Caroline County, Virginia Property Taxes

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

Median Caroline County effective property tax rate: 0.77%, significantly lower than the national median of 1.02%.
Median Caroline County home value: $198,200
Median annual Caroline County tax bill: $1,559, $841 lower than the national median property tax bill of $2,400.

How are property taxes in Caroline County calculated?

Property taxes in Caroline County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Bowling Green or another part of Caroline County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Caroline County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.77%

Estimate Property Tax Bill

$1,526

$1,416

Ownwell’s Caroline County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Caroline County with just two data points. By entering your property's estimated assessed value, our calculator applies Caroline County’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 more 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 Caroline County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Caroline County, Virginia

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Caroline County's effective property tax rate to other counties in Virginia or the U.S. median property tax rate.

Property Tax Rates Across Caroline County, Virginia

Source: Ownwell

0.77%

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 Caroline County Tax Rate

0.77%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Caroline County, Virginia

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Beaverdam	0.77%	0.77%	0.77%	0.77%	0.77%
Bowling Green	0.77%	0.77%	0.77%	0.77%	0.77%
Champlain	0.77%	0.77%	0.77%	0.77%	0.77%
Doswell	0.77%	0.77%	0.77%	0.77%	0.77%
Fredericksburg	0.77%	0.77%	0.77%	0.77%	0.77%
Hanover	0.77%	0.77%	0.77%	0.77%	0.77%
Milford	0.77%	0.77%	0.77%	0.77%	0.77%
Port Royal	0.77%	0.77%	0.77%	0.77%	0.77%
Rappahannock Academy	0.77%	0.77%	0.77%	0.77%	0.77%
Ruther Glen	0.77%	0.77%	0.77%	0.77%	0.77%
Woodford	0.77%	0.77%	0.77%	0.77%	0.77%
Caret	N/A	N/A	N/A	N/A	N/A
Corbin	N/A	N/A	N/A	N/A	N/A
Fort Walker	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Caroline County, Virginia

When examining property taxes in Caroline County, 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 Caroline 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 Caroline 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 Caroline County.

For example, the median tax bill in Caroline County is $1,940, with tax bills ranging significantly across the county. Fredericksburg has the highest median home price at $251,750.

Property Tax Assessment Values Across Caroline County, Virginia

Source: Ownwell

$174,850

$213,300

$251,750

Median Caroline County Market Value

$198,200

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Caroline County, Virginia

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Beaverdam	$107,950	$153,300	$209,500	$279,050	$405,260
Bowling Green	$101,380	$143,050	$216,600	$290,500	$359,200
Champlain	$57,100	$107,100	$185,200	$218,700	$275,800
Doswell	$94,910	$125,575	$177,600	$267,825	$342,250
Fredericksburg	$117,350	$170,275	$251,750	$332,725	$529,800
Hanover	$96,120	$130,850	$188,200	$250,550	$317,620
Milford	$90,040	$126,500	$182,150	$259,000	$376,180
Port Royal	$106,400	$157,500	$229,500	$370,500	$587,500
Rappahannock Academy	$52,350	$113,225	$174,850	$276,775	$437,700
Ruther Glen	$94,200	$150,425	$198,650	$261,875	$331,800
Woodford	$99,020	$137,000	$191,100	$271,300	$368,700
Caret	N/A	N/A	N/A	N/A	N/A
Corbin	N/A	N/A	N/A	N/A	N/A
Fort Walker	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Caroline County, Virginia

In Caroline County, VA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value, reflecting what the property might sell for under current market conditions. The local tax rate, or millage rate, is then applied to this assessed value to calculate the annual tax bill. Homeowners in Caroline County experience a range of tax bills, with the 25th percentile paying around $1,169 and the 75th percentile facing bills closer to $2,106. At the 90th percentile, tax bills can reach up to $2,714. When compared to the national median property tax bill of $2,400, Caroline County's tax bills are generally lower, offering some relief to homeowners. However, within the region, there's variation, as seen in Fredericksburg, where the highest median tax bill is $1,940, and Doswell, with the lowest at $1,368. This variability highlights the importance of understanding local tax assessments and rates.

Property Tax Bills Across Caroline County, Virginia

Source: Ownwell

$1,368

$1,654

$1,940

Median Caroline County Tax Bill

$1,559

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Caroline County, Virginia

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Beaverdam	$831	$1,180	$1,613	$2,149	$3,121
Bowling Green	$830	$1,126	$1,700	$2,246	$2,773
Champlain	$440	$825	$1,426	$1,684	$2,124
Doswell	$731	$967	$1,368	$2,062	$2,635
Fredericksburg	$936	$1,313	$1,940	$2,567	$4,162
Hanover	$739	$1,006	$1,449	$1,926	$2,422
Milford	$693	$974	$1,403	$1,994	$2,897
Port Royal	$848	$1,216	$1,779	$2,915	$4,542
Rappahannock Academy	$495	$909	$1,466	$2,149	$3,393
Ruther Glen	$979	$1,232	$1,582	$2,062	$2,580
Woodford	$762	$1,055	$1,471	$2,086	$2,835
Caret	N/A	N/A	N/A	N/A	N/A
Corbin	N/A	N/A	N/A	N/A	N/A
Fort Walker	N/A	N/A	N/A	N/A	N/A

Source: Ownwell