Property Taxes in Drakes Branch, Virginia
Median Drakes Branch, Virginia effective property tax rate: 0.33%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Drakes Branch, Virginia home value: $136,600
Median annual Drakes Branch, Virginia tax bill: $456, $1,944 lower than the national median property tax bill of $2,400.
How are property taxes in Lunenburg calculated?
Property taxes in Drakes Branch, 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 Drakes Branch's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Drakes Branch, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Drakes Branch Property Tax Calculator Work?
Use this Drakes Branch property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Drakes Branch's median effective tax rate of 0.33% — based on actual property records in Lunenburg County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Drakes Branch'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 Drakes Branch: rates range from 0.33% in 23937 to 0.33% in 23937, 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 Drakes Branch.
About Drakes Branch Property Taxes
About Property Taxes in Drakes Branch, Lunenburg, Virginia
Drakes Branch's median effective property tax rate of 0.33% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Lunenburg 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 Drakes Branch. Homeowners in the 23937 ZIP code carry a median effective rate of 0.33%, while those in 23937 pay 0.33%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Lunenburg County. Understanding which part of Drakes Branch you live in can make a meaningful difference to your annual tax bill.
Drakes Branch 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 Drakes Branch, Lunenburg 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 Drakes Branch'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 Drakes Branch Tax Rate
0.33%
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 Lunenburg County Tax Rate
0.33%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Drakes Branch, Lunenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23937 | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Drakes Branch, Lunenburg County, Virginia
When examining property taxes in Drakes Branch, 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 Lunenburg 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 Lunenburg 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. 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 Drakes Branch.
For example, the median home price in Drakes Branch is $136,600, with tax bills ranging significantly across the county. 23937 has the highest median home price at $136,600.
Property Tax Assessment Values Across Drakes Branch, Lunenburg County, Virginia
Source: Ownwell
$91,950
$141,800
$191,650
Median Drakes Branch Market Value
$136,600
Median Lunenburg County Market Value
$105,900
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Drakes Branch, Lunenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23937 | $30,260 | $82,900 | $136,600 | $222,500 | $328,200 |
Source: Ownwell
Property Tax Bills Across Drakes Branch, Lunenburg County, Virginia
Property tax bills in Drakes Branch are based on the assessed value of a home and the local tax rate set by the county and other taxing authorities. When a property’s market value rises, the assessed value can increase too, which may lead to a higher tax bill. Homeowners in Drakes Branch should also consider that exemptions or appeals can affect what they ultimately owe.
The median home price in Drakes Branch is $136,600, and the median property tax bill is $456.00. That is well below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. Tax bills vary across the area, with the 25th percentile at $275, the 75th percentile at $735, and the 90th percentile at $1,083. These differences show how property characteristics and local assessments can affect homeowners’ annual costs.
Median Drakes Branch Tax Bill
$456
Median Lunenburg County Tax Bill
$353
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Drakes Branch, Lunenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23937 | $112 | $275 | $456 | $735 | $1,083 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 31 |
Links | |
|---|---|
| Lunenburg Tax Assessor | |
| Website | lunenburg.cama.concisesystems.com |