Lottsburg, Northumberland County, Virginia Property Taxes
Median Lottsburg, VA effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%. Median Lottsburg, VA home value: $230,700. Median annual Lottsburg, VA tax bill: $1,398, $1,002 lower than the national median property tax bill of $2,400.
How are property taxes in Northumberland calculated?
Property taxes in Lottsburg, 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 Lottsburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lottsburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lottsburg, Northumberland County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$1,407
$1,306
Property Tax Rates Across Lottsburg, Northumberland County, Virginia
Local government entities determine tax rates, which can differ significantly within a state. Annually, each county estimates the budget necessary to provide services and divides it by the total value of all taxable property within its jurisdiction. This method determines the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is essentially the annual process.
In Lottsburg, located in Northumberland County, Virginia, the effective property tax rate stands at 0.61%. This rate is notably lower than the national median property tax rate of 1.02%. The median property tax bill in Lottsburg is also lower compared to the national median of $2400. When comparing Lottsburg's property tax rate to other cities in Virginia, it remains consistent with the state’s median tax rate, offering residents a favorable tax environment. This lower rate can be particularly appealing for property owners seeking to minimize their tax burden while still enjoying the benefits of living in Virginia. By understanding how local tax rates are set and comparing them to national figures, property owners can make informed decisions about where to invest or reside.
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 Lottsburg Tax Rate
0.61%
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
0.61%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lottsburg, Northumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22511 | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Lottsburg, Northumberland County, Virginia
When examining property taxes in Lottsburg, 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 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 Northumberland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Lottsburg. For example, the median home price in Lottsburg is $230,700, with tax bills ranging significantly across the county. Zip code 22511 has the highest median home price at $230,700.
Property Tax Assessment Values Across Lottsburg, Northumberland County, Virginia
Source: Ownwell
$73,600
$201,350
$329,100
Median Lottsburg Market Value
$230,700
Median Northumberland County Market Value
$188,200
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lottsburg, Northumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22511 | $47,040 | $105,300 | $230,700 | $369,300 | $500,920 |
Source: Ownwell
Property Tax Bills Across Lottsburg, Northumberland County, Virginia
Median Lottsburg Tax Bill
$1,398
Median Northumberland County Tax Bill
$1,131
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Lottsburg, Northumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22511 | $278 | $636 | $1,398 | $2,245 | $3,049 |
Source: Ownwell