Newsoms, Southampton County, Virginia Property Taxes

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

Median Newsoms, VA effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but in line with the Virginia state median of 0.89%. Median Newsoms, VA home value: $114,000. Median annual Newsoms, VA tax bill: $1,178, $1,222 lower than the national median property tax bill of $2,400. How are property taxes in Southampton calculated? Property taxes in Newsoms, 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 Newsoms’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Newsoms, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Newsoms, Southampton County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.89%

Estimate Property Tax Bill

$1,015

$942

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

Property Tax Rates Across Newsoms, Southampton County, Virginia

Local government entities are responsible for setting tax rates, which can vary significantly within Virginia. Each year, counties estimate their required budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. This process, while influenced by votes and laws, is the annual norm. In Newsoms, located in Southampton County, the effective property tax rate stands at 0.89%, which is below the national median of 1.02%. Compared to other cities in Virginia, Newsoms shares this rate, with both the highest and lowest median tax rates in Virginia being 0.89%. This uniformity in the tax rate across the region suggests a stable taxation environment, offering residents predictability in their financial planning. Despite the lower rate compared to the national average, it's essential for property owners in Newsoms to remain informed and proactive in managing their property taxes to ensure they are taking advantage of any potential savings or exemptions available to them.

Property Tax Rates Across Newsoms, Southampton County, Virginia

Source: Ownwell

0.89%

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 Newsoms Tax Rate

0.89%

Median Effective Southampton County Tax Rate

0.89%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Newsoms, Southampton County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23874	0.89%	0.89%	0.89%	0.89%	0.89%

Source: Ownwell

Property Tax Assessment Values Across Newsoms, Southampton County, Virginia

When examining property taxes in Newsoms, 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 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 Newsoms. For example, the median home price in Newsoms is $114,000, with tax bills ranging significantly across the county. Zip code 23874 has the highest median home price at $114,000.

Property Tax Assessment Values Across Newsoms, Southampton County, Virginia

Source: Ownwell

$89,300

$139,900

$190,500

Median Newsoms Market Value

$114,000

Median Southampton County Market Value

$133,900

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Newsoms, Southampton County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23874	$46,300	$78,200	$114,000	$186,675	$267,450

Source: Ownwell

Property Tax Bills Across Newsoms, Southampton County, Virginia

In Newsoms, Southampton County, VA, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor. The median home price in the area is $114,000. Property taxes are then levied using a rate set by the local government. The tax bill can vary significantly, with the 25th percentile at $755 and the 75th percentile at $1,835, while the 90th percentile reaches $2,535. These figures indicate a range of tax burdens for homeowners, depending on the assessed value of their property. Compared to the national median property tax bill of $2,400, many homeowners in Newsoms may find their tax bills to be relatively moderate. However, they can still be a significant expense. Ownwell assists homeowners by identifying potential savings on their property tax bills through appealing their property’s assessed value or securing exemptions. By leveraging expert knowledge and local insights, Ownwell helps ensure homeowners are not overpaying, potentially leading to substantial savings on their annual tax bills.

Property Tax Bills Across Newsoms, Southampton County, Virginia

Source: Ownwell

$798

$1,231

$1,664

Median Newsoms Tax Bill

$1,178

Median Southampton County Tax Bill

$1,244

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Newsoms, Southampton County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23874	$483	$755	$1,178	$1,835	$2,535

Source: Ownwell