South Prince George, Petersburg County, Virginia Property Taxes
Median South Prince George, VA effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median South Prince George, VA home value: $290,200
Median annual South Prince George, VA tax bill: $3,686, $1,286 higher than the national median property tax bill of $2,400.
How are property taxes in Petersburg calculated?
Property taxes in South Prince George, 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 South Prince George’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in South Prince George, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
South Prince George, Petersburg County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.15%
Estimate Property Tax Bill
$3,672
$3,407
Property Tax Rates Across South Prince George, Petersburg 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 South Prince George, located in Petersburg County, VA, the effective property tax rate stands out when compared to other cities in Virginia. The county's median property tax rate is higher than the national median, indicating a more significant financial contribution from homeowners in this area. This can be attributed to the county's budgeting needs and the value of taxable property within its jurisdiction.
For homeowners in South Prince George, understanding how their property tax rate compares to the state and national medians is crucial for financial planning. With property taxes being a significant annual expense, knowing where you stand can help you make informed decisions about appealing or seeking exemptions.
Property Tax Rates Across South Prince George, Petersburg County, Virginia
Source: Ownwell
0.98%
1.07%
1.15%
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 South Prince George Tax Rate
1.15%
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 Petersburg County Tax Rate
1.05%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across South Prince George, Petersburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23805 | 1.08% | 1.15% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across South Prince George, Petersburg County, Virginia
When examining property taxes in South Prince George, 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 Petersburg 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 Petersburg 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 South Prince George.
For example, the median home price in South Prince George is $290,200, with tax bills ranging significantly across the county. Zip code 23805 has the highest median home price at $290,200.
Property Tax Assessment Values Across South Prince George, Petersburg County, Virginia
Source: Ownwell
$101,800
$210,550
$319,300
Median South Prince George Market Value
$319,300
Median Petersburg County Market Value
$133,600
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across South Prince George, Petersburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23805 | $151,220 | $289,775 | $319,300 | $321,825 | $334,000 |
Source: Ownwell
Property Tax Bills Across South Prince George, Petersburg County, Virginia
Property Tax Bills Across South Prince George, Petersburg County, Virginia
Source: Ownwell
$924
$2,305
$3,686
Median South Prince George Tax Bill
$3,686
Median Petersburg County Tax Bill
$1,321
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across South Prince George, Petersburg County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23805 | $1,647 | $3,345 | $3,686 | $3,715 | $3,856 |
Source: Ownwell