Keokee, Lee County, Virginia Property Taxes
Median Keokee, VA effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Keokee, VA home value: $29,350
Median annual Keokee, VA tax bill: $182, $2,218 lower than the national median property tax bill of $2,400.
How are property taxes in Lee County calculated?
Property taxes in Keokee, 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 Keokee’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Keokee, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Keokee, Lee County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$217
$202
Property Tax Rates Across Keokee, Lee County, Virginia
Local government entities set tax rates, which can vary widely within a state. The process involves each county estimating its required budget to provide essential services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This annual process is influenced by votes and laws that help set tax rates and budgets.
In Keokee, located in Lee County, Virginia, the effective property tax rate is 0.62%. This rate is notably lower than the national median property tax rate of 1.02%. When comparing Keokee's rate to other cities in Virginia, it stands out as one of the more affordable options. The median property tax bill in Keokee is also likely to be lower than the national median of $2,400, making it an attractive place for property owners looking to save on taxes. This affordability in property tax rates can be a significant factor for potential homeowners and investors considering Keokee as a viable location for their real estate 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 Keokee Tax Rate
0.74%
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 Lee County Tax Rate
0.74%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Keokee, Lee County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24265 | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Keokee, Lee County, Virginia
When examining property taxes in Keokee, 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 Lee 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 Lee 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 Keokee. For example, the median home price in Keokee is $29,350, with tax bills ranging significantly across the county. Zip code 24265 has the highest median home price at $29,350.
Property Tax Assessment Values Across Keokee, Lee County, Virginia
Source: Ownwell
$16,000
$38,425
$60,850
Median Keokee Market Value
$29,350
Median Lee County Market Value
$50,900
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Keokee, Lee County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24265 | $6,640 | $14,700 | $29,350 | $44,275 | $61,060 |
Source: Ownwell
Property Tax Bills Across Keokee, Lee County, Virginia
Median Keokee Tax Bill
$218
Median Lee County Tax Bill
$380
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Keokee, Lee County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24265 | $49 | $109 | $218 | $332 | $459 |
Source: Ownwell