Property Taxes in Farnham, Virginia
Median Farnham, Virginia effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Farnham, Virginia home value: $144,250
Median annual Farnham, Virginia tax bill: $952, lower than the national median property tax bill of $2,400.
How are property taxes in Northumberland calculated?
Property taxes in Farnham, Virginia 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 Farnham's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Farnham, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Farnham Property Tax Calculator Work?
Use this Farnham property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Farnham's median effective tax rate of 0.66% — based on actual property records in Northumberland County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Farnham's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Farnham: rates range from 0.66% in 22460 to 0.66% in 22460, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Farnham.
About Farnham Property Taxes
About Property Taxes in Farnham, Northumberland, Virginia
Farnham’s median effective property tax rate of 0.66% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Northumberland County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Farnham. Homeowners in ZIP code 22460 carry a median effective rate of 0.66%, while those in the same ZIP code pay 0.66%. This spread reflects how school district boundaries and local assessment districts are drawn across Northumberland County. Understanding which part of Farnham you live in can make a meaningful difference to your annual tax bill.
Farnham homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before June 1, 2026.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Farnham, Northumberland County, Virginia
As noted earlier, 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 Farnham's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
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 Farnham Tax Rate
0.66%
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 Northumberland County Tax Rate
0.66%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Farnham, Northumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22460 | 0.61% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Farnham, Northumberland County, Virginia
When examining property taxes in Farnham, 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 Northumberland County assessment 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.
Assessment notices:
In Northumberland County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of November.
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. For example, the median home price in Farnham is $144,250, with tax bills ranging across the county. Zip code 22460 has the highest median home price at $144,250.
Property Tax Assessment Values Across Farnham, Northumberland County, Virginia
Source: Ownwell
$73,600
$201,950
$330,300
Median Farnham Market Value
$144,250
Median Northumberland County Market Value
$189,200
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Farnham, Northumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22460 | $95,830 | $121,525 | $144,250 | $158,375 | $191,570 |
Source: Ownwell
Property Tax Bills Across Farnham, Northumberland County, Virginia
Farnham property tax bills are calculated by applying the local tax rate to the assessed value of a home. The assessed value is based on the market value of the property, and the final bill reflects both the home’s value and the tax rate set by the local taxing authorities. For homeowners in Farnham, this means a higher assessed value can lead to a higher property tax bill, even when the home itself has not changed.
In Northumberland County, the median home price is $144,250, and the median property tax bill in ZIP code 22460 is $952.00. Tax bills can vary widely, with the 25th percentile at $802 and the 75th percentile at $1,045, while the 90th percentile reaches $1,170. Compared with the national median property tax bill of $2,400, Farnham homeowners generally face lower property tax costs, but those bills still have a direct impact on monthly housing expenses and long-term affordability.
Median Farnham Tax Bill
$952
Median Northumberland County Tax Bill
$1,227
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Farnham, Northumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22460 | $632 | $802 | $952 | $1,045 | $1,170 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 5 |
Links | |
|---|---|
| Northumberland Tax Assessor | |
| Website | northumberland.cama.concisesystems.com |