual tax bill.
Walkerton 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 Walkerton, 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 Walkerton'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 Walkerton 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 Walkerton, King And Queen County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23177 | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Walkerton, King And Queen County, Virginia
When examining property taxes in Walkerton, 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 are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Walkerton is $199,000, with tax bills ranging significantly across the county. ZIP code 23177 has the highest median home price at $199,000.
Property Tax Assessment Values Across Walkerton, King And Queen County, Virginia
Source: Ownwell
$180,100
$207,625
$235,150
Median Walkerton Market Value
$199,000
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 Walkerton, King And Queen County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23177 | $103,640 | $144,300 | $199,000 | $307,300 | $484,700 |
Source: Ownwell
Property Tax Bills Across Walkerton, King And Queen County, Virginia
Walkerton property tax bills are based on the assessed value of a home and the local tax rate set by King and Queen County. For a home with a median market value of $199,000, the bill is calculated by applying the local property tax rate to that assessed value, which means homeowners with higher-valued homes generally pay more. The amount can also vary depending on exemptions or other local factors that affect the taxable portion of the property.
In Walkerton, the tax bill is not the same for every homeowner. The 25th percentile tax bill is $722, while the 75th percentile is $1,536 and the 90th percentile is $2,424. The median tax bill is $995, and that is also the highest and lowest median tax bill reported for ZIP code 23177. Compared with the national median property tax bill of $2,400, Walkerton homeowners often pay less, which can make local ownership costs more manageable.
Median Walkerton Tax Bill
$995
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 Walkerton, King And Queen County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23177 | $518 | $722 | $995 | $1,536 | $2,424 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 2 |
Links | |
|---|---|
| King and Queen Tax Assessor | |
| Website | eservices.kingandqueenco.net |