Kenbridge, Lunenburg County, Virginia Property Taxes
Median KENBRIDGE, VA effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, but lower than the VA state median of 0.89%.
Median KENBRIDGE, VA home value: $81,900
Median annual KENBRIDGE, VA tax bill: $317, $2,083 lower than the national median property tax bill of $2,400.
How are property taxes in Lunenburg calculated?
Property taxes in KENBRIDGE, 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 KENBRIDGE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in KENBRIDGE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Kenbridge, Lunenburg County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.33%
Estimate Property Tax Bill
$348
$323
Property Tax Rates Across Kenbridge, Lunenburg County, Virginia
Local government entities set tax rates, which can vary widely within a state. This is 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.
In Kenbridge, located in Lunenburg County, VA, the effective property tax rate is notably lower than both the state and national medians. This makes Kenbridge an attractive option for property owners seeking relief from high property taxes. With the national median property tax rate at 1.02% and a median property tax bill of $2400, Kenbridge’s rate offers significant savings. This lower rate can enhance the affordability of owning property in Kenbridge, allowing residents to allocate more of their budget to other expenses or investments. Comparing Kenbridge’s rate to other cities in Virginia and the U.S. highlights its competitive advantage in terms of property tax savings.
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 Kenbridge 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
1.02%
Property Tax Rates Across Kenbridge, Lunenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23944 | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Kenbridge, Lunenburg County, Virginia
When examining property taxes in Kenbridge, 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.
In Lunenburg 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 Kenbridge. For example, the median home price in Kenbridge is $81,900, with tax bills ranging significantly across the county. The zip code 23944 has the highest median home price at $81,900.
Property Tax Assessment Values Across Kenbridge, Lunenburg County, Virginia
Source: Ownwell
$91,950
$141,800
$191,650
Median Kenbridge Market Value
$105,550
Median Lunenburg County Market Value
$105,900
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Kenbridge, Lunenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23944 | $23,000 | $54,625 | $105,550 | $181,550 | $286,200 |
Source: Ownwell
Property Tax Bills Across Kenbridge, Lunenburg County, Virginia
Median Kenbridge Tax Bill
$351
Median Lunenburg County Tax Bill
$353
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Kenbridge, Lunenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23944 | $84 | $185 | $351 | $601 | $945 |
Source: Ownwell