Mathews, Mathews County, Virginia Property Taxes

Name: Property Tax Bills Across Mathews, Mathews County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Mathews, VA effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Mathews, VA home value: $238,800
Median annual Mathews, VA tax bill: $1,337, $1,063 lower than the national median property tax bill of $2,400.

How are property taxes in Mathews calculated?

Property taxes in Mathews, 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 Mathews’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mathews, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mathews, Mathews County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.56%

Estimate Property Tax Bill

$1,337

$1,241

Ownwell’s Mathews Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mathews with just two data points. By entering your property's estimated assessed value, our calculator applies Mathews’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Mathews. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mathews, Mathews County, Virginia

Local government entities determine property tax rates, which can significantly differ within a state. This variation occurs because each county annually estimates its budget needs to fund public services and then divides that amount by the total assessed value of all taxable properties in its area. This calculation establishes the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is essentially how the process works each year.

In Mathews, Virginia, the effective property tax rate stands out when compared to other cities within the state and is notably different from the national average. The median property tax rate in Mathews is lower than the national median of 1.02%. This lower rate can be an attractive factor for property owners in the area, potentially reducing the financial burden associated with property ownership.

Understanding the nuances of property tax rates in Mathews can provide valuable insights for homeowners and prospective buyers looking to make informed decisions about property investments in the region.

Property Tax Rates Across Mathews, Mathews County, Virginia

Source: Ownwell

0.56%

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 Mathews Tax Rate

0.56%

Median Effective Mathews County Tax Rate

0.56%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mathews, Mathews County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23109	0.56%	0.56%	0.56%	0.56%	0.56%

Source: Ownwell

Property Tax Assessment Values Across Mathews, Mathews County, Virginia

When examining property taxes in Mathews, 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 Mathews County Assessor's Office 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 Mathews 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 Mathews. For example, the median home price in Mathews is $238,800, with tax bills ranging significantly across the county. The zip code 23109 has the highest median home price at $238,800.

Property Tax Assessment Values Across Mathews, Mathews County, Virginia

Source: Ownwell

$179,500

$268,350

$357,200

Median Mathews Market Value

$238,800

Median Mathews County Market Value

$237,900

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mathews, Mathews County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23109	$77,750	$156,075	$238,800	$430,475	$669,710

Source: Ownwell

Property Tax Bills Across Mathews, Mathews County, Virginia

In Mathews, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as location, property size, and market conditions can influence the assessed value. For homeowners, this means that fluctuations in the real estate market or changes in local tax rates can significantly impact their annual property tax bill. The median home price in Mathews is $238,800, with tax bills ranging from $874 at the 25th percentile to $3,750 at the 90th percentile. This indicates a wide variation in tax burdens across the area. With the national median property tax rate at 1.02%, Mathews homeowners may find their tax rate to be relatively competitive. Ownwell can assist homeowners by providing expert property tax appeal and exemption services, potentially reducing their tax burden and ensuring they are not overpaying.

Property Tax Bills Across Mathews, Mathews County, Virginia

Source: Ownwell

$1,005

$1,503

$2,000

Median Mathews Tax Bill

$1,337

Median Mathews County Tax Bill

$1,332

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Mathews, Mathews County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23109	$435	$874	$1,337	$2,411	$3,750

Source: Ownwell