Hartfield, Virginia Property Taxes
The median property tax rate in Hartfield, VA is 0.61%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Hartfield at $284,750, the typical annual property tax bill reaches $1,709, well below the national median of $2,690. Property taxes in Hartfield are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hartfield'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 Hartfield or another part of Middlesex County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hartfield, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$1,737
Ownwell’s Hartfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hartfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hartfield 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 Hartfield, Virginia
Property taxes in Hartfield, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartfield is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Hartfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hartfield 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 Hartfield's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 23071 has both the highest and lowest median property tax rate of 0.61%. Understanding how these cities compare with Hartfield provides valuable insights into the varying tax landscape across Middlesex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hartfield Tax Rate
0.61%
Average Middlesex County Tax Rate
0.61%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartfield, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23071 | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Hartfield, Virginia
In Hartfield, 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 Middlesex 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 Hartfield, 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 Hartfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1709, found in the 23071 zip code.
Average Hartfield Assessed Value
$284,750
Average Middlesex County Assessed Value
$256,200
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hartfield, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23071 | $122,800 | $174,525 | $284,750 | $444,525 | $714,610 |
Source: Ownwell
Property Tax Bills Across Hartfield, Virginia
In Hartfield, Middlesex County, VA, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor's office. The assessed value is then multiplied by the local property tax rate to arrive at the annual tax bill. For instance, with a median home price of $284,750, homeowners can expect their property tax bill to vary significantly. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. The 25th percentile tax bill in Hartfield is $1,047, while the 75th percentile reaches $2,709, and the 90th percentile can be as high as $4,282. This range demonstrates the variability in tax obligations based on property characteristics and assessed values. For homeowners, understanding these factors is crucial, as property taxes can significantly impact their annual budget. Compared to the national median property tax rate of 0.99%, Hartfield's property taxes can be relatively moderate, but individual circumstances will dictate the exact amount owed.
Average Hartfield Tax Bill
$1,709
Average Middlesex County Tax Bill
$1,538
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartfield, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23071 | $745 | $1,047 | $1,709 | $2,709 | $4,282 |
Source: Ownwell