Cumberland, Cumberland County, Virginia Property Taxes
Median Cumberland, VA effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Cumberland, VA home value: $124,300
Median annual Cumberland, VA tax bill: $931, $1,469 lower than the national median property tax bill of $2,400.
How are property taxes in Cumberland calculated?
Property taxes in Cumberland, 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 Cumberland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cumberland, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cumberland, Cumberland County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$932
$865
Property Tax Rates Across Cumberland, Cumberland 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 Cumberland Tax Rate
0.75%
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 Cumberland County Tax Rate
0.75%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cumberland, Cumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23040 | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Cumberland, Cumberland County, Virginia
When examining property taxes in Cumberland, 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 Cumberland 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 Cumberland 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 Cumberland.
For example, the median home price in Cumberland is $124,300, with tax bills ranging significantly across the county. Zip code 23040 has the highest median home price at $124,300.
Property Tax Assessment Values Across Cumberland, Cumberland County, Virginia
Source: Ownwell
$110,500
$132,020
$153,540
Median Cumberland Market Value
$124,300
Median Cumberland County Market Value
$125,850
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cumberland, Cumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23040 | $36,820 | $73,830 | $124,300 | $187,880 | $271,520 |
Source: Ownwell
Property Tax Bills Across Cumberland, Cumberland County, Virginia
In Cumberland, VA, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value is typically a percentage of the home's market value, which is influenced by factors such as location, property size, and home improvements. In this region, the median home price is $124,300, with tax bills varying significantly. The 25th percentile tax bill is $554, while the 75th percentile reaches $1,419, and the 90th percentile is $2,063. Compared to the national median property tax bill of $2,400, Cumberland homeowners generally pay less, but the impact on their finances can still be substantial.
Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing your property's assessed value and ensuring it aligns with current market conditions, Ownwell helps identify potential savings. With a deep understanding of local tax regulations, Ownwell can effectively lower your property tax bill, ensuring you only pay your fair share and potentially saving you hundreds of dollars annually.
Median Cumberland Tax Bill
$931
Median Cumberland County Tax Bill
$944
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Cumberland, Cumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23040 | $276 | $554 | $931 | $1,419 | $2,063 |
Source: Ownwell