Keller, Virginia Property Taxes
The median property tax rate in Keller, VA is 0.60%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $74,200 in Keller, the typical annual property tax bill is $442, well below the national median of $2,690. Property taxes in Keller are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Keller'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 Keller or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Keller, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$445
Ownwell’s Keller Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in Keller using just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Keller to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those curious about neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Keller, Virginia
Property taxes in Keller, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keller is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Keller set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keller 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 Keller's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 23401 has both the highest and lowest median property tax rates in the county, which are also 0.60%. Understanding how these cities compare with Keller provides valuable insights into the varying tax landscape across Accomack County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keller Tax Rate
0.60%
Average Accomack County Tax Rate
0.60%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keller, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23401 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Keller, Virginia
In Keller, 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 Accomack 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 Keller, 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 Keller helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 23401 has both the highest and lowest median tax bills at $442, highlighting the range of property tax burdens in the area.
Average Keller Assessed Value
$74,200
Average Accomack County Assessed Value
$110,500
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keller, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23401 | $28,200 | $45,500 | $74,200 | $123,400 | $144,400 |
Source: Ownwell
Property Tax Bills Across Keller, Virginia
In Keller, Virginia, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $74,200, homeowners can expect their tax bills to vary significantly. In Accomack County, the tax bill at the 25th percentile is $271, while at the 75th percentile, it rises to $734. The 90th percentile tax bill reaches $859. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. The assessed value is typically lower than the market value, providing some relief to homeowners. However, even with these considerations, property taxes can represent a significant expense. Given that the national median property tax rate is 0.99%, Keller's tax rates and assessed values can have a substantial impact on homeowners' financial planning and overall housing affordability.
Average Keller Tax Bill
$442
Average Accomack County Tax Bill
$645
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Keller, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23401 | $168 | $271 | $442 | $734 | $859 |
Source: Ownwell