Exmore, Northampton County, Virginia Property Taxes
Median Exmore, VA effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Exmore, VA home value: $104,600
Median annual Exmore, VA tax bill: $795, $1,605 lower than the national median property tax bill of $2,400.
How are property taxes in Northampton calculated?
Property taxes in Exmore, 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 Exmore’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Exmore, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Exmore, Northampton County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$795
$738
Property Tax Rates Across Exmore, Northampton County, Virginia
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 Exmore’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
Exmore, located in Northampton County, has a median property tax rate of 0.76%. This rate is notably lower than the national median property tax rate of 1.02%. Homeowners in Exmore benefit from lower property tax bills, which can be particularly appealing when considering the national median property tax bill of $2400. This lower rate means that homeowners in Exmore can enjoy significant savings compared to many other areas across the country. Whether you're a current homeowner or considering a move to Exmore, understanding these tax rates can play a crucial role in your financial planning and property investment decisions.
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 Exmore Tax Rate
0.76%
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 Northampton County Tax Rate
0.76%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Exmore, Northampton County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23350 | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Exmore, Northampton County, Virginia
When examining property taxes in Exmore, 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 Northampton 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 Northampton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Exmore. For example, the median home price in Exmore is $104,600, with tax bills ranging significantly across the county. Zip code 23350 has the highest median home price at $104,600.
Property Tax Assessment Values Across Exmore, Northampton County, Virginia
Source: Ownwell
$60,900
$167,000
$273,100
Median Exmore Market Value
$104,600
Median Northampton County Market Value
$142,500
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Exmore, Northampton County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23350 | $32,670 | $58,775 | $104,600 | $210,750 | $396,730 |
Source: Ownwell
Property Tax Bills Across Exmore, Northampton County, Virginia
Median Exmore Tax Bill
$795
Median Northampton County Tax Bill
$1,083
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Exmore, Northampton County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23350 | $248 | $447 | $795 | $1,602 | $3,015 |
Source: Ownwell