Poquoson, Poquoson County, Virginia Property Taxes

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

Median Poquoson, 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 Poquoson, VA home value: $369,650
Median annual Poquoson, VA tax bill: $4,097, $1,697 higher than the national median property tax bill of $2,400.

How are property taxes in Poquoson calculated?

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

Last Updated March 1, 2025

Poquoson, 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

$4,103

$3,808

Ownwell’s Poquoson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Poquoson with just two data points. By entering your property's estimated assessed value, our calculator applies Poquoson’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 Poquoson, Poquoson County, Virginia

Local government entities establish tax rates, which can vary significantly within a state. Each year, counties estimate the budget needed to provide services and divide it by the total value of all taxable property within their jurisdiction. This process determines the property tax rate. While votes and legislation play roles in setting these rates and budgets, this annual calculation is the essence of how tax rates are established.

Poquoson in Virginia has an effective property tax rate that mirrors the state's median rate of 1.11%, which is slightly above the national median of 1.02%. This places Poquoson on the higher end of the tax rate spectrum when compared to the national average. However, within Virginia, Poquoson's rate is consistent, reflecting a balance between providing necessary public services and maintaining a competitive tax environment. Understanding these rates can help property owners in Poquoson make informed decisions about their real estate investments and potential tax liabilities.

Property Tax Rates Across Poquoson, 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 Poquoson 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 Poquoson, Poquoson County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23662	1.11%	1.11%	1.11%	1.11%	1.11%

Source: Ownwell

Property Tax Assessment Values Across Poquoson, Poquoson County, Virginia

When examining property taxes in Poquoson, 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 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 Poquoson. For example, the median home price in Poquoson is $369,650, with tax bills ranging significantly across the county. Zip code 23662 has the highest median home price at $369,650.

Property Tax Assessment Values Across Poquoson, Poquoson County, Virginia

Source: Ownwell

$369,650

Median Poquoson Market Value

$369,650

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 Poquoson, Poquoson County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23662	$211,900	$280,125	$369,650	$488,175	$626,500

Source: Ownwell

Property Tax Bills Across Poquoson, Poquoson County, Virginia

In Poquoson, VA, property tax bills are determined by the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is typically a percentage of the market value, which can fluctuate based on local real estate trends. With a median home price of $369,650, homeowners in Poquoson can expect their tax bills to vary. For instance, the 25th percentile tax bill is $3,078, while the 75th percentile reaches $5,415, and the 90th percentile can go up to $6,949. This range indicates the variability in tax obligations, which often depends on the specific characteristics and location of the property. Compared to the national median property tax rate of 1.02% and a median bill of $2,400, Poquoson's tax bills can be significantly higher. Ownwell can assist homeowners by analyzing their property assessments and identifying potential discrepancies or opportunities for exemptions, ensuring they pay only their fair share and potentially reducing their tax burden.

Property Tax Bills Across Poquoson, Poquoson County, Virginia

Source: Ownwell

$4,097

Median Poquoson Tax Bill

$4,097

Median Poquoson County Tax Bill

$4,097

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Poquoson, Poquoson County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23662	$2,330	$3,078	$4,097	$5,415	$6,949

Source: Ownwell