Burkeville, Prince Edward County, Virginia Property Taxes

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

Median Burkeville, VA effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Burkeville, VA home value: $102,300
Median annual Burkeville, VA tax bill: $491, $1,909 lower than the national median property tax bill of $2,400.

How are property taxes in Prince Edward calculated?

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

Last Updated March 1, 2025

Burkeville, Prince Edward County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.51%

Estimate Property Tax Bill

$522

$484

Ownwell’s Burkeville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Burkeville with just two data points. By entering your property's estimated assessed value, our calculator applies Burkeville’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 Prince Edward County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Burkeville, Prince Edward County, Virginia

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. In Burkeville, located in Prince Edward County, Virginia, property tax rates are notably lower than the national median. This reflects a more favorable tax environment compared to other regions, potentially making it an attractive location for property owners. With a median property tax rate of 0.48%, Burkeville stands out for its relatively low property tax burden. This rate is significantly lower than the national median property tax rate of 1.02%, offering a considerable advantage to homeowners in terms of annual tax savings. By comparing Burkeville’s effective property tax rate to other cities in Virginia and the U.S., potential property owners can make informed decisions about their investments.

Property Tax Rates Across Burkeville, Prince Edward County, Virginia

Source: Ownwell

0.51%

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 Burkeville Tax Rate

0.51%

Median Effective Prince Edward County Tax Rate

0.51%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Burkeville, Prince Edward County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23922	0.51%	0.51%	0.51%	0.51%	0.51%

Source: Ownwell

Property Tax Assessment Values Across Burkeville, Prince Edward County, Virginia

When examining property taxes in Burkeville, 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 Prince Edward 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 Prince Edward County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Burkeville. For example, the median home price in Burkeville is $102,300, with tax bills ranging significantly across the county. Zip code 23922 has the highest median home price at $102,300.

Property Tax Assessment Values Across Burkeville, Prince Edward County, Virginia

Source: Ownwell

$102,300

$129,300

$156,300

Median Burkeville Market Value

$102,300

Median Prince Edward County Market Value

$130,400

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Burkeville, Prince Edward County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23922	$27,820	$63,250	$102,300	$153,700	$202,320

Source: Ownwell

Property Tax Bills Across Burkeville, Prince Edward County, Virginia

In Burkeville, located in Prince Edward County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price here is $102,300. Homeowners in Burkeville typically receive a property tax bill that reflects a range of values, with the 25th percentile at $286 and the 75th percentile at $738. At the 90th percentile, the tax bill can reach up to $971. The highest and lowest median tax bills in the area are both $491, associated with the zip code 23922. Comparatively, the national median property tax rate is 1.02%, with a median tax bill of $2,400. This means that Burkeville residents generally pay less than the national average. Ownwell can assist homeowners in this region by identifying potential savings through property tax appeals and exemptions. By leveraging their expertise, homeowners can ensure they are not overpaying and can potentially reduce their tax obligations, freeing up valuable resources for other financial needs.

Property Tax Bills Across Burkeville, Prince Edward County, Virginia

Source: Ownwell

$522

$657

$791

Median Burkeville Tax Bill

$522

Median Prince Edward County Tax Bill

$655

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Burkeville, Prince Edward County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23922	$125	$287	$522	$778	$1,032

Source: Ownwell

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