New Kent, New Kent County, Virginia Property Taxes

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

Median New Kent, VA effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median New Kent, VA home value: $338,000
Median annual New Kent, VA tax bill: $2,250, $150 lower than the national median property tax bill of $2,400.

How are property taxes in New Kent calculated?

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

Last Updated March 1, 2025

New Kent, New Kent County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.67%

Estimate Property Tax Bill

$2,265

$2,101

Ownwell’s New Kent Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Kent with just two data points.

By entering your property's estimated assessed value, our calculator applies New Kent’s 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 New Kent County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across New Kent, New Kent County, Virginia

Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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 New Kent’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

Property Tax Rates Across New Kent, New Kent County, Virginia

Source: Ownwell

0.67%

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 New Kent Tax Rate

0.67%

Median Effective New Kent County Tax Rate

0.67%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New Kent, New Kent County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23124	0.67%	0.67%	0.67%	0.67%	0.67%

Source: Ownwell

Property Tax Assessment Values Across New Kent, New Kent County, Virginia

When examining property taxes in New Kent, 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 New Kent 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 New Kent 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 New Kent. For example, the median home price in New Kent is $338,000, with tax bills ranging significantly across the county. Zip code 23124 has the highest median home price at $338,000.

Property Tax Assessment Values Across New Kent, New Kent County, Virginia

Source: Ownwell

$249,350

$319,725

$390,100

Median New Kent Market Value

$338,000

Median New Kent County Market Value

$332,400

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across New Kent, New Kent County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23124	$246,140	$287,600	$338,000	$398,100	$495,520

Source: Ownwell

Property Tax Bills Across New Kent, New Kent County, Virginia

In New Kent, VA, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $338,000, which influences the tax bill homeowners receive. Factors such as property location, size, and improvements can impact the market value assessment. The median property tax bill in New Kent is significantly lower than the national median of $2,400, with the 25th percentile tax bill at $1,903 and the 75th percentile at $2,652. Homeowners in the highest median tax bill zip code, 23124, also experience a median tax bill of $2,250. These tax bills can strain homeowners, especially when they exceed the national median. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing market values and ensuring accurate assessments, Ownwell helps reduce tax burdens, ensuring homeowners pay only their fair share. This service empowers homeowners to manage their property tax expenses effectively.

Property Tax Bills Across New Kent, New Kent County, Virginia

Source: Ownwell

$1,670

$2,117

$2,564

Median New Kent Tax Bill

$2,250

Median New Kent County Tax Bill

$2,199

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across New Kent, New Kent County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23124	$1,535	$1,903	$2,250	$2,652	$3,294

Source: Ownwell