Providence Forge, New Kent County, Virginia Property Taxes
Median PROVIDENCE FORGE, VA effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the VA state median of 0.89%.
Median PROVIDENCE FORGE, VA home value: $390,100
Median annual PROVIDENCE FORGE, VA tax bill: $2,564, $164 higher than the national median property tax bill of $2,400.
How are property taxes in New Kent calculated?
Property taxes in PROVIDENCE FORGE, 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 PROVIDENCE FORGE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in PROVIDENCE FORGE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Providence Forge, New Kent County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$2,614
$2,425
Property Tax Rates Across Providence Forge, New Kent County, Virginia
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Providence Forge’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
In Providence Forge, located in New Kent County, the median property tax rate is 0.67%, which is significantly lower than the national median of 1.02%. This favorable rate can result in substantial savings for homeowners compared to other regions. Moreover, this rate is consistent across the county, showing stability in property tax expectations. For property owners, this means more predictable budgeting and potentially higher return on investment. Understanding these rates can empower homeowners to make informed decisions about purchasing and investing in real estate in Providence Forge and New Kent County.
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 Providence Forge Tax Rate
0.67%
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 New Kent County Tax Rate
0.67%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Providence Forge, New Kent County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23140 | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Providence Forge, New Kent County, Virginia
When examining property taxes in Providence Forge, 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 New Kent 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 New Kent 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 Providence Forge. For example, the median home price in Providence Forge is $390,100, with tax bills ranging significantly across the county. The 23140 zip code has the highest median home price at $390,100.
Property Tax Assessment Values Across Providence Forge, New Kent County, Virginia
Source: Ownwell
$249,350
$319,725
$390,100
Median Providence Forge Market Value
$390,100
Median New Kent County Market Value
$332,400
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Providence Forge, New Kent County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23140 | $193,480 | $276,300 | $390,100 | $470,600 | $561,180 |
Source: Ownwell
Property Tax Bills Across Providence Forge, New Kent County, Virginia
Property Tax Bills Across Providence Forge, New Kent County, Virginia
Source: Ownwell
$1,670
$2,117
$2,564
Median Providence Forge Tax Bill
$2,564
Median New Kent County Tax Bill
$2,199
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Providence Forge, New Kent County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23140 | $1,200 | $1,794 | $2,564 | $3,098 | $3,680 |
Source: Ownwell