King George County Property Taxes
The median property tax rate in King George County is 0.68%, 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 George County at $357,400, the typical annual property tax bill is around $2,400, which is below the national median of $2,690. Property taxes in King George 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 George 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 King George or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
King George County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$2,430
Ownwell’s King George Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in King George with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in King George 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 George County, Virginia
Property taxes in King George play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in King George is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within King George set these rates annually, and they can vary significantly between different areas within the county. Each year, King George 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 George's effective property tax rate with other regions and the national median. For comparison, the city of Colonial Beach has one of the higher property tax rates in the region at 0.68%, which is the same as King George. Analyzing how King George's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average King George County Tax Rate
0.68%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across King George County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Colonial Beach | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| Dahlgren | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| Dogue | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| King George | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across King George County, Virginia
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in King George County, VA. 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 George 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 King George 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, Dogue has the highest median tax bill at $8,616, while Colonial Beach has the lowest at $1,823. Being aware of these valuation processes in King George County 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 George County, Virginia
Source: Ownwell
$268,100
$767,600
$1,267,100
Average King George County Assessed Value
$357,400
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across King George County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Colonial Beach | $187,600 | $204,700 | $268,100 | $326,000 | $350,600 |
| Dahlgren | $193,170 | $266,475 | $322,100 | $349,475 | $371,930 |
| Dogue | $1,267,100 | $1,267,100 | $1,267,100 | $1,267,100 | $1,267,100 |
| King George | $165,800 | $258,600 | $357,400 | $437,200 | $541,900 |
Source: Ownwell
Property Tax Bills Across King George County, Virginia
In King George County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the assessed value, including the home's size, location, condition, and market trends. For instance, the median home price in King George County is $357,400. Homeowners in King George County can expect their property tax bills to vary significantly. The 25th percentile tax bill is approximately $1,726, while the 75th percentile tax bill rises to around $2,948, and the 90th percentile reaches $3,639. The highest median tax bill in the county can be found in Dogue, with an amount of $8,616, whereas Colonial Beach has the lowest median tax bill at $1,823. These variations can significantly impact homeowners, influencing their monthly budgets and long-term financial planning. The national median property tax rate is 0.99%, providing a benchmark for comparison.
Average King George County Tax Bill
$2,400
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across King George County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Colonial Beach | $1,276 | $1,392 | $1,823 | $2,217 | $2,384 |
| Dahlgren | $1,314 | $1,812 | $2,190 | $2,376 | $2,529 |
| Dogue | $8,616 | $8,616 | $8,616 | $8,616 | $8,616 |
| King George | $1,080 | $1,726 | $2,400 | $2,948 | $3,639 |
Source: Ownwell