Seaford, Virginia Property Taxes
The median property tax rate in Seaford, VA is 0.77%, which is lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Seaford at $293,100, the typical annual property tax bill amounts to $2,255, falling below the national median of $2,690. Property taxes in Seaford are calculated based on the tax assessed value, which often is less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Seaford’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 Seaford or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Seaford, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$2,257
$2,094
Ownwell’s Seaford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seaford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seaford to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Seaford, Virginia
Property taxes in Seaford, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seaford is 0.77%, which is lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Seaford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seaford 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 Seaford's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 23696 has both the highest and lowest median property tax rate of 0.77%. Understanding how these cities compare with Seaford provides valuable insights into the varying tax landscape across York County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Seaford Tax Rate
0.77%
Average York County Tax Rate
0.77%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seaford, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23696 | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Seaford, Virginia
In Seaford, 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 York County Appraisal District 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 Seaford, 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 Seaford 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 23696, with a median tax bill of $2,255.
Average Seaford Assessed Value
$293,100
Average York County Assessed Value
$318,500
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Seaford, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23696 | $198,460 | $244,850 | $293,100 | $377,000 | $460,540 |
Source: Ownwell
Property Tax Bills Across Seaford, Virginia
In Seaford, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $293,100 in Seaford, homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. Factors considered in the assessment include the home's market value, location, and condition, among others. Homeowners in Seaford typically see property tax bills around the 25th percentile at $1,885, while those at the 75th percentile face bills of $2,899. At the 90th percentile, tax bills can reach up to $3,543. The highest and lowest median tax bills in the area are both $2,255, indicating a relatively uniform tax rate within the zip code 23696. These property taxes are crucial for funding local services, including schools, infrastructure, and emergency services, directly impacting the quality of life for Seaford residents.
Average Seaford Tax Bill
$2,255
Average York County Tax Bill
$2,452
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Seaford, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23696 | $1,528 | $1,885 | $2,255 | $2,899 | $3,543 |
Source: Ownwell