Bumpass, Spotsylvania County, Virginia Property Taxes
Median Bumpass, VA effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Bumpass, VA home value: $395,100
Median annual Bumpass, VA tax bill: $3,049, $649 higher than the national median property tax bill of $2,400.
How are property taxes in Spotsylvania calculated?
Property taxes in Bumpass, 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 Bumpass’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bumpass, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bumpass, Spotsylvania County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$3,401
$3,156
Property Tax Rates Across Bumpass, Spotsylvania County, Virginia
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 Bumpass Tax Rate
0.73%
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 Spotsylvania County Tax Rate
0.73%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bumpass, Spotsylvania County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23024 | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Bumpass, Spotsylvania County, Virginia
When examining property taxes in Bumpass, 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 Spotsylvania 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 Spotsylvania 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 Bumpass. For example, the median home price in Bumpass is $395,100, with tax bills ranging significantly across the county. Zip code 23024 has the highest median home price at $395,100.
Property Tax Assessment Values Across Bumpass, Spotsylvania County, Virginia
Source: Ownwell
$158,200
$529,600
$901,000
Median Bumpass Market Value
$465,850
Median Spotsylvania County Market Value
$345,900
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bumpass, Spotsylvania County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23024 | $95,100 | $237,675 | $465,850 | $769,950 | $1,082,550 |
Source: Ownwell
Property Tax Bills Across Bumpass, Spotsylvania County, Virginia
In Bumpass, Spotsylvania County, VA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value reflects the market value, which is influenced by factors such as location, property size, and improvements. In this region, the property tax rate is lower than the national median, contributing to a median tax bill of $3,049, which is above the national median of $2,400. Homeowners in Bumpass may see tax bills ranging from $1,514 at the 25th percentile to $7,178 at the 90th percentile, depending on their property's assessed value and other factors.
The impact of these taxes on homeowners can be significant, affecting monthly budgets and long-term financial planning. This is where Ownwell can assist homeowners by providing property tax appeal and exemption services. By identifying potential savings and inaccuracies in assessments, Ownwell helps homeowners reduce their tax burden and ensure they are not overpaying. This can lead to substantial savings, making homeownership more affordable and manageable.
Median Bumpass Tax Bill
$3,417
Median Spotsylvania County Tax Bill
$2,533
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Bumpass, Spotsylvania County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23024 | $693 | $1,725 | $3,417 | $5,584 | $7,951 |
Source: Ownwell