Petersburg County, Virginia Property Taxes

Name: Property Tax Bills Across Petersburg County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Petersburg County effective property tax rate: 1.27%, significantly higher than the national median of 1.02%.
Median Petersburg County home value: $103,800
Median annual Petersburg County tax bill: $1,321, $1,079 lower than the national median property tax bill of $2,400.

How are property taxes in Petersburg County calculated?

Property taxes in Petersburg County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Petersburg or another part of Petersburg County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Petersburg County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.27%

Estimate Property Tax Bill

$1,318

$1,223

Ownwell’s Petersburg County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Petersburg County with just two data points. By entering your property's estimated assessed value, our calculator applies Petersburg County’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 more 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 Petersburg County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Petersburg 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 Petersburg County's effective property tax rate to other counties in Virginia or the U.S. median property tax rate. Petersburg County's effective property tax rate stands at 1.27%. This rate is higher than the national median property tax rate of 1.02%. This indicates that property owners in Petersburg may face relatively higher tax bills compared to the national average. However, it's important to remember that tax rates are just one part of the equation. The assessed value of the property also plays a crucial role in determining the actual tax bill. By understanding these factors, property owners can better navigate the complexities of property taxes and potentially identify opportunities for savings.

Property Tax Rates Across Petersburg County, Virginia

Source: Ownwell

1.27%

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 Petersburg County Tax Rate

1.27%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Petersburg County, Virginia

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Petersburg	1.27%	1.27%	1.27%	1.27%	1.27%
South Prince George	1.27%	1.27%	1.27%	1.27%	1.27%
North Dinwiddie	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Petersburg County, Virginia

When examining property taxes in Petersburg County, 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 Petersburg 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 Petersburg County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Petersburg County.

For example, the median tax bill in Petersburg County is $1,775, with tax bills ranging significantly across the county. South Prince George has the highest median home price at $290,200.

Property Tax Assessment Values Across Petersburg County, Virginia

Source: Ownwell

$72,700

$181,450

$290,200

Median Petersburg County Market Value

$103,800

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Petersburg County, Virginia

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Petersburg	$43,900	$64,000	$103,600	$139,200	$185,640
South Prince George	$129,690	$263,400	$290,200	$292,525	$303,620
North Dinwiddie	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Petersburg County, Virginia

In Petersburg, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Petersburg stands at $103,800, and the tax rate is applied to this assessed value to calculate the annual property tax bill. Homeowners in Petersburg can expect a median tax bill of $1,318, which is notably lower than the national median property tax bill of $2,400. However, tax bills can vary significantly within the county. For instance, those in the 25th percentile pay around $815, while those in the 75th percentile face bills of approximately $1,775. Meanwhile, the 90th percentile sees tax bills reaching up to $2,371. The highest median tax bill in the area is found in South Prince George, where it rises to $3,686. These variations are influenced by factors such as property location and market conditions, affecting how much homeowners ultimately pay in property taxes.

Property Tax Bills Across Petersburg County, Virginia

Source: Ownwell

$926

$2,306

$3,686

Median Petersburg County Tax Bill

$1,321

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Petersburg County, Virginia

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Petersburg	$558	$814	$1,318	$1,770	$2,360
South Prince George	$1,647	$3,345	$3,686	$3,715	$3,856
North Dinwiddie	N/A	N/A	N/A	N/A	N/A

Source: Ownwell