Prince George County, Virginia Property Taxes
The median property tax rate in Prince George County is 0.76%, which is significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Prince George County at $279,600, the typical annual property tax bill reaches $2,102, which is below the national median of $2,690. Property taxes in Prince George County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like primary residence and agricultural exemptions. Understanding Prince George County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Prince George or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Prince George County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$2,125
$1,972
Ownwell’s Prince George Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Prince George with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Prince George to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Prince George County, Virginia
Property taxes in Prince George play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Prince George is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Prince George set these rates annually, and they can vary significantly between different areas within the county. Each year, Prince George estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Prince George's effective property tax rate with other counties and the national median. For comparison, the city of North Prince George has one of the higher property tax rates in the area at 0.78%, while the city of Carson boasts one of the lowest at 0.74%. Analyzing how Prince George's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Prince George County Tax Rate
0.76%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Prince George County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carson | 0.73% | 0.74% | 0.74% | 0.74% | 0.78% |
| Disputanta | 0.74% | 0.75% | 0.75% | 0.78% | 0.82% |
| Hopewell | 0.72% | 0.73% | 0.77% | 0.80% | 0.81% |
| North Prince George | 0.73% | 0.76% | 0.78% | 0.80% | 0.80% |
| Petersburg | 0.42% | 0.71% | 0.74% | 0.82% | 0.82% |
| Prince George | 0.72% | 0.72% | 0.75% | 0.79% | 0.80% |
| South Prince George | 0.71% | 0.71% | 0.78% | 0.79% | 0.82% |
| Spring Grove | 0.74% | 0.74% | 0.75% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Prince George County, Virginia
In Prince George, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Prince George Appraisal District. The assessed value, however, 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. Assessment notices in Prince George are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. With a median home price of $279,600, the median tax bill in Prince George ranges from $1,660 at the 25th percentile to $3,343 at the 90th percentile. Carson has the highest median tax bill at $2,432, while Hopewell has the lowest at $500. Being aware of these valuation processes in Prince George will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Prince George County, Virginia
Source: Ownwell
$74,050
$201,050
$328,050
Average Prince George County Assessed Value
$279,600
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Prince George County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carson | $184,360 | $248,525 | $328,050 | $395,375 | $478,620 |
| Disputanta | $162,110 | $218,775 | $287,550 | $368,225 | $453,220 |
| Hopewell | $31,860 | $38,625 | $74,050 | $305,225 | $409,390 |
| North Prince George | $171,660 | $198,700 | $262,400 | $351,900 | $429,380 |
| Petersburg | $41,700 | $102,250 | $181,950 | $238,800 | $406,150 |
| Prince George | $199,800 | $244,800 | $284,150 | $333,900 | $397,490 |
| South Prince George | $180,500 | $212,725 | $258,000 | $354,800 | $469,350 |
| Spring Grove | $127,600 | $181,175 | $272,650 | $355,225 | $438,690 |
Source: Ownwell
Property Tax Bills Across Prince George County, Virginia
In Prince George County, VA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county's property assessor and reflects the market value of the property. Homeowners in Prince George County can expect their property tax bill to vary depending on the assessed value of their home and the local tax rate. The median home price in the county is $279,600, which provides a benchmark for understanding typical tax bills. Several factors contribute to the final tax bill, including property size, location, and any improvements made to the home. Homeowners in the 25th percentile of tax bills pay around $1,660, while those in the 75th percentile pay approximately $2,672. For those in the 90th percentile, the tax bill can reach up to $3,343. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Prince George County to understand how local rates affect their financial obligations.
Average Prince George County Tax Bill
$2,102
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Prince George County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carson | $1,255 | $1,813 | $2,432 | $2,958 | $3,534 |
| Disputanta | $1,153 | $1,646 | $2,160 | $2,785 | $3,403 |
| Hopewell | $238 | $304 | $500 | $1,739 | $3,061 |
| North Prince George | $1,264 | $1,517 | $2,040 | $2,765 | $3,400 |
| Petersburg | $222 | $458 | $1,347 | $1,692 | $2,486 |
| Prince George | $1,484 | $1,815 | $2,114 | $2,509 | $3,064 |
| South Prince George | $1,360 | $1,621 | $1,969 | $2,667 | $3,568 |
| Spring Grove | $928 | $1,332 | $2,043 | $2,669 | $3,281 |
Source: Ownwell