Maidens, Virginia Property Taxes
The median property tax rate in Maidens, VA is 0.53%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $429,000 in Maidens, the typical annual property tax bill amounts to $2,182, which is below the national median of $2,690. Property taxes in Maidens are based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Maidens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Maidens or another part of Goochland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maidens, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$2,274
Ownwell’s Maidens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maidens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maidens 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 Maidens, Virginia
Property taxes in Maidens, Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maidens is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within Maidens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maidens 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 Maidens' effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 23102 has the highest median property tax rate of 0.53%, while the lowest median tax rate is also 0.53% in the same zip code. Understanding how these cities compare with Maidens provides valuable insights into the varying tax landscape across Goochland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maidens Tax Rate
0.53%
Average Goochland County Tax Rate
0.53%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maidens, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23102 | 0.45% | 0.53% | 0.53% | 0.53% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Maidens, Virginia
In Maidens, 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 Goochland County Assessor 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 Maidens, 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 Maidens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Maidens both stand at $2,182, specifically in the 23102 zip code.
Average Maidens Assessed Value
$429,000
Average Goochland County Assessed Value
$453,700
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maidens, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23102 | $241,220 | $321,200 | $429,000 | $630,500 | $873,000 |
Source: Ownwell
Property Tax Bills Across Maidens, Virginia
In Maidens, Goochland County, VA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. The tax rate is then applied to this assessed value to calculate the annual property tax bill. For Maidens, the median home price stands at $429,000. Homeowners in this area can expect a wide range of tax bills, with the 25th percentile paying around $1,633 and the 75th percentile reaching up to $3,281. Those in the 90th percentile might see bills as high as $4,474. The highest and lowest median tax bills in Maidens are both $2,182, indicating a relatively consistent tax rate across the region. Compared to the national median property tax rate of 0.99%, Maidens offers a competitive tax environment for homeowners. This affects homeowners by influencing their overall cost of living and potentially impacting their decisions regarding property investments.
Average Maidens Tax Bill
$2,182
Average Goochland County Tax Bill
$2,269
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Maidens, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23102 | $1,183 | $1,633 | $2,182 | $3,281 | $4,474 |
Source: Ownwell