Victoria, Lunenburg County, Virginia Property Taxes
Median Victoria, VA effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, and also lower than the Virginia state median of 0.89%.
Median Victoria, VA home value: $72,950
Median annual Victoria, VA tax bill: $278, $2,122 lower than the national median property tax bill of $2,400.
How are property taxes in Lunenburg calculated?
Property taxes in Victoria, 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 Victoria’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Victoria, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Victoria, 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
$303
$282
Property Tax Rates Across Victoria, Lunenburg County, Virginia
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Victoria, located in Lunenburg County, Virginia, the effective property tax rate is notably lower than both the state and national medians. Virginia's median property tax rate is below the national median, offering residents a more favorable tax environment compared to many other states. This makes Victoria an attractive option for property owners seeking lower tax liabilities. When compared to other cities within Virginia, Victoria's tax rate remains competitive, providing an appealing balance between affordability and access to local services.
Understanding these rates and their implications is crucial for property owners looking to optimize their tax situation. By comparing Victoria's effective property tax rate to other cities in Virginia and the median property tax rates in the state and the U.S., potential property owners can make informed decisions about where to invest.
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 Victoria 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 Victoria, Lunenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23974 | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Victoria, Lunenburg County, Virginia
When examining property taxes in Victoria, 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 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 March. 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 Victoria.
For example, the median home price in Victoria is $72,950, with tax bills ranging significantly across the county. Zip code 23974 has the highest median home price at $72,950.
Property Tax Assessment Values Across Victoria, Lunenburg County, Virginia
Source: Ownwell
$91,950
$141,800
$191,650
Median Victoria Market Value
$91,950
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 Victoria, Lunenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23974 | $22,510 | $49,700 | $91,950 | $154,400 | $248,390 |
Source: Ownwell
Property Tax Bills Across Victoria, Lunenburg County, Virginia
Median Victoria Tax Bill
$302
Median Lunenburg County Tax Bill
$353
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Victoria, Lunenburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23974 | $75 | $164 | $302 | $509 | $813 |
Source: Ownwell