Manquin, King William County, Virginia Property Taxes

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

Median Manquin, 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 Manquin, VA home value: $233,300. Median annual Manquin, VA tax bill: $1,325, $1,075 lower than the national median property tax bill of $2,400.

How are property taxes in King William calculated?

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

Last Updated March 1, 2025

Manquin, King William County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.58%

Estimate Property Tax Bill

$1,344

$1,248

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

Property Tax Rates Across Manquin, King William County, Virginia

Local government entities determine tax rates, which can differ significantly within a state. This variation arises because each county annually 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 votes and laws play a role in setting tax rates and budgets, this is essentially the annual process. In Manquin, located in King William County, Virginia, the effective property tax rate is 0.58%. This rate is considerably lower than the national median property tax rate of 1.02%. Virginia's property tax rates can vary, but Manquin's rate is indicative of the broader trend in the area. Comparing this to other cities within Virginia and the U.S. highlights how Manquin's rate is quite competitive, offering potential savings for property owners. For residents, this lower rate could mean more manageable property tax bills compared to the national median property tax bill of $2,400.

Property Tax Rates Across Manquin, King William County, Virginia

Source: Ownwell

0.27%

0.43%

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 Manquin Tax Rate

0.58%

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 Manquin, King William County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23106	0.58%	0.58%	0.58%	0.58%	0.58%

Source: Ownwell

Property Tax Assessment Values Across Manquin, King William County, Virginia

When examining property taxes in Manquin, 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 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 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 Manquin. For example, the median home price in Manquin is $233,300, with tax bills ranging significantly across the county. Zip code 23106 has the highest median home price at $233,300.

Property Tax Assessment Values Across Manquin, King William County, Virginia

Source: Ownwell

$218,200

$239,425

$260,650

Median Manquin Market Value

$231,800

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 Manquin, King William County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23106	$122,712	$165,350	$231,800	$309,280	$430,640

Source: Ownwell

Property Tax Bills Across Manquin, King William County, Virginia

In Manquin, located in King William County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this area is $233,300. The property tax rate in Manquin is slightly above the national median, resulting in a median property tax bill of $1,325, which is significantly lower than the national median of $2,400. Homeowners in this area see tax bills ranging from $943 at the 25th percentile to $2,460 at the 90th percentile. Various factors, such as property improvements and market conditions, can influence the assessed value, subsequently affecting the tax bill. Homeowners often find themselves paying more than necessary due to assessment errors or overlooked exemptions. By partnering with Ownwell, homeowners can ensure their property is accurately assessed, potentially reducing their tax burden. Ownwell's expertise in property tax appeals and exemptions can help homeowners achieve significant savings, providing peace of mind and financial relief.

Property Tax Bills Across Manquin, King William County, Virginia

Source: Ownwell

$688

$1,100

$1,512

Median Manquin Tax Bill

$1,325

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 Manquin, King William County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23106	$610	$943	$1,325	$1,783	$2,485

Source: Ownwell