Machipongo, Northampton County, Virginia Property Taxes
Median Machipongo, 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 Machipongo, VA home value: $223,000
Median annual Machipongo, VA tax bill: $1,695, $705 lower than the national median property tax bill of $2,400.
How are property taxes in Northampton County calculated?
Property taxes in Machipongo, 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 Machipongo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Machipongo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Machipongo, Northampton County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.69%
Estimate Property Tax Bill
$2,181
$2,024
Property Tax Rates Across Machipongo, Northampton County, Virginia
Local government entities are responsible for setting tax rates, and these can differ greatly within a state. Each year, counties calculate their necessary budget to provide public services and then divide this by the total assessed value of all taxable properties within their area. This process determines the property tax rate. While there are votes and legislation involved in finalizing tax rates and budgets, this is essentially how the process works annually.
In Machipongo, located in Northampton County, the effective property tax rate is influenced by these local calculations. Compared to other cities in Virginia, Machipongo's tax rate reflects the county's budgetary needs and the total assessed property values. Virginia's median property tax rate is notably below the national median rate of 1.02%, which suggests a relatively lower tax burden for property owners in the state. This comparison highlights the importance of understanding local tax calculations and how they impact property tax bills.
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 Machipongo Tax Rate
0.69%
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
0.69%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Machipongo, Northampton County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23405 | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Machipongo, Northampton County, Virginia
When examining property taxes in Machipongo, 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 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 the season. 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 Machipongo. For example, the median home price in Machipongo is $223,000, with tax bills ranging significantly across the county. Zip code 23405 has the highest median home price at $223,000.
Property Tax Assessment Values Across Machipongo, Northampton County, Virginia
Source: Ownwell
$94,500
$215,725
$336,950
Median Machipongo Market Value
$316,100
Median Northampton County Market Value
$201,300
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Machipongo, Northampton County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23405 | $75,960 | $125,700 | $316,100 | $491,300 | $678,180 |
Source: Ownwell
Property Tax Bills Across Machipongo, Northampton County, Virginia
In Machipongo, Northampton County, VA, property tax bills are determined based on the assessed value of a home, which is influenced by the local real estate market. The median home price in this area is $223,000. Homeowners in Machipongo face a property tax bill that can range significantly, with the 25th percentile at $633 and the 75th percentile at $2,803. The highest median tax bill in the area is $1,695, which is notably below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. These tax bills can impact homeowners' finances, especially if property values increase or if the local tax rate is adjusted.
Ownwell offers valuable assistance to homeowners in Machipongo by providing expert property tax appeal and exemption services. By leveraging our expertise, homeowners can potentially reduce their tax liabilities, ensuring they only pay their fair share. Our services are designed to navigate the complexities of property tax assessments, offering peace of mind and potential savings to homeowners.
Median Machipongo Tax Bill
$2,165
Median Northampton County Tax Bill
$1,379
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Machipongo, Northampton County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23405 | $520 | $861 | $2,165 | $3,365 | $4,646 |
Source: Ownwell