Walkerton, King William County, Virginia Property Taxes
Property Taxes in Walkerton, Virginia
Median Walkerton, 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 Walkerton, Virginia home value: $260,650
Median annual Walkerton, Virginia tax bill: $1,512, $888 lower than the national median property tax bill of $2,400.
How are property taxes in King William 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
Walkerton, 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
$1,512
$1,403
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 the calculator applies Walkerton’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 used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home’s market value. The calculator applies Walkerton’s median effective rate across local levies, giving you a more accurate estimate than using a single county millage rate.
Walkerton’s rate is lower than the Virginia median tax rate of 0.90% and the national median property tax rate of 1.02%. The median property tax bill is $1,512, which is $888 lower than the Virginia median tax bill and below the national median property tax bill of $2,400.
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 William, Virginia
Walkerton’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 Walkerton. Homeowners in the 23177 ZIP code carry a median effective rate of 0.58%, while those in the same ZIP code pay 0.58%. This spread reflects how school district boundaries and local assessment districts are drawn across King William 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 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 Walkerton, 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 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 Ă· 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
0.58%
Our median effective property tax rate (tax bill Ă· 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 Walkerton, King William County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23177 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Walkerton, King William 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 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.
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 month when notices are sent.
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 $260,650, with tax bills ranging significantly across the county. Zip code 23177 has the highest median home price at $260,650.
Property Tax Assessment Values Across Walkerton, King William County, Virginia
Source: Ownwell
$218,200
$239,425
$260,650
Median Walkerton Market Value
$260,650
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 Walkerton, King William County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23177 | $99,730 | $173,025 | $260,650 | $344,800 | $471,750 |
Source: Ownwell
Property Tax Bills Across Walkerton, King William County, Virginia
Property tax bills in Walkerton are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For homeowners, this means the amount owed depends on both what the home is worth and how the property is classified for tax purposes. In King William County, the median home price is $260,650, and the median property tax bill is $1,512.
What a homeowner pays can vary widely. The 25th percentile tax bill is $995, while the 75th percentile is $2,000 and the 90th percentile reaches $2,736. That spread shows how property taxes can differ even among homes in the same area, depending on assessed value and local tax rates.
Because property taxes are tied to home value, a higher assessment can mean a larger bill. For many homeowners, that makes property taxes one of the most important ongoing housing costs to watch closely.
Median Walkerton Tax Bill
$1,512
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 Walkerton, King William County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23177 | $578 | $995 | $1,512 | $2,000 | $2,736 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 3 |
Links | |
|---|---|
| King William Tax Assessor | |
| Website | gis.vgsi.com |