Prince George, Prince George County, Virginia Property Taxes

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

Median PRINCE GEORGE, VA effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median PRINCE GEORGE, VA home value: $284,150
Median annual PRINCE GEORGE, VA tax bill: $2,114, $286 lower than the national median property tax bill of $2,400.

How are property taxes in Prince George calculated?

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

Last Updated March 1, 2025

Prince George, Prince George County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$2,131

$1,978

Ownwell’s Prince George Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Prince George with just two data points.

By entering your property's estimated assessed value, our calculator applies Prince George’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 Prince George County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Prince George, Prince George County, Virginia

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget annually to provide services, 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. Below, you can compare Prince George's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Prince George's median property tax rate stands at 0.75%, which aligns with the highest and lowest rates in the region, reflecting a consistent approach across the area. This rate is notably lower than the national median property tax rate of 1.02%, offering property owners in Prince George a favorable tax environment compared to other regions. This lower rate can result in significant savings on annual property tax bills, making it an attractive location for homeowners seeking financial relief.

Property Tax Rates Across Prince George, Prince George County, Virginia

Source: Ownwell

0.74%

0.76%

0.78%

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 Prince George Taxx Rate

0.75%

Median Effective Prince George County Taxx Rate

0.76%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Prince George, Prince George County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23875	0.72%	0.72%	0.75%	0.79%	0.80%

Source: Ownwell

Property Tax Assessment Values Across Prince George, Prince George County, Virginia

When examining property taxes in Prince George, 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 Prince George 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 Prince George County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Prince George. For example, the median home price in Prince George is $284,150, with tax bills ranging significantly across the county. Zip code 23875 has the highest median home price at $284,150.

Property Tax Assessment Values Across Prince George, Prince George County, Virginia

Source: Ownwell

$74,050

$201,050

$328,050

Median Prince George Market Value

$284,150

Median Prince George County Market Value

$279,600

Median Virginia Market Value

$298,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Prince George, Prince George County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23875	$199,800	$244,800	$284,150	$333,900	$397,490

Source: Ownwell

Property Tax Bills Across Prince George, Prince George County, Virginia

In Prince George, VA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For example, in Prince George, the median home price is $284,150, and the property tax bills range from $1,815 at the 25th percentile to $3,064 at the 90th percentile. The median tax bill is $2,114, which is below the national median of $2,400, making it relatively more affordable for homeowners. However, these taxes can still be a significant expense. Ownwell helps homeowners in Prince George by offering property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell can potentially lower tax bills, ensuring that homeowners are not overpaying. This service is crucial for homeowners looking to reduce their financial burden and ensure their property taxes are fair and accurate.

Property Tax Bills Across Prince George, Prince George County, Virginia

Source: Ownwell

$500

$1,466

$2,432

Median Prince George Tax Bill

$2,114

Median Prince George County Tax Bill

$2,102

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,690

Property Tax Bills Across Prince George, Prince George County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23875	$1,484	$1,815	$2,114	$2,509	$3,064

Source: Ownwell