Mineral, Spotsylvania County, Virginia Property Taxes

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

Median Mineral, 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 Mineral, VA home value: $406,500
Median annual Mineral, VA tax bill: $3,136, $736 higher than the national median property tax bill of $2,400.

How are property taxes in Spotsylvania calculated?

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

Last Updated March 1, 2025

Mineral, Spotsylvania County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.73%

Estimate Property Tax Bill

$3,485

$3,234

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

Property Tax Rates Across Mineral, Spotsylvania County, Virginia

Local government entities set tax rates, which can vary widely within a state. Why? Because 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. Below, you can compare Mineral’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

Property Tax Rates Across Mineral, Spotsylvania County, Virginia

Source: Ownwell

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 Mineral Tax Rate

0.73%

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 Mineral, Spotsylvania County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23117	0.73%	0.73%	0.73%	0.73%	0.73%

Source: Ownwell

Property Tax Assessment Values Across Mineral, Spotsylvania County, Virginia

When examining property taxes in Mineral, 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 Mineral.

For example, the median home price in Mineral is $406,500, with tax bills ranging significantly across the county. Zip code 23117 has the highest median home price at $406,500.

Property Tax Assessment Values Across Mineral, Spotsylvania County, Virginia

Source: Ownwell

$158,200

$529,600

$901,000

Median Mineral Market Value

$477,350

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 Mineral, Spotsylvania County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23117	$127,660	$292,500	$477,350	$726,450	$1,026,730

Source: Ownwell

Property Tax Bills Across Mineral, Spotsylvania County, Virginia

In Mineral, located in Spotsylvania County, VA, property tax bills are determined by the assessed value of a home, which is a crucial factor for homeowners. The median home price in this area is $406,500, and property taxes are calculated based on this assessment. Homeowners can expect tax bills that vary significantly, with the 25th percentile at $1,860 and the 75th percentile reaching $4,871. For those in the 90th percentile, tax bills can climb as high as $6,823. Notably, the highest and lowest median tax bills in the area both stand at $3,136 in the 23117 zip code. Compared to the national median property tax bill of $2,400, Mineral's rates can be a financial burden for some homeowners. Ownwell offers a solution by providing property tax appeal and exemption services. By leveraging expertise and local knowledge, Ownwell helps homeowners in Mineral potentially reduce their property tax bills, ensuring they pay only their fair share and easing the financial strain.

Property Tax Bills Across Mineral, Spotsylvania County, Virginia

Source: Ownwell

$1,192

$3,904

$6,616

Median Mineral Tax Bill

$3,507

Median Spotsylvania County Tax Bill

$2,533

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Mineral, Spotsylvania County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23117	$916	$2,149	$3,507	$5,316	$7,548

Source: Ownwell