Gloucester County Property Taxes
The median property tax rate in Gloucester County is 0.58%, which is significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $281,095, the typical annual property tax bill in Gloucester County is approximately $1,643, well below the national median of $2,690. Property taxes in Gloucester County 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 Gloucester County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Gloucester or another part of Gloucester County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gloucester 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 Gloucester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Gloucester with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Gloucester 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 Gloucester County, Virginia
Property taxes in Gloucester County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Gloucester County is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Gloucester County set these rates annually, and they can vary significantly between different areas within the county. Each year, Gloucester County 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 Gloucester County's effective property tax rate with other counties and the national median. For comparison, the city of Gloucester Point has one of the higher property tax rates in the region at 0.59%, while the city of Ware Neck boasts one of the lowest at 0.58%. Analyzing how Gloucester County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Gloucester County Tax Rate
0.58%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gloucester County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dutton | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Gloucester | 0.58% | 0.58% | 0.58% | 0.58% | 0.59% |
| Gloucester Point | 0.58% | 0.59% | 0.59% | 0.59% | 0.60% |
| Hayes | 0.58% | 0.58% | 0.58% | 0.59% | 0.59% |
| North | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Saluda | 0.58% | 0.58% | 0.58% | 0.58% | 0.59% |
| Ware Neck | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Gloucester County, Virginia
In Gloucester County, 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 Gloucester County 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 Gloucester County 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. The median home price in Gloucester County is $281,095, with tax bills ranging from $1,246 at the 25th percentile to $2,879 at the 90th percentile. Ware Neck has the highest median tax bill at $2,301, while Saluda has the lowest at $1,443. Being aware of these valuation processes in Gloucester County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Gloucester County, Virginia
Source: Ownwell
$245,780
$320,235
$394,690
Average Gloucester County Assessed Value
$281,095
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gloucester County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dutton | $218,872 | $242,995 | $334,760 | $466,715 | $707,966 |
| Gloucester | $140,894 | $215,740 | $282,970 | $375,160 | $489,238 |
| Gloucester Point | $202,380 | $241,725 | $281,050 | $353,085 | $468,530 |
| Hayes | $148,243 | $219,040 | $284,190 | $378,662 | $510,102 |
| North | $143,839 | $218,742 | $286,060 | $343,825 | $411,656 |
| Saluda | $80,244 | $163,575 | $245,780 | $326,075 | $422,145 |
| Ware Neck | $394,690 | $394,690 | $394,690 | $394,690 | $394,690 |
Source: Ownwell
Property Tax Bills Across Gloucester County, Virginia
In Gloucester County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions play a crucial role in determining the assessed value. Homeowners in Gloucester County experience a range of tax bills. The 25th percentile tax bill is around $1,246, while the 75th percentile reaches $2,187. For those in the 90th percentile, tax bills can climb as high as $2,879. By comparison, the highest median tax bill in the region is found in Ware Neck at $2,301, while Saluda has the lowest at $1,443. Understanding these factors is essential for homeowners as property taxes can significantly impact household budgets. With the national median property tax rate at 0.99%, Gloucester County's figures provide a useful benchmark for assessing local tax obligations.
Average Gloucester County Tax Bill
$1,643
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Gloucester County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dutton | $1,215 | $1,383 | $1,851 | $2,721 | $4,127 |
| Gloucester | $764 | $1,242 | $1,649 | $2,190 | $2,864 |
| Gloucester Point | $1,171 | $1,433 | $1,661 | $2,105 | $2,849 |
| Hayes | $834 | $1,273 | $1,669 | $2,241 | $3,020 |
| North | $888 | $1,249 | $1,672 | $2,006 | $2,422 |
| Saluda | $474 | $944 | $1,443 | $1,922 | $2,498 |
| Ware Neck | $2,301 | $2,301 | $2,301 | $2,301 | $2,301 |
Source: Ownwell