Colonial Beach, Westmoreland County, Virginia Property Taxes

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

Median Colonial Beach, VA effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Colonial Beach, VA home value: $100,300
Median annual Colonial Beach, VA tax bill: $471, $1,929 lower than the national median property tax bill of $2,400.

How are property taxes in Westmoreland calculated?

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

Last Updated March 1, 2025

Colonial Beach, Westmoreland County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.62%

Estimate Property Tax Bill

$622

$577

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

Property Tax Rates Across Colonial Beach, Westmoreland County, Virginia

Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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. In Colonial Beach, located in Westmoreland County, VA, the effective property tax rate is 0.62%. This is lower than the national median property tax rate of 1.02%, making it an attractive option for property owners. Compared to the national median property tax bill of $2400, residents in Colonial Beach may also enjoy lower annual property tax bills. This favorable tax environment, coupled with the community's charm, makes Colonial Beach a compelling choice for those considering relocation or investment. By understanding how these rates are determined and how they compare to national figures, property owners can make more informed decisions about where to live or invest.

Property Tax Rates Across Colonial Beach, Westmoreland County, Virginia

Source: Ownwell

0.62%

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 Colonial Beach Tax Rate

0.62%

Median Effective Westmoreland County Tax Rate

0.62%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Colonial Beach, Westmoreland County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22443	0.40%	0.40%	0.62%	0.62%	0.79%

Source: Ownwell

Property Tax Assessment Values Across Colonial Beach, Westmoreland County, Virginia

When examining property taxes in Colonial Beach, 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 Westmoreland 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 Westmoreland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Colonial Beach. For example, the median home price in Colonial Beach is $100,300, with tax bills ranging significantly across the county. 22443 has the highest median home price at $100,300.

Property Tax Assessment Values Across Colonial Beach, Westmoreland County, Virginia

Source: Ownwell

$21,700

$133,300

$244,900

Median Colonial Beach Market Value

$100,300

Median Westmoreland County Market Value

$52,550

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Colonial Beach, Westmoreland County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22443	$4,200	$12,500	$100,300	$213,375	$310,250

Source: Ownwell

Property Tax Bills Across Colonial Beach, Westmoreland County, Virginia

In Colonial Beach, located in Westmoreland County, VA, property tax bills are calculated based on the assessed value of a home. This assessed value is multiplied by the local tax rate to determine the tax bill. While the national median property tax rate stands at 1.02%, the tax rate in Colonial Beach can lead to varying tax bills, with the 25th percentile at $97 and the 75th percentile at $1,101. The highest median tax bill in the area is $471, which is significantly lower than the national median property tax bill of $2,400. These tax bills can have a notable impact on homeowners, influencing their financial planning and homeownership costs.

Ownwell offers valuable assistance to homeowners in Colonial Beach by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially lower their tax bills, ensuring they only pay what is fair. This can lead to significant savings, reducing the financial burden and enhancing the overall value of homeownership in the area.

Property Tax Bills Across Colonial Beach, Westmoreland County, Virginia

Source: Ownwell

$129

$824

$1,518

Median Colonial Beach Tax Bill

$471

Median Westmoreland County Tax Bill

$310

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Colonial Beach, Westmoreland County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22443	$17	$97	$471	$1,101	$1,634

Source: Ownwell