Keysville, Prince Edward County, Virginia Property Taxes

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

Median Keysville, 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 Keysville, VA home value: $110,100
Median annual Keysville, VA tax bill: $528, $1,872 lower than the national median property tax bill of $2,400.

How are property taxes in Prince Edward calculated?

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

Last Updated March 1, 2025

Keysville, 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

$566

$525

Ownwell’s Keysville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Keysville with just two data points. By entering your property's estimated assessed value, our calculator applies Keysville’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 Keysville, Prince Edward County, Virginia

Local government entities in Virginia set property tax rates, which can vary widely within the state. Each county, including Prince Edward, annually estimates its required budget for services and divides that by the total value of all taxable property within its jurisdiction. This calculation results 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 Keysville, located in Prince Edward County, the effective property tax rate stands at 0.48%, which mirrors the highest and lowest median tax rates within the region. This rate is significantly lower than the national median property tax rate of 1.02%. Comparing Keysville's property tax rate with other cities in Virginia and the national median highlights its relatively favorable position. Lower tax rates can be attractive to property owners, potentially making Keysville an appealing location for those seeking reduced property tax burdens.

Property Tax Rates Across Keysville, 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 Keysville 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 Keysville, Prince Edward County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23947	0.51%	0.51%	0.51%	0.51%	0.51%

Source: Ownwell

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

When examining property taxes in Keysville, 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 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 Keysville. For example, the median home price in Keysville is $110,100, with tax bills ranging significantly across the county. Zip code 23947 has the highest median home price at $110,100.

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

Source: Ownwell

$102,300

$129,300

$156,300

Median Keysville Market Value

$110,900

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 Keysville, Prince Edward County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23947	$27,730	$65,350	$110,900	$164,900	$216,050

Source: Ownwell

Property Tax Bills Across Keysville, Prince Edward County, Virginia

In Keysville, Prince Edward County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. With a median home price of $110,100, homeowners in Keysville experience property tax bills that can range widely. The 25th percentile tax bill is $313, while the 75th percentile reaches $783, and the 90th percentile can go as high as $1,031. The median property tax bill in Keysville stands at $528, which is significantly lower than the national median property tax bill of $2,400. This lower tax bill can be a financial relief for homeowners but understanding the factors that influence property assessments can be complex. Ownwell offers expert property tax appeal and exemption services to help homeowners in Keysville potentially reduce their tax bills. By ensuring that assessments are accurate and fair, Ownwell assists homeowners in navigating the complexities of property taxes, potentially leading to significant savings.

Property Tax Bills Across Keysville, Prince Edward County, Virginia

Source: Ownwell

$522

$657

$791

Median Keysville Tax Bill

$564

Median Prince Edward County Tax Bill

$655

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Keysville, Prince Edward County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23947	$138	$333	$564	$843	$1,103

Source: Ownwell