West Point, New Kent County, Virginia Property Taxes
Median West Point, 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 West Point, VA home value: $249,350
Median annual West Point, VA tax bill: $1,670, $730 lower than the national median property tax bill of $2,400.
How are property taxes in New Kent calculated?
Property taxes in West Point, 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 West Point’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in West Point, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
West Point, New Kent County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$1,671
$1,550
Property Tax Rates Across West Point, New Kent County, Virginia
Local government entities set tax rates, which can vary widely within a state. 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 West Point, located in New Kent County, Virginia, the effective property tax rate is notably lower than both the state and national medians. This makes West Point an attractive option for property owners seeking relief from high tax burdens. The effective tax rate in West Point is significantly below the national median of 1.02%. This means that homeowners in West Point could potentially save more on property taxes compared to those residing in other parts of the country.
While Virginia's overall property tax rates are generally lower than many other states, West Point stands out even within Virginia for its favorable tax environment. This can be a compelling factor for potential homeowners considering a move to the area.
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 West Point Tax Rate
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 County Tax Rate
0.67%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across West Point, New Kent County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23181 | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across West Point, New Kent County, Virginia
When examining property taxes in West Point, 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 West Point. For example, the median home price in West Point is $249,350, with tax bills ranging significantly across the county. Zip code 23181 has the highest median home price at $249,350.
Property Tax Assessment Values Across West Point, New Kent County, Virginia
Source: Ownwell
$249,350
$319,725
$390,100
Median West Point Market Value
$249,350
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 West Point, New Kent County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23181 | $143,160 | $189,025 | $249,350 | $298,275 | $350,100 |
Source: Ownwell
Property Tax Bills Across West Point, New Kent County, Virginia
Property tax bills in West Point, Virginia, are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the local assessor's office and is based on various factors, including the property's market value, location, and condition. The median home price in West Point is $249,350, which influences the property tax bill homeowners receive. With a median tax bill of $1,670 in the area, residents pay below the national median property tax bill of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,261 and the 90th percentile reaching $2,322.
Homeowners in West Point can potentially reduce their property tax bills with the help of Ownwell. By providing expert property tax appeal and exemption services, Ownwell assists homeowners in ensuring their property is assessed fairly and accurately. This can result in significant savings, as a successful appeal can lower the assessed value, thereby reducing the tax burden. Partnering with Ownwell can make a substantial difference in managing property tax expenses effectively.
Median West Point Tax Bill
$1,670
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 West Point, New Kent County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23181 | $959 | $1,261 | $1,670 | $1,996 | $2,322 |
Source: Ownwell