Warsaw, Richmond County, Virginia Property Taxes
Median Warsaw, VA effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Warsaw, VA home value: $135,849
Median annual Warsaw, VA tax bill: $941, $1,459 lower than the national median property tax bill of $2,400.
How are property taxes in Richmond calculated?
Property taxes in Warsaw, 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 Warsaw’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Warsaw, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Warsaw, Richmond County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.7%
Estimate Property Tax Bill
$951
$882
Property Tax Rates Across Warsaw, Richmond County, Virginia
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 Warsaw Tax Rate
0.70%
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 Richmond County Tax Rate
0.70%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Warsaw, Richmond County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22572 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Warsaw, Richmond County, Virginia
When examining property taxes in Warsaw, Virginia, 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 Richmond 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 Richmond County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Warsaw.
For example, the median home price in Warsaw is $135,849, with tax bills ranging significantly across the county. Zip code 22572 has the highest median home price at $135,849.
Property Tax Assessment Values Across Warsaw, Richmond County, Virginia
Source: Ownwell
$108,981
$122,415
$135,849
Median Warsaw Market Value
$135,849
Median Richmond County Market Value
$134,435
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Warsaw, Richmond County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22572 | $42,434 | $87,756 | $135,849 | $206,082 | $319,409 |
Source: Ownwell
Property Tax Bills Across Warsaw, Richmond County, Virginia
In Warsaw, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and market conditions can influence the assessed value. In Richmond County, the median property tax bill is $941, which is significantly lower than the national median of $2,400. However, homeowners in Warsaw still face the challenge of ensuring their property is not over-assessed, which could lead to higher tax bills.
Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing local market trends and assessment data, Ownwell identifies opportunities for homeowners to reduce their tax burden. Our team of experts assists in filing appeals and securing exemptions, potentially saving homeowners hundreds of dollars annually. With Ownwell's support, Warsaw residents can ensure their property tax bills are fair and manageable, allowing them to focus on enjoying their homes.
Median Warsaw Tax Bill
$941
Median Richmond County Tax Bill
$931
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Warsaw, Richmond County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22572 | $295 | $606 | $941 | $1,424 | $2,154 |
Source: Ownwell