Accomac, Accomack County, Virginia Property Taxes
Median Accomac, VA effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Accomac, VA home value: $80,200
Median annual Accomac, VA tax bill: $477, $1,923 lower than the national median property tax bill of $2,400.
How are property taxes in Accomack calculated?
Property taxes in Accomac, VA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Accomac’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Accomac, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Accomac, Accomack County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$481
$447
Property Tax Rates Across Accomac, Accomack County, Virginia
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Accomac Tax Rate
0.60%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Accomack County Tax Rate
0.60%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Accomac, Accomack County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23301 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Accomac, Accomack County, Virginia
When examining property taxes in Accomac, Virginia, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Accomack County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Accomack County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Accomac.
For example, the median home price in Accomac is $80,200, with tax bills ranging significantly across the county. Zip code 23301 has the highest median home price at $80,200.
Property Tax Assessment Values Across Accomac, Accomack County, Virginia
Source: Ownwell
$20,200
$116,150
$212,100
Median Accomac Market Value
$80,200
Median Accomack County Market Value
$110,500
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Accomac, Accomack County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23301 | $13,100 | $32,000 | $80,200 | $147,300 | $253,060 |
Source: Ownwell
Property Tax Bills Across Accomac, Accomack County, Virginia
In Accomac, Virginia, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which can fluctuate based on the local real estate market and property improvements. Factors such as location, property size, and condition also influence the assessed value. Homeowners in Accomac face a range of tax bills, with the 25th percentile at $190 and the 75th percentile at $876, highlighting the variability in tax burdens. Compared to the national median property tax bill of $2,400, Accomac residents may experience lower property taxes.
Ownwell assists homeowners by identifying opportunities for property tax appeals and exemptions. By analyzing property assessments and market trends, Ownwell can help homeowners challenge overvaluations and secure reductions in their tax bills. This service not only alleviates financial strain but also ensures homeowners pay only their fair share, ultimately leading to significant savings.
Median Accomac Tax Bill
$477
Median Accomack County Tax Bill
$645
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Accomac, Accomack County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23301 | $78 | $190 | $477 | $876 | $1,506 |
Source: Ownwell