Aylett, King William County, Virginia Property Taxes
Median Aylett, VA effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Aylett, VA home value: $241,700
Median annual Aylett, VA tax bill: $1,391, $1,009 lower than the national median property tax bill of $2,400.
How are property taxes in King William calculated?
Property taxes in Aylett, 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 Aylett’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Aylett, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Aylett, King William County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.58%
Estimate Property Tax Bill
$1,419
$1,316
Property Tax Rates Across Aylett, King William County, Virginia
Local government entities set tax rates, which can vary widely within a state. 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 Aylett’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
In Aylett, King William County, the median property tax rate stands at 0.58%, which is significantly lower than the national median of 1.02%. This favorable rate positions Aylett as an attractive location for property owners seeking to minimize their tax burden. The consistency in the tax rate across the county, with both the highest and lowest median rates at 0.58%, further highlights the stability within this region. For property owners, understanding these local nuances can lead to substantial savings and a more informed decision-making process when it comes to managing property investments.
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 Aylett Tax Rate
0.58%
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 William County Tax Rate
0.58%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Aylett, King William County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23009 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Aylett, King William County, Virginia
When examining property taxes in Aylett, VA, 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 William 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 William County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Aylett.
For example, the median home price in Aylett is $241,700, with tax bills ranging significantly across the county. Zip code 23009 has the highest median home price at $241,700.
Property Tax Assessment Values Across Aylett, King William County, Virginia
Source: Ownwell
$218,200
$239,425
$260,650
Median Aylett Market Value
$244,600
Median King William County Market Value
$235,800
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Aylett, King William County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23009 | $136,150 | $198,175 | $244,600 | $310,400 | $388,750 |
Source: Ownwell
Property Tax Bills Across Aylett, King William County, Virginia
In Aylett, King William County, VA, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in the area is $241,700, and this value, along with the tax rate, influences the tax bill. Homeowners in this region typically pay a median tax bill of $1,391, which is significantly lower than the national median of $2,400. Factors such as home improvements or changes in market conditions can affect the assessed value, potentially increasing the tax bill. For many, the tax bill ranges from $1,106 at the 25th percentile to $1,749 at the 75th percentile, with a 90th percentile reaching up to $2,205.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing property assessments, Ownwell identifies opportunities to challenge overvaluations, helping homeowners save on their tax bills. This can lead to substantial reductions, ensuring that homeowners only pay their fair share.
Median Aylett Tax Bill
$1,405
Median King William County Tax Bill
$1,258
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Aylett, King William County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23009 | $712 | $1,125 | $1,405 | $1,778 | $2,213 |
Source: Ownwell