King William, King William County, Virginia Property Taxes
Property Taxes in King William, Virginia
Median King William, Virginia effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median King William, Virginia home value: $238,700
Median annual King William, Virginia tax bill: $1,361, lower than the national median property tax bill of $2,400.
How are property taxes in King William calculated?
Property taxes in King William, 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 King William's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in King William, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
King William, 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
$1,384
$1,285
How Does the King William Property Tax Calculator Work?
Use this King William property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies King William's median effective tax rate of 0.58% — based on actual property records in King William County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies King William'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 King William: rates range from 0.58% in 23086 to 0.58% in 23086, 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 King William.
About King William Property Taxes
About Property Taxes in King William, King William, Virginia
King William’s median effective property tax rate of 0.58% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the King William 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 King William. Homeowners in ZIP code 23086 carry a median effective rate of 0.58%, while those in the same ZIP also pay 0.58%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across King William County. Understanding which part of King William you live in can make a meaningful difference to your annual tax bill.
King William homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 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 King William, King William 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 King William'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 King William 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 King William, King William County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23086 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across King William, King William County, Virginia
When examining property taxes in King William, 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 William County tax 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:
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 King William.
For example, the median home price in King William is $238,700, with tax bills ranging significantly across the county. Zip code 23086 has the highest median home price at $238,700.
Property Tax Assessment Values Across King William, King William County, Virginia
Source: Ownwell
$218,200
$239,425
$260,650
Median King William Market Value
$238,700
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 King William, King William County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23086 | $110,520 | $173,350 | $238,700 | $299,350 | $403,214 |
Source: Ownwell
Property Tax Bills Across King William, King William County, Virginia
Property tax bills in King William are based on the assessed market value of a home, not the purchase price or what a homeowner thinks it is worth. Local taxing authorities apply the county’s tax rate to that assessed value to determine the annual bill. For a home with a median value of $238,700, the amount owed can vary depending on the property’s location, features, and any exemptions or special assessments that may apply.
Homeowners in King William typically see bills that reflect a range of outcomes. The 25th percentile tax bill is $952, while the 75th percentile is $1,700 and the 90th percentile is $2,260. The median tax bill is $1,361, which is below the national median property tax bill of $2,400. When assessed values rise, tax bills can increase even if the homeowner has made no changes to the property.
Property Tax Bills Across King William, King William County, Virginia
Source: Ownwell
$688
$1,100
$1,512
Median King William Tax Bill
$1,361
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 King William, King William County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23086 | $581 | $952 | $1,361 | $1,700 | $2,260 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 3 |
Links | |
|---|---|
| King William Tax Assessor | |
| Website | gis.vgsi.com |