Boykins, Southampton County, Virginia Property Taxes
Median Boykins, VA effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but equal to the Virginia state median of 0.89%.
Median Boykins, VA home value: $94,800
Median annual Boykins, VA tax bill: $908, $1,492 lower than the national median property tax bill of $2,400.
How are property taxes in Southampton calculated?
Property taxes in Boykins, 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 Boykins’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Boykins, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Boykins, Southampton County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$1,098
$1,019
Property Tax Rates Across Boykins, Southampton 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 Boykins, located in Southampton County, Virginia, the effective property tax rate stands at 0.89%, which is below the national median of 1.02%. This positions Boykins as a favorable location for property owners when compared to the national average. Furthermore, Boykins shares this rate with other areas in Virginia, indicating a uniformity within certain regions of the state. This consistency can be advantageous for homeowners seeking predictability in their annual tax bills. With the national median property tax bill at $2400, it's crucial for property owners in Boykins to understand how their local rates compare. By being informed, they can better navigate their financial planning and potentially explore appealing their property assessments to ensure fair taxation.
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 Boykins Tax Rate
0.71%
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 Southampton County Tax Rate
0.71%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Boykins, Southampton County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23827 | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Boykins, Southampton County, Virginia
When examining property taxes in Boykins, 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 Southampton 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 Southampton 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 Boykins. For example, the median home price in Boykins is $94,800, with tax bills ranging significantly across the county. The zip code 23827 has the highest median home price at $94,800.
Property Tax Assessment Values Across Boykins, Southampton County, Virginia
Source: Ownwell
$148,200
$229,025
$309,850
Median Boykins Market Value
$154,600
Median Southampton County Market Value
$221,200
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Boykins, Southampton County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23827 | $42,700 | $97,625 | $154,600 | $229,175 | $351,600 |
Source: Ownwell
Property Tax Bills Across Boykins, Southampton County, Virginia
In Boykins, Southampton 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 in Boykins is $94,800, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Boykins face a median tax bill of $908, which is significantly lower than the national median of $2,400. However, some residents pay as much as $2,647, reflecting variations in assessed values and property characteristics.
Homeowners in Boykins can benefit from Ownwell's expertise in property tax appeals and exemptions. By reviewing assessments and identifying potential inaccuracies, Ownwell helps homeowners reduce their tax burden. This service not only ensures fair taxation but also provides significant savings, allowing residents to allocate their resources more effectively. With Ownwell's assistance, homeowners can confidently navigate the complexities of property tax assessments and potentially lower their tax bills.
Median Boykins Tax Bill
$1,098
Median Southampton County Tax Bill
$1,561
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Boykins, Southampton County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23827 | $303 | $692 | $1,098 | $1,622 | $2,476 |
Source: Ownwell