Essex County Property Taxes
The median property tax rate in Essex County is 0.73%, which is significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Essex County, the typical annual property tax bill reaches $1,202, which is well below the national median of $2,690. Property taxes in Essex County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Essex County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Tappahannock or another part of Essex County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Essex County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,203
Ownwell’s Essex Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Essex with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Essex to provide an accurate estimate of your property tax bill. This insight helps you understand potential tax liabilities, making financial planning easier. For more localized information, scroll down to explore city-level trends. Your property’s assessed value, determined by the county, is crucial for these calculations and includes any applicable exemptions.
Property Tax Rates Across Essex County, Virginia
Property taxes in Essex County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Essex County is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Essex County set these rates annually, and they can vary significantly between different areas within the county. Each year, Essex County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Bowling Green has one of the higher property tax rates in Virginia at 0.73%, while the city of Bruington boasts one of the lowest at 0.73%. Analyzing how Essex County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Essex County Tax Rate
0.73%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Essex County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bowling Green | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Bruington | 0.66% | 0.71% | 0.73% | 0.73% | 0.73% |
| Caret | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Center Cross | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Champlain | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Dunnsville | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Hustle | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Laneview | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Loretto | 0.65% | 0.73% | 0.73% | 0.73% | 0.73% |
| Millers Tavern | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Saint Stephens Church | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Tappahannock | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Essex County, Virginia
In Essex County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Essex County Appraisal District. The assessed value, however, 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. Assessment notices in Essex County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Loretto has the highest median tax bill at $1,455, while Bowling Green has the lowest at $456. Being aware of these valuation processes in Essex County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Essex County Assessed Value
$164,800
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Essex County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bowling Green | $34,246 | $44,815 | $62,430 | $80,045 | $90,614 |
| Bruington | $131,510 | $175,025 | $210,950 | $223,700 | $225,500 |
| Caret | $48,985 | $92,134 | $138,564 | $208,975 | $297,494 |
| Center Cross | $39,455 | $120,570 | $173,200 | $264,150 | $408,720 |
| Champlain | $38,294 | $78,232 | $138,182 | $246,500 | $446,576 |
| Dunnsville | $33,414 | $104,512 | $160,800 | $240,916 | $417,692 |
| Hustle | $33,282 | $73,625 | $130,400 | $182,380 | $260,476 |
| Laneview | $43,689 | $101,470 | $181,730 | $337,650 | $512,156 |
| Loretto | $82,140 | $126,650 | $211,509 | $351,242 | $519,083 |
| Millers Tavern | $93,620 | $117,950 | $152,200 | $192,560 | $248,250 |
| Saint Stephens Church | $54,170 | $83,834 | $129,276 | $189,062 | $280,614 |
| Tappahannock | $72,324 | $119,515 | $175,186 | $249,754 | $396,696 |
Source: Ownwell
Property Tax Bills Across Essex County, Virginia
In Essex County, VA, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county's tax assessor and is meant to reflect the market value of the property. Homeowners in Essex County face varying tax bills depending on the value of their homes. The median home price in the county is $164,800. Property tax bills can range significantly, with the 25th percentile at $794 and the 75th percentile reaching $1,761. At the higher end, the 90th percentile sees tax bills as high as $2,888. Compared to the national median property tax rate of 0.99%, Essex County's tax rates can result in a wide range of financial impacts on homeowners. For instance, Loretto has the highest median tax bill at $1,455, while Bowling Green has the lowest at $456. These variations highlight the importance of understanding how property assessments and local tax rates affect your annual tax obligation.
Average Essex County Tax Bill
$1,202
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Essex County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bowling Green | $250 | $327 | $456 | $584 | $661 |
| Bruington | $902 | $1,134 | $1,444 | $1,633 | $1,646 |
| Caret | $361 | $673 | $1,001 | $1,509 | $1,992 |
| Center Cross | $348 | $902 | $1,277 | $1,890 | $2,981 |
| Champlain | $274 | $571 | $1,009 | $1,774 | $3,260 |
| Dunnsville | $242 | $760 | $1,169 | $1,738 | $3,013 |
| Hustle | $241 | $537 | $952 | $1,331 | $1,819 |
| Laneview | $319 | $741 | $1,305 | $2,378 | $3,739 |
| Loretto | $592 | $908 | $1,455 | $2,392 | $3,724 |
| Millers Tavern | $676 | $869 | $1,102 | $1,394 | $1,801 |
| Saint Stephens Church | $395 | $612 | $944 | $1,380 | $1,832 |
| Tappahannock | $548 | $877 | $1,277 | $1,818 | $2,873 |
Source: Ownwell