Woodford, Spotsylvania County, Virginia Property Taxes
Median Woodford, 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 Woodford, VA home value: $184,700
Median annual Woodford, VA tax bill: $1,417, $983 lower than the national median property tax bill of $2,400.
How are property taxes in Spotsylvania calculated?
Property taxes in Woodford, 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 Woodford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Woodford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Woodford, 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
$1,631
$1,513
Ownwell’s Woodford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Woodford with just two data points.
By entering your property's estimated assessed value, our calculator applies Woodford’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 Woodford, Spotsylvania County, Virginia
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county's annual budget estimation to provide essential services. The budget is divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. Though votes and laws play a role in setting tax rates and budgets, this is the core process.
In Woodford, Virginia, the effective property tax rate is 0.77%, aligning with Spotsylvania County's rate. This rate is below the national median property tax rate of 1.02%, making it an attractive area for property owners. Compared to other cities in Virginia, Woodford's rate is competitive, offering potential savings on property taxes. With the national median property tax bill at $2,400, property owners in Woodford might find their tax obligations more manageable. This lower rate could be a significant factor for those considering purchasing property in the area, as it can lead to substantial long-term savings.
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 Woodford 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 Woodford, Spotsylvania County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22580 | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Woodford, Spotsylvania County, Virginia
When examining property taxes in Woodford, Virginia, 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 March. 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 Woodford. For example, the median home price in Woodford is $184,700, with tax bills ranging significantly across the county. Zip code 22580 has the highest median home price at $184,700.
Property Tax Assessment Values Across Woodford, Spotsylvania County, Virginia
Source: Ownwell
$158,200
$529,600
$901,000
Median Woodford Market Value
$223,400
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 Woodford, Spotsylvania County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22580 | $106,300 | $148,750 | $223,400 | $358,350 | $525,180 |
Source: Ownwell
Property Tax Bills Across Woodford, Spotsylvania County, Virginia
In Woodford, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Woodford, the median property tax bill is $1,417, which is below the national median of $2,400. Factors such as the property's size, location, and any improvements can influence the assessed value, impacting the homeowner's tax bill. For many homeowners, property taxes are a significant expense, and understanding how they are calculated can be crucial for financial planning.
Ownwell can assist homeowners in Woodford by offering professional property tax appeal services. By analyzing the assessed value of a property and comparing it to similar homes, Ownwell can identify potential discrepancies and help homeowners appeal for a fairer assessment. This process can lead to significant savings, reducing the financial burden of property taxes. With expert guidance, homeowners can ensure they are not overpaying and can optimize their property tax bills effectively.
Median Woodford Tax Bill
$1,647
Median Spotsylvania County Tax Bill
$2,533
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Woodford, Spotsylvania County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22580 | $578 | $1,092 | $1,647 | $2,624 | $3,763 |
Source: Ownwell