Hampton, Poquoson County, Virginia Property Taxes

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

Median Hampton, VA effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Hampton, VA home value: $548,700
Median annual Hampton, VA tax bill: $6,091, $3,691 higher than the national median property tax bill of $2,400.

How are property taxes in Poquoson calculated?

Property taxes in Hampton, 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 Hampton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hampton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hampton, Poquoson County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.11%

Estimate Property Tax Bill

$6,091

$5,652

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

Property Tax Rates Across Hampton, Poquoson County, Virginia

Local government entities in Hampton, Virginia, set property tax rates that can vary significantly within the state. Each year, the county determines its budgetary needs for services and divides this amount by the total assessed value of all taxable property in its jurisdiction. This calculation establishes the property tax rate. While the process involves votes and legislation to finalize tax rates and budgets, this is essentially how it unfolds annually. You can compare Hampton’s effective property tax rate to other cities in Virginia, as well as the median property tax rates in the state and the U.S. Hampton's rate provides a point of reference against Virginia's median rate of 0.80% and the national median of 1.02%. Understanding these rates within the broader context can highlight the relative affordability or expense of property taxes in Hampton, aiding property owners in making informed financial decisions.

Property Tax Rates Across Hampton, Poquoson County, Virginia

Source: Ownwell

1.11%

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 Hampton Tax Rate

1.11%

Median Effective Poquoson County Tax Rate

1.11%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hampton, Poquoson County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23666	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Hampton, Poquoson County, Virginia

When examining property taxes in Hampton, 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 Poquoson 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 Poquoson 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 Hampton. For example, the median home price in Hampton is $548,700, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Hampton, Poquoson County, Virginia

Source: Ownwell

$369,650

Median Hampton Market Value

$548,700

Median Poquoson County Market Value

$369,650

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hampton, Poquoson County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23666	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Hampton, Poquoson County, Virginia

Property tax bills in Hampton, Virginia, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office and reflects the property's market value. In Hampton, property tax bills can vary significantly. For example, while the 25th percentile tax bill is $4,845, the 75th percentile reaches $7,336, and the 90th percentile climbs to $8,083. These figures are notably higher than the national median property tax bill of $2,400, reflecting the relatively high median home price of $548,700 in the area. Homeowners in Hampton may feel the financial strain of these higher bills, especially when compared to the national median property tax rate of 1.02%. Ownwell offers a solution by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially reduce their tax burdens, ensuring they pay only what is fair and equitable. This can lead to significant savings and financial relief for property owners in Hampton.

Property Tax Bills Across Hampton, Poquoson County, Virginia

Source: Ownwell

$4,097

Median Hampton Tax Bill

$6,091

Median Poquoson County Tax Bill

$4,097

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Hampton, Poquoson County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23666	N/A	N/A	N/A	N/A	N/A

Source: Ownwell