Powhatan County, Virginia Property Taxes
Median Powhatan County effective property tax rate: 0.82%, significantly lower than the national median of 1.02%.
Median Powhatan County home value: $297,850
Median annual Powhatan County tax bill: $2,424, $24 higher than the national median property tax bill of $2,400.
How are property taxes in Powhatan County calculated?
Property taxes in Powhatan 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 Powhatan or another part of Powhatan County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Powhatan County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$2,442
$2,266
Property Tax Rates Across Powhatan County, Virginia
Local government entities set tax rates, which can vary widely within a state. This is due to each county annually estimating its required budget to provide services and dividing 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.
In Powhatan County, Virginia, the effective property tax rate is 0.82%, which is below the national median of 1.02%. This means homeowners in Powhatan County typically pay less in property taxes compared to the average American homeowner. Within the county, Moseley has the highest median tax rate at 0.83%, whereas Midlothian boasts the lowest at 0.76%. These rates reflect the diverse range of tax burdens residents might experience even within the same county. By understanding these rates, property owners can better anticipate their tax obligations and explore potential savings through appeals or exemptions.
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 Powhatan County Tax Rate
0.82%
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 Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Powhatan County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Midlothian | 0.72% | 0.74% | 0.76% | 0.80% | 0.83% |
| Moseley | 0.77% | 0.81% | 0.83% | 0.85% | 0.87% |
| Powhatan | 0.69% | 0.77% | 0.83% | 0.85% | 0.87% |
| Cumberland | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Powhatan County, Virginia
When examining property taxes in Powhatan 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 Powhatan County Department of Real Estate Assessments 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 Powhatan County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March.
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 Powhatan County.
For example, the median tax bill in Powhatan County is $2,345, with tax bills ranging significantly across the county. Midlothian has the highest median home price at $523,000.
Property Tax Assessment Values Across Powhatan County, Virginia
Source: Ownwell
$287,900
$406,800
$525,700
Median Powhatan County Market Value
$297,850
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Powhatan County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Midlothian | $259,340 | $355,150 | $523,000 | $633,350 | $779,780 |
| Moseley | $186,250 | $281,000 | $319,300 | $372,000 | $471,650 |
| Powhatan | $161,100 | $214,750 | $287,900 | $398,250 | $555,900 |
| Cumberland | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Powhatan County, Virginia
In Powhatan County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property, reflecting what it might sell for under current market conditions. The tax rate is then applied to this assessed value to determine the annual property tax bill. Factors such as location, property size, and improvements can influence the assessed value.
Homeowners in Powhatan County experience a median property tax bill of $2,345, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile paying around $1,776 and the 75th percentile facing bills up to $3,262. The impact on homeowners is substantial, as property taxes represent a significant ongoing cost of homeownership. In Midlothian, the highest median tax bill reaches $3,904, highlighting the variation within the region. Understanding these factors is crucial for homeowners to manage their financial planning effectively.
Median Powhatan County Tax Bill
$2,424
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Powhatan County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Midlothian | $1,895 | $2,769 | $3,904 | $4,703 | $5,713 |
| Moseley | $1,313 | $2,279 | $2,658 | $3,067 | $3,728 |
| Powhatan | $1,121 | $1,744 | $2,345 | $3,128 | $4,190 |
| Cumberland | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell