Property Taxes in Yale, Virginia
Median Yale, Virginia effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Yale, Virginia home value: $120,000
Median annual Yale, Virginia tax bill: $571, $1,829 lower than the national median property tax bill of $2,400.
How are property taxes in Sussex calculated?
Property taxes in Yale, Virginia 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 Yale's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Yale, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Yale Property Tax Calculator Work?
Use this Yale property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Yale's median effective tax rate of 0.48% — based on actual property records in Sussex County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Yale's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Yale: rates range from 0.48% in 23897 to 0.48% in 23897, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Yale.
About Yale Property Taxes
About Property Taxes in Yale, Sussex, Virginia
Yale’s median effective property tax rate of 0.48% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Sussex County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Yale. Homeowners in ZIP code 23897 carry a median effective rate of 0.48%, while those in the same ZIP code also pay 0.48%. This reflects how school district boundaries and local assessment districts are drawn across Sussex County. Understanding where you live in Yale can still help you better estimate your annual tax bill.
Yale homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before June 1, 2026.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Yale, Sussex County, Virginia
As noted earlier, 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 Yale's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
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 Yale Tax Rate
0.48%
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 Sussex County Tax Rate
0.48%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Yale, Sussex County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23897 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Yale, Sussex County, Virginia
When examining property taxes in Yale, 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 Sussex 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.
Assessment notices:
In Sussex County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Yale.
For example, the median home price in Yale is $120,000, with tax bills ranging significantly across the county. 23897 has the highest median home price at $120,000.
Property Tax Assessment Values Across Yale, Sussex County, Virginia
Source: Ownwell
$74,950
$133,850
$192,750
Median Yale Market Value
$120,000
Median Sussex County Market Value
$105,550
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Yale, Sussex County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23897 | $26,500 | $56,600 | $120,000 | $198,200 | $366,120 |
Source: Ownwell
Property Tax Bills Across Yale, Sussex County, Virginia
Yale property tax bills are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. Local officials consider factors such as the home’s location, size, condition, and any improvements when determining that value. For homeowners, this means a higher assessed value can lead to a larger tax bill, even if the home has not been sold.
In Yale, the median home price is $120,000, and tax bills can vary widely from one property to another. The 25th percentile tax bill is $271, while the 75th percentile is $948 and the 90th percentile reaches $1,732. That spread shows how differences in assessed value and local tax rates can affect what homeowners owe. The highest and lowest median tax bill in the area is $571 in ZIP code 23897.
Median Yale Tax Bill
$571
Median Sussex County Tax Bill
$502
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Yale, Sussex County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23897 | $125 | $271 | $571 | $948 | $1,732 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Sussex Tax Assessor | |
| Website | eservices.sussexcountyva.gov |