Property Taxes in Victoria, Virginia
Median Victoria, 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 Victoria, Virginia home value: $91,950
Median annual Victoria, Virginia tax bill: $302, lower than the national median property tax bill of $2,400.
How are property taxes in Lunenburg calculated?
Property taxes in Victoria, 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 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 April 13, 2026
How Does the Victoria Property Tax Calculator Work?
Use this Victoria property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Victoria'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 process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Victoria'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 Victoria: rates range from $302 in 23974 to $302 in 23974, 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 Victoria.
About Victoria Property Taxes
About Property Taxes in Victoria, Lunenburg, Virginia
Victoria’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 Victoria. Homeowners in the 23974 ZIP code carry a median effective rate of 0.33%, while those in the same ZIP code pay 0.33%. This spread reflects how school district boundaries and local assessment districts are drawn across Lunenburg County. Understanding which part of Victoria you live in can make a meaningful difference to your annual tax bill.
Victoria 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 Victoria, 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 Victoria'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 Ă· 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 Ă· 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 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, 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.
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. For example, the median home price in Victoria is $91,950, with tax bills ranging across the county. ZIP code 23974 has the highest median home price at $91,950.
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
$274,101
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
Victoria property tax bills are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For homeowners in Victoria, the size of the tax bill depends on how much the home is worth, along with any exemptions or local tax rules that affect the final amount.
With a median home price of $91,950, property taxes in Victoria can be relatively modest compared with the national median property tax bill of $2,400. Still, the amount a homeowner pays can vary widely from one property to another. The 25th percentile tax bill is $164, while the 75th percentile is $509 and the 90th percentile reaches $813.
These differences matter because a higher assessed value usually leads to a higher tax bill, which can affect monthly housing costs and long-term affordability for homeowners.
Median Victoria Tax Bill
$302
Median Lunenburg County Tax Bill
$353
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
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
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 31 |
Links | |
|---|---|
| Lunenburg Tax Assessor | |
| Website | lunenburg.cama.concisesystems.com |