Powhatan, Powhatan County, Virginia Property Taxes

Name: Property Tax Bills Across Powhatan, Powhatan County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Powhatan, VA effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Powhatan, VA home value: $287,900
Median annual Powhatan, VA tax bill: $2,345, $55 lower than the national median property tax bill of $2,400.

How are property taxes in Powhatan County calculated?

Property taxes in Powhatan, 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 Powhatan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Powhatan, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Powhatan, Powhatan County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.83%

Estimate Property Tax Bill

$2,390

$2,217

Ownwell’s Powhatan Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Powhatan with just two data points. By entering your property's estimated assessed value, our calculator applies Powhatan’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Powhatan County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Powhatan, Powhatan County, Virginia

Local government entities in Powhatan County are responsible for setting property tax rates, which can differ significantly within Virginia. This variation occurs because each county annually calculates its budget needs to fund essential services and divides this by the total assessed value of all taxable properties within its boundaries. This calculation determines the property tax rate. Although votes and legislation play a role in shaping these rates and budgets, this is the core process followed each year.

In Powhatan, the effective property tax rate can be compared to other cities in Virginia, as well as to the national median. Powhatan's rate stands at 0.83%, which is below the national median property tax rate of 1.02%. This lower rate can be appealing to property owners looking for a more affordable tax environment. While the national median property tax bill is $2,400, Powhatan's rate offers potential savings for homeowners. Understanding these differences can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Powhatan, Powhatan County, Virginia

Source: Ownwell

0.75%

0.79%

0.83%

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 Powhatan Tax Rate

0.83%

Median Effective Powhatan County Tax Rate

0.82%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Powhatan, Powhatan County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23139	0.69%	0.77%	0.83%	0.85%	0.87%

Source: Ownwell

Property Tax Assessment Values Across Powhatan, Powhatan County, Virginia

When examining property taxes in Powhatan, 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 Powhatan 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. Assessment notices: Powhatan 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 Powhatan. For example, the median home price in Powhatan is $287,900, with tax bills ranging significantly across the county. Zip code 23139 has the highest median home price at $287,900.

Property Tax Assessment Values Across Powhatan, Powhatan County, Virginia

Source: Ownwell

$287,900

$406,800

$525,700

Median Powhatan Market Value

$287,900

Median Powhatan County Market Value

$297,850

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Powhatan, Powhatan County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23139	$161,100	$214,750	$287,900	$398,250	$555,900

Source: Ownwell

Property Tax Bills Across Powhatan, Powhatan County, Virginia

In Powhatan, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. With a median home price of $287,900, the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property location, size, and improvements can influence the assessed value, impacting the final tax bill. In Powhatan, the median property tax bill is $2,345, which is slightly below the national median of $2,400. Homeowners in the 25th percentile pay around $1,744, while those in the 75th percentile face bills of approximately $3,128. For those at the 90th percentile, the tax bill can reach up to $4,190.

Ownwell assists homeowners by offering property tax appeal and exemption services, potentially reducing their tax burden. By reviewing assessments and identifying discrepancies, Ownwell can help ensure homeowners are not overpaying. This service can lead to significant savings, making property taxes more manageable for homeowners in Powhatan.

Property Tax Bills Across Powhatan, Powhatan County, Virginia

Source: Ownwell

$2,345

$3,138

$3,930

Median Powhatan Tax Bill

$2,345

Median Powhatan County Tax Bill

$2,424

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Powhatan, Powhatan County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23139	$1,121	$1,744	$2,345	$3,128	$4,190

Source: Ownwell