Weems, Lancaster County, Virginia Property Taxes
Median Weems, VA effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Weems, VA home value: $205,200
Median annual Weems, VA tax bill: $1,267, $1,133 lower than the national median property tax bill of $2,400.
How are property taxes in Lancaster calculated?
Property taxes in Weems, 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 Weems’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Weems, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Weems, Lancaster County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.55%
Estimate Property Tax Bill
$1,756
$1,630
Property Tax Rates Across Weems, Lancaster County, Virginia
Local government entities set property tax rates, and these rates can vary significantly within a state. This variation is due to each county's annual process of estimating the budget needed to provide services and dividing that by the total value of all taxable property in its jurisdiction. This calculation determines the property tax rate for the area. Although the process involves votes and laws, this is essentially how it works each year.
In Weems, located in Lancaster County, Virginia, the effective property tax rate can be compared to other cities in the state and to the national median. The property tax rate in Weems is notably lower than the national median rate of 1.02%, which can mean significant savings for property owners. With the national median property tax bill at $2,400, residents in Weems may find their property tax bills to be more manageable. Comparing these rates can provide valuable insights for homeowners and potential buyers looking to understand their property tax obligations in Weems and how they stack up against those in other regions.
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 Weems Tax Rate
0.55%
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 Lancaster County Tax Rate
0.55%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Weems, Lancaster County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22576 | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Weems, Lancaster County, Virginia
When examining property taxes in Weems, 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 Lancaster 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 Lancaster County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Weems. For example, the median home price in Weems is $205,200, with tax bills ranging significantly across the county. Zip code 22576 has the highest median home price at $205,200.
Property Tax Assessment Values Across Weems, Lancaster County, Virginia
Source: Ownwell
$111,400
$262,750
$414,100
Median Weems Market Value
$319,300
Median Lancaster County Market Value
$297,550
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Weems, Lancaster County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22576 | $80,840 | $138,500 | $319,300 | $693,800 | $1,055,060 |
Source: Ownwell
Property Tax Bills Across Weems, Lancaster County, Virginia
Median Weems Tax Bill
$1,712
Median Lancaster County Tax Bill
$1,442
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Weems, Lancaster County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22576 | $414 | $730 | $1,712 | $3,815 | $5,800 |
Source: Ownwell