Southampton County Property Taxes
The median property tax rate in Southampton is 0.89%, aligning with the Virginia state median but still below the national median of 0.99%. With a median home value of $133,900, the typical annual property tax bill in Southampton is $1,244, which is considerably lower than the national median of $2,690. Property taxes in Southampton are calculated based on the tax assessed value, which typically falls below the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Southampton's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Courtland or another part of Southampton, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Southampton County 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 Southampton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Southampton with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Southampton to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Southampton County, Virginia
Property taxes in Southampton play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Southampton is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Southampton set these rates annually, and they can vary significantly between different areas within the county. Each year, Southampton estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Southampton's effective property tax rate with other counties in Virginia and the national median. For comparison, the city of Boykins has one of the higher property tax rates in Virginia at 0.89%, while the city of Boykins also boasts one of the lowest at 0.89%. Analyzing how Southampton's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Southampton County Tax Rate
0.89%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Southampton County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boykins | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
| Branchville | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
| Capron | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
| Courtland | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
| Drewryville | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
| Emporia | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
| Franklin | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
| Ivor | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
| Newsoms | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
| Sedley | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
| Wakefield | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
| Zuni | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Southampton County, Virginia
In Southampton, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Southampton Appraisal District. The assessed value, however, 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. Assessment notices in Southampton are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Southampton will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Southampton, Wakefield boasts the highest median tax bill at $1,664, while Emporia has the lowest at $798. By understanding these differences, you can better anticipate your own property tax obligations.
Property Tax Assessment Values Across Southampton County, Virginia
Source: Ownwell
$89,300
$139,900
$190,500
Average Southampton County Assessed Value
$133,900
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Southampton County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boykins | $28,420 | $61,200 | $94,800 | $148,200 | $246,980 |
| Branchville | $24,900 | $50,150 | $89,300 | $152,150 | $222,000 |
| Capron | $54,940 | $80,575 | $117,200 | $198,650 | $300,910 |
| Courtland | $63,500 | $101,650 | $151,500 | $214,400 | $295,600 |
| Drewryville | $42,740 | $69,400 | $106,600 | $163,850 | $308,420 |
| Emporia | $28,120 | $59,825 | $90,250 | $152,025 | $278,760 |
| Franklin | $64,500 | $97,600 | $152,950 | $225,825 | $293,630 |
| Ivor | $51,690 | $83,850 | $142,400 | $212,800 | $307,550 |
| Newsoms | $46,300 | $78,200 | $114,000 | $186,675 | $267,450 |
| Sedley | $45,210 | $81,575 | $133,500 | $212,175 | $301,870 |
| Wakefield | $63,040 | $108,800 | $190,500 | $313,700 | $443,980 |
| Zuni | $72,820 | $102,250 | $162,500 | $227,900 | $315,420 |
Source: Ownwell
Property Tax Bills Across Southampton County, Virginia
In Southampton County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the home's market value. Homeowners can expect their tax bills to vary depending on several factors, including the property's location, size, and condition. For example, the median home price in Southampton County is $133,900. Homeowners in the 25th percentile of tax bills pay around $771, while those in the 75th percentile face bills up to $1,939. The highest median tax bill in the county is found in Wakefield at $1,664, whereas the lowest is in Emporia at $798. Compared to the national median property tax rate of 0.99%, Southampton County's tax rates can significantly impact homeowners, particularly those with higher-value properties. Understanding these variables helps homeowners anticipate their financial obligations and plan accordingly.
Average Southampton County Tax Bill
$1,244
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Southampton County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boykins | $231 | $492 | $908 | $1,542 | $2,647 |
| Branchville | $223 | $457 | $815 | $1,455 | $2,061 |
| Capron | $518 | $745 | $1,088 | $1,868 | $2,776 |
| Courtland | $600 | $920 | $1,384 | $2,019 | $2,783 |
| Drewryville | $380 | $618 | $949 | $1,458 | $2,745 |
| Emporia | $216 | $509 | $798 | $1,246 | $2,269 |
| Franklin | $568 | $857 | $1,337 | $1,997 | $2,598 |
| Ivor | $421 | $773 | $1,364 | $2,010 | $3,058 |
| Newsoms | $483 | $755 | $1,178 | $1,835 | $2,535 |
| Sedley | $397 | $723 | $1,186 | $1,883 | $2,691 |
| Wakefield | $545 | $953 | $1,664 | $2,784 | $3,818 |
| Zuni | $636 | $896 | $1,434 | $2,020 | $2,765 |
Source: Ownwell