King George, King George County, Virginia Property Taxes
Median KING GEORGE, VA effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median KING GEORGE, VA home value: $357,400
Median annual KING GEORGE, VA tax bill: $2,400, equal to the national median property tax bill of $2,400.
How are property taxes in King George calculated?
Property taxes in KING GEORGE, 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 KING GEORGE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in KING GEORGE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
King George, King George County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.68%
Estimate Property Tax Bill
$2,430
$2,255
Ownwell’s KING GEORGE Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in KING GEORGE with just two data points.
By entering your property's estimated assessed value, our calculator applies KING GEORGE’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 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 King George.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across King George, King George County, Virginia
Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This is due to each county's annual estimation of its budgetary needs to provide public services, which is then divided by the total value of all taxable property in the area, resulting in the property tax rate. Although the process involves votes and laws to establish tax rates and budgets, this is the core of the annual procedure.
For instance, King George in Virginia has an effective property tax rate that can be compared to other cities within the state, as well as the median property tax rates in Virginia and across the U.S. With Virginia's median tax rate being lower than the national median of 1.02%, property owners in King George may find themselves paying less in property taxes compared to many other regions in the country. This can be particularly advantageous for homeowners looking to manage living costs, making King George an attractive location for those seeking lower property tax obligations.
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 King George Tax Rate
0.68%
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 King George County Tax Rate
0.68%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across King George, King George County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22485 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across King George, King George County, Virginia
When examining property taxes in King George, 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 King George 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.
In King George County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 King George. For example, the median home price in King George is $357,400, with tax bills ranging significantly across the county. Zip code 22485 has the highest median home price at $357,400.
Property Tax Assessment Values Across King George, King George County, Virginia
Source: Ownwell
$357,400
$357,400
$357,400
Median King George Market Value
$357,400
Median King George County Market Value
$357,400
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across King George, King George County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22485 | $165,800 | $258,600 | $357,400 | $437,200 | $541,900 |
Source: Ownwell
Property Tax Bills Across King George, King George County, Virginia
Property Tax Bills Across King George, King George County, Virginia
Source: Ownwell
$2,400
$2,400
$2,400
Median King George Tax Bill
$2,400
Median King George County Tax Bill
$2,400
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across King George, King George County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22485 | $1,080 | $1,726 | $2,400 | $2,948 | $3,639 |
Source: Ownwell