Yale, Sussex County, Virginia Property Taxes
Median YALE, VA effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median YALE, VA home value: $118,600
Median annual YALE, VA tax bill: $561, $1,839 lower than the national median property tax bill of $2,400.
How are property taxes in Sussex calculated?
Property taxes in YALE, 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 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 March 1, 2025
Yale, Sussex County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.48%
Estimate Property Tax Bill
$576
$535
Property Tax Rates Across Yale, Sussex County, Virginia
Local government entities are responsible for setting property tax rates, which can vary significantly across Virginia. The process begins with each county estimating its necessary budget for public services. This budget is then divided by the total value of all taxable properties within the county, resulting in the property tax rate. While this process is influenced by votes and legislation, the core calculation remains consistent each year.
Comparing Yale's effective property tax rate to other cities in Virginia highlights its unique position. Yale, located in Sussex County, has an effective property tax rate of 0.48%. This rate is significantly lower than the national median property tax rate of 1.02%. Consequently, property owners in Yale benefit from relatively low property tax bills compared to the national median property tax bill of $2,400. This advantageous tax rate can make Yale an attractive location for property investment and ownership, offering potential cost savings for homeowners and investors alike.
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
1.02%
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.
In Sussex 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 Yale. For example, the median home price in Yale is $118,600, with tax bills ranging significantly across the county. Zip code 23897 has the highest median home price at $118,600.
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
$235,294
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
In Yale, Sussex County, VA, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the local tax assessor and reflects the market value of your property. Homeowners in Yale can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $266 and the 75th percentile reaching $937. The highest median tax bill in the area is $561, which is notably lower than the national median of $2,400. This variation in tax bills is influenced by factors such as property size, location, and improvements.
High property taxes can strain homeowners' budgets, but Ownwell can help ease this burden. Our expert team specializes in property tax appeal services, ensuring your home is assessed fairly. By reviewing your property’s assessment and identifying discrepancies, we can potentially lower your tax bill. With Ownwell's assistance, homeowners in Yale can save significantly on their property taxes, reducing financial stress and allowing them to allocate resources elsewhere.
Median Yale Tax Bill
$571
Median Sussex County Tax Bill
$502
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
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