Onancock, Accomack County, Virginia Property Taxes

Name: Property Tax Bills Across Onancock, Accomack County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Onancock, 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 Onancock, VA home value: $155,450
Median annual Onancock, VA tax bill: $925, $1,475 lower than the national median property tax bill of $2,400.

How are property taxes in Accomack County calculated?

Property taxes in Onancock, 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 Onancock’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Onancock, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Onancock, Accomack County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.6%

Estimate Property Tax Bill

$933

$866

Ownwell’s Onancock Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Onancock with just two data points. By entering your property's estimated assessed value, our calculator applies Onancock’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Accomack County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Onancock, Accomack County, Virginia

Local government entities are responsible for setting tax rates, and these can differ significantly within a state. Each year, counties determine their budgetary needs to provide essential services and divide this by the total value of all taxable properties in their area, resulting in the property tax rate. Though votes and legislation play a role in determining these rates and budgets, this is the core of the annual process.

In Onancock, located in Accomack County, Virginia, the effective property tax rate is a key metric for homeowners. When compared to other cities within Virginia and the national median, Onancock's rate provides insight into the local tax landscape. While Virginia's median property tax rate is below the national median, this can offer potential savings for property owners in Onancock. Understanding these rates is crucial for homeowners considering property tax appeals or exemptions, as they navigate the financial responsibilities of homeownership.

Property Tax Rates Across Onancock, Accomack County, Virginia

Source: Ownwell

0.47%

0.54%

0.62%

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 Onancock Tax Rate

0.60%

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 Onancock, Accomack County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23417	0.60%	0.60%	0.60%	0.60%	0.60%

Source: Ownwell

Property Tax Assessment Values Across Onancock, Accomack County, Virginia

When examining property taxes in Onancock, VA, 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. Assessment notices: In Accomack County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Onancock. For example, the median home price in Onancock is $155,450, with tax bills ranging significantly across the county. 23417 has the highest median home price at $155,450.

Property Tax Assessment Values Across Onancock, Accomack County, Virginia

Source: Ownwell

$20,200

$116,150

$212,100

Median Onancock Market Value

$155,450

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 Onancock, Accomack County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23417	$36,200	$83,800	$155,450	$250,350	$379,260

Source: Ownwell

Property Tax Bills Across Onancock, Accomack County, Virginia

In Onancock, VA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Onancock is $155,450, significantly lower than the national median. However, the property tax rate in Accomack County is comparable to the national rate, which means homeowners can expect tax bills that vary widely depending on their property's assessed value. For instance, tax bills in the area range from the 25th percentile at $498 to the 90th percentile at $2,257. This variation highlights the importance of accurate property assessments. Homeowners in Onancock may find themselves paying more than necessary if their property's assessed value is higher than its market value. This is where Ownwell can assist. By providing expert property tax appeal and exemption services, Ownwell helps ensure that homeowners are not overpaying on their tax bills. With a focus on reducing tax liabilities, Ownwell empowers homeowners to achieve potential savings and gain financial peace of mind.

Property Tax Bills Across Onancock, Accomack County, Virginia

Source: Ownwell

$120

$718

$1,315

Median Onancock Tax Bill

$925

Median Accomack County Tax Bill

$645

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Onancock, Accomack County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23417	$215	$498	$925	$1,490	$2,257

Source: Ownwell