Colonial Beach, King George County, Virginia Property Taxes

Name: Property Tax Bills Across Colonial Beach, King George County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Colonial Beach, VA effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Colonial Beach, VA home value: $268,100
Median annual Colonial Beach, VA tax bill: $1,823, $577 lower than the national median property tax bill of $2,400.

How are property taxes in King George calculated?

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

Last Updated March 1, 2025

Colonial Beach, King George County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$1,823

$1,692

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

Property Tax Rates Across Colonial Beach, King George County, Virginia

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 Colonial Beach’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Colonial Beach in King George County boasts a property tax rate of 0.68%, which is notably lower than the national median rate of 1.02%. This lower rate can result in significant savings for property owners in the area. When compared to other cities in Virginia, Colonial Beach's rate is competitive, offering residents a financial advantage. The median property tax bill in the area is also below the national average of $2,400, providing further financial relief. This makes Colonial Beach an attractive option for those looking to minimize their property tax expenses while enjoying the benefits of living in a vibrant community.

Property Tax Rates Across Colonial Beach, King George County, Virginia

Source: Ownwell

0.68%

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 Colonial Beach Tax Rate

0.68%

Median Effective King George County Tax Rate

0.68%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Colonial Beach, King George County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22443	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Colonial Beach, King George County, Virginia

When examining property taxes in Colonial Beach, 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 George 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 George 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 Colonial Beach. For example, the median home price in Colonial Beach is $268,100, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Colonial Beach, King George County, Virginia

Source: Ownwell

$357,400

Median Colonial Beach Market Value

$268,100

Median King George County Market Value

$357,400

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Colonial Beach, King George County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22443	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Colonial Beach, King George County, Virginia

In Colonial Beach, located in King George County, VA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is used to calculate the property tax bill by applying the local tax rate. This rate is determined by local government budgets and needs. With a median home price of $268,100, homeowners in this area can expect their property tax bills to vary. For example, those in the 25th percentile may pay around $1,392, while those in the 75th percentile might see bills closer to $2,217. The 90th percentile tax bill is approximately $2,384, which is slightly below the national median of $2,400. These variations can significantly affect homeowners' financial planning. Ownwell offers valuable services to help homeowners potentially lower their property tax bills by appealing their assessed values or securing exemptions. By working with experts, homeowners can ensure they are not overpaying and can make the most of their financial resources.

Property Tax Bills Across Colonial Beach, King George County, Virginia

Source: Ownwell

$2,400

Median Colonial Beach Tax Bill

$1,823

Median King George County Tax Bill

$2,400

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Colonial Beach, King George County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22443	N/A	N/A	N/A	N/A	N/A

Source: Ownwell