Bloxom, Accomack County, Virginia Property Taxes
Median Bloxom, VA effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Bloxom, VA home value: $85,300
Median annual Bloxom, VA tax bill: $508, $1,892 lower than the national median property tax bill of $2,400.
How are property taxes in Accomack calculated?
Property taxes in Bloxom, 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 Bloxom’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bloxom, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bloxom, Accomack County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.48%
Estimate Property Tax Bill
$537
$498
Property Tax Rates Across Bloxom, Accomack County, Virginia
Local government entities are responsible for setting tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Bloxom, located in Accomack County, the effective property tax rate stands at 0.60%, which aligns with both the highest and lowest rates in the area, showcasing a uniformity not often seen in other regions. When comparing Bloxom’s property tax rate to the state and national figures, it becomes evident that Bloxom offers a more favorable rate. With the national median property tax rate at 1.02%, Bloxom’s rate is significantly lower, providing a financial advantage to its residents. This lower rate can result in considerable savings, making Bloxom an attractive option for property owners seeking to minimize their tax burden while enjoying the benefits of local services.
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 Bloxom Tax Rate
0.48%
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 Accomack County Tax Rate
0.48%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bloxom, Accomack County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23308 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Bloxom, Accomack County, Virginia
When examining property taxes in Bloxom, 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 Accomack 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 Accomack 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 Bloxom. For example, the median home price in Bloxom is $85,300, with tax bills ranging significantly across the county. Zip code 23308 has the highest median home price at $85,300.
Property Tax Assessment Values Across Bloxom, Accomack County, Virginia
Source: Ownwell
$28,700
$160,150
$291,600
Median Bloxom Market Value
$111,800
Median Accomack County Market Value
$144,300
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bloxom, Accomack County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23308 | $23,900 | $47,225 | $111,800 | $177,225 | $249,450 |
Source: Ownwell
Property Tax Bills Across Bloxom, Accomack County, Virginia
Median Bloxom Tax Bill
$541
Median Accomack County Tax Bill
$687
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Bloxom, Accomack County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23308 | $116 | $229 | $541 | $858 | $1,206 |
Source: Ownwell