Moseley, Virginia Property Taxes
The median property tax rate in Moseley, VA is 0.83%, which is lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $319,300 in Moseley, the typical annual property tax bill is $2,658, slightly below the national median of $2,690. Property taxes in Moseley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Moseley’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Moseley or another part of Powhatan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moseley, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$2,650
$2,459
Ownwell’s Moseley Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Moseley. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Moseley to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities with ease. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Moseley, Virginia
Property taxes in Moseley, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moseley is 0.83%, lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Moseley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moseley estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Moseley's effective property tax rate to other counties in Virginia and the national median. For comparison, the 23120 zip code has the highest median property tax rate of 0.83%, while the 23120 zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Moseley provides valuable insights into the varying tax landscape across Powhatan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moseley Tax Rate
0.83%
Average Powhatan County Tax Rate
0.82%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moseley, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23120 | 0.77% | 0.81% | 0.83% | 0.85% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Moseley, Virginia
In Moseley, Virginia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Powhatan County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Moseley, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Moseley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 23120, both with a value of $2,658.
Average Moseley Assessed Value
$319,300
Average Powhatan County Assessed Value
$297,850
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moseley, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23120 | $186,250 | $281,000 | $319,300 | $372,000 | $471,650 |
Source: Ownwell
Property Tax Bills Across Moseley, Virginia
In Moseley, VA, property tax bills are calculated based on the assessed value of the home, which is determined by the Powhatan County tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $319,300, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $2,279, while those in the 75th percentile may see bills as high as $3,067. For the top 10% of properties, tax bills can reach up to $3,728 annually. This variability highlights the impact of home value on tax obligations. Compared to the national median property tax rate of 0.99%, Moseley's rates result in substantial annual costs for homeowners. Understanding these factors is crucial for homeowners to budget effectively and anticipate their financial responsibilities.
Average Moseley Tax Bill
$2,658
Average Powhatan County Tax Bill
$2,424
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Moseley, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23120 | $1,313 | $2,279 | $2,658 | $3,067 | $3,728 |
Source: Ownwell