King And Queen County Property Taxes
The median property tax rate in King and Queen County is 0.55%, 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 King and Queen County at $136,200, the typical annual property tax bill is $749, far below the national median of $2,690. Property taxes in King and Queen 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 King and Queen 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 a city or another part of King and Queen County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
King And Queen County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$749
Ownwell’s King and Queen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in King and Queen with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in King and Queen to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across King And Queen County, Virginia
Property taxes in King and Queen play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in King and Queen is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within King and Queen set these rates annually, and they can vary significantly between different areas within the county. Each year, King and Queen 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. The following data compares King and Queen's effective property tax rate with other counties and the national median. For comparison, the city of Bruington has one of the higher property tax rates in the county at 0.55%, while the city of Bruington also boasts one of the lowest at 0.55%. Analyzing how King and Queen's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average King And Queen County Tax Rate
0.55%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across King And Queen County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bruington | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| Center Cross | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| King And Queen Court House | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| Little Plymouth | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| Mascot | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| Mattaponi | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| Milford | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| Newtown | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| Saint Stephens Church | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| Saluda | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| Shacklefords | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| Stevensville | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| Tappahannock | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| Walkerton | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| West Point | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across King And Queen County, Virginia
In King and Queen 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 King and Queen 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 King and Queen 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, in King and Queen County, the highest median tax bill is $976 in Little Plymouth, while the lowest is $617 in Milford. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across King And Queen County, Virginia
Source: Ownwell
$112,200
$144,850
$177,500
Average King And Queen County Assessed Value
$136,200
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across King And Queen County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bruington | $74,240 | $99,150 | $150,800 | $237,850 | $382,660 |
| Center Cross | $48,640 | $83,875 | $120,200 | $199,650 | $295,410 |
| King And Queen Court House | $48,800 | $98,900 | $161,300 | $263,850 | $403,000 |
| Little Plymouth | $75,720 | $115,400 | $177,500 | $309,100 | $447,860 |
| Mascot | $85,150 | $103,625 | $142,700 | $200,550 | $249,350 |
| Mattaponi | $53,720 | $98,000 | $141,400 | $240,350 | $432,120 |
| Milford | $86,450 | $88,925 | $112,200 | $176,200 | $251,980 |
| Newtown | $62,260 | $86,200 | $132,800 | $190,200 | $284,880 |
| Saint Stephens Church | $63,980 | $89,400 | $128,500 | $197,700 | $286,180 |
| Saluda | $69,080 | $101,000 | $146,900 | $197,750 | $265,460 |
| Shacklefords | $57,360 | $80,900 | $119,400 | $192,100 | $287,340 |
| Stevensville | $65,500 | $96,100 | $129,000 | $219,700 | $378,000 |
| Tappahannock | $66,200 | $95,900 | $129,000 | $184,350 | $276,200 |
| Walkerton | $75,000 | $99,800 | $140,500 | $234,450 | $372,660 |
| West Point | $67,120 | $83,750 | $143,800 | $203,200 | $242,340 |
Source: Ownwell
Property Tax Bills Across King And Queen County, Virginia
Property tax bills in King and Queen County, VA, are calculated based on the assessed value of a property, not its market value. The assessed value is determined by the county assessor's office, which evaluates the property periodically. Various factors, such as property size, location, and improvements, influence this assessed value. Homeowners in King and Queen County experience a range of tax bills. For instance, the 25th percentile tax bill is around $503, while the 75th percentile tax reaches $1,166. High-value properties can see tax bills as much as $1,863 at the 90th percentile. The city with the highest median tax bill in the county is Little Plymouth at $976, whereas Milford has the lowest median tax bill at $617. These property taxes provide essential funding for local services, such as schools and emergency services, directly impacting the community's quality of life. Comparing these figures to the national median property tax rate of 0.99%, King and Queen County's rates reflect a balanced approach to property taxation.
Average King And Queen County Tax Bill
$749
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across King And Queen County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bruington | $408 | $545 | $829 | $1,308 | $2,105 |
| Center Cross | $268 | $461 | $661 | $1,098 | $1,625 |
| King And Queen Court House | $268 | $544 | $887 | $1,451 | $2,216 |
| Little Plymouth | $416 | $635 | $976 | $1,700 | $2,463 |
| Mascot | $468 | $570 | $785 | $1,103 | $1,371 |
| Mattaponi | $295 | $539 | $778 | $1,322 | $2,377 |
| Milford | $475 | $489 | $617 | $969 | $1,386 |
| Newtown | $342 | $474 | $730 | $1,046 | $1,567 |
| Saint Stephens Church | $352 | $492 | $707 | $1,087 | $1,574 |
| Saluda | $380 | $556 | $808 | $1,088 | $1,460 |
| Shacklefords | $315 | $445 | $657 | $1,057 | $1,580 |
| Stevensville | $360 | $529 | $710 | $1,208 | $2,079 |
| Tappahannock | $364 | $527 | $710 | $1,014 | $1,519 |
| Walkerton | $412 | $549 | $773 | $1,289 | $2,050 |
| West Point | $369 | $461 | $791 | $1,118 | $1,333 |
Source: Ownwell