Westmoreland County, Virginia Property Taxes
The median property tax rate in Westmoreland County is 0.62%, 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 Westmoreland County, the typical annual property tax bill is $310, far below the national median of $2,690. Property taxes in Westmoreland County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Westmoreland 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 Montross or another part of Westmoreland County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Westmoreland County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$326
$302
Ownwell’s Westmoreland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Westmoreland with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Westmoreland 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 Westmoreland County, Virginia
Property taxes in Westmoreland County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Westmoreland County is 0.62%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Westmoreland County set these rates annually, and they can vary significantly between different areas within the county. Each year, Westmoreland County 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 Westmoreland County's effective property tax rate with the national median. For comparison, the city of Callao has a median property tax rate of 0.62%, which aligns with Westmoreland County's rate. Analyzing how Westmoreland County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Westmoreland County Tax Rate
0.62%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westmoreland County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Callao | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Colonial Beach | 0.40% | 0.40% | 0.62% | 0.62% | 0.79% |
| Hague | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| King George | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Kinsale | N/A | N/A | N/A | N/A | N/A |
| Montross | 0.62% | 0.62% | 0.62% | 0.62% | 0.93% |
| Oldhams | N/A | N/A | N/A | N/A | N/A |
| Warsaw | 0.54% | 0.62% | 0.62% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Westmoreland County, Virginia
In Westmoreland County, 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 Westmoreland County 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 Westmoreland County 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. Being aware of these valuation processes in Westmoreland County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, King George has the highest median tax bill at $1,518, while Hague boasts the lowest at $129.
Property Tax Assessment Values Across Westmoreland County, Virginia
Source: Ownwell
$21,700
$133,300
$244,900
Average Westmoreland County Assessed Value
$52,550
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Westmoreland County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Callao | $20,800 | $30,325 | $121,200 | $233,600 | $271,800 |
| Colonial Beach | $4,200 | $12,500 | $100,300 | $213,375 | $310,250 |
| Hague | $3,800 | $4,200 | $21,700 | $131,700 | $324,570 |
| King George | $97,160 | $172,975 | $244,900 | $303,100 | $350,660 |
| Kinsale | N/A | N/A | N/A | N/A | N/A |
| Montross | $5,200 | $16,600 | $61,900 | $212,200 | $376,500 |
| Oldhams | N/A | N/A | N/A | N/A | N/A |
| Warsaw | $11,000 | $26,950 | $106,900 | $190,600 | $278,700 |
Source: Ownwell
Property Tax Bills Across Westmoreland County, Virginia
In Westmoreland County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value typically reflects a percentage of the property's market value. Homeowners in this county can expect varying tax bills depending on the value of their property. For instance, the tax bill in the 25th percentile is $78, while those in the 75th percentile pay around $1,114. At the 90th percentile, the tax bill can reach up to $1,960. Several factors influence the property tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. Homeowners in Westmoreland County benefit from relatively low property tax bills compared to the national median property tax rate of 0.99%. However, the impact on homeowners can vary significantly. For example, while Hague has the lowest median tax bill at $129, King George has the highest at $1,518. Understanding these variables can help homeowners better anticipate their annual property tax obligations.
Average Westmoreland County Tax Bill
$310
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Westmoreland County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Callao | $129 | $170 | $727 | $1,448 | $1,685 |
| Colonial Beach | $17 | $97 | $471 | $1,101 | $1,634 |
| Hague | $24 | $26 | $129 | $804 | $1,992 |
| King George | $602 | $1,072 | $1,518 | $1,879 | $2,174 |
| Kinsale | N/A | N/A | N/A | N/A | N/A |
| Montross | $32 | $129 | $383 | $1,317 | $2,349 |
| Oldhams | N/A | N/A | N/A | N/A | N/A |
| Warsaw | $29 | $159 | $635 | $1,107 | $1,536 |
Source: Ownwell