Seaboard, Virginia Property Taxes
The median property tax rate in Seaboard, VA is 0.67%, which is lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Seaboard at $99,500, the typical annual property tax bill is $667, significantly below the national median of $2,690. Property taxes in Seaboard are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Seaboard's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Seaboard or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Seaboard, Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,780
Ownwell’s Seaboard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seaboard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seaboard to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Seaboard, Virginia
Property taxes in Seaboard, Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seaboard is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Seaboard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seaboard estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Seaboard's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 27876 has both the highest and lowest median property tax rate of 0.67%. Understanding how these areas compare with Seaboard provides valuable insights into the varying tax landscape across Greensville County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Seaboard Tax Rate
0.67%
Average Greensville County Tax Rate
0.67%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seaboard, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27876 | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Seaboard, Virginia
In Seaboard, Virginia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Greensville County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Seaboard, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Seaboard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 27876 has both the highest and lowest median tax bill at $667.
Average Seaboard Assessed Value
$99,500
Average Greensville County Assessed Value
$83,950
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Seaboard, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27876 | $99,500 | $99,500 | $99,500 | $99,500 | $99,500 |
Source: Ownwell
Property Tax Bills Across Seaboard, Virginia
In Seaboard, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Seaboard is $99,500. Property taxes are then applied at a rate that reflects the local tax policies. For Seaboard, this results in a consistent tax bill across different percentiles, with the 25th, 75th, and 90th percentiles all seeing a tax bill of $667. This uniformity indicates a stable tax environment where homeowners can anticipate their annual property tax expenses without significant fluctuations. Compared to the national median property tax rate of 0.99%, Seaboard's effective tax rate results in a predictable and manageable financial obligation for homeowners. This stability in property tax bills can make budgeting easier and provide a sense of financial security. Homeowners in Seaboard benefit from knowing their property tax responsibilities upfront, which aids in long-term financial planning and homeownership sustainability.
Average Seaboard Tax Bill
$667
Average Greensville County Tax Bill
$563
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Seaboard, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27876 | $667 | $667 | $667 | $667 | $667 |
Source: Ownwell