Hacksneck, Accomack County, Virginia Property Taxes
Median Hacksneck, 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 Hacksneck, VA home value: $132,850
Median annual Hacksneck, VA tax bill: $790, $1,610 lower than the national median property tax bill of $2,400.
How are property taxes in Accomack calculated?
Property taxes in Hacksneck, 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 Hacksneck’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hacksneck, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hacksneck, 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
$764
$709
Property Tax Rates Across Hacksneck, Accomack County, Virginia
Local government entities in Virginia, like elsewhere, determine property tax rates, which can differ significantly across the state. The process involves each county, such as Accomack, estimating its necessary budget to fund public services. This budget is then divided by the total assessed value of all taxable properties within the county, resulting in the property tax rate. Despite the complexity involving votes and legislative measures, this is the essence of how tax rates are set annually.
In Hacksneck, located in Accomack County, the effective property tax rate is 0.60%, which aligns with the county's median rate. This rate is notably lower than Virginia's average and the national median property tax rate of 1.02%. Consequently, property owners in Hacksneck benefit from a more favorable tax environment compared to many other regions. The lower tax rate can make Hacksneck an attractive location for homeowners looking for affordability in property taxes. Comparing Hacksneck’s rate to both state and national figures underscores its advantageous position, offering potential savings on property tax bills.
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 Hacksneck 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 Hacksneck, Accomack County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23358 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Hacksneck, Accomack County, Virginia
When examining property taxes in Hacksneck, 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 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.
Assessment notices:
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 Hacksneck.
For example, the median home price in Hacksneck is $132,850, with tax bills ranging significantly across the county. Zip code 23358 has the highest median home price at $132,850.
Property Tax Assessment Values Across Hacksneck, Accomack County, Virginia
Source: Ownwell
$28,700
$160,150
$291,600
Median Hacksneck Market Value
$159,100
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 Hacksneck, Accomack County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23358 | $29,700 | $55,550 | $159,100 | $388,600 | $521,780 |
Source: Ownwell
Property Tax Bills Across Hacksneck, Accomack County, Virginia
Median Hacksneck Tax Bill
$770
Median Accomack County Tax Bill
$687
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Hacksneck, Accomack County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23358 | $144 | $269 | $770 | $1,869 | $2,525 |
Source: Ownwell