Hallwood, Accomack County, Virginia Property Taxes

Name: Property Tax Bills Across Hallwood, Accomack County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hallwood, 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 Hallwood, VA home value: $74,500
Median annual Hallwood, VA tax bill: $443, $1,957 lower than the national median property tax bill of $2,400.

How are property taxes in Accomack County calculated?

Property taxes in Hallwood, 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 Hallwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hallwood, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hallwood, Accomack County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.48%

Estimate Property Tax Bill

$420

$389

Ownwell’s Hallwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hallwood with just two data points. By entering your property's estimated assessed value, our calculator applies Hallwood’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Accomack County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hallwood, Accomack County, Virginia

Local government entities are responsible for setting tax rates, which can vary significantly even within a single state. This variation occurs because each county annually estimates the budget needed to provide essential services and divides this by the total value of all taxable properties within its jurisdiction. This calculation determines the property tax rate. While there are votes and laws involved in setting these rates and budgets, this is essentially the annual process. In Hallwood, located in Accomack County, Virginia, the effective property tax rate is a reflection of this process. When comparing Hallwood’s tax rate to other cities in Virginia, it is evident that the rates can differ, influenced by each county's budgetary needs and property values. The median property tax rate in Virginia is below the national median, making it a comparatively favorable location for property owners. Understanding these dynamics can help property owners anticipate their tax obligations and potentially identify opportunities for appeals or exemptions, ensuring they are not overpaying on their property taxes.

Property Tax Rates Across Hallwood, Accomack County, Virginia

Source: Ownwell

0.38%

0.44%

0.50%

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 Hallwood Tax Rate

0.48%

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 Hallwood, Accomack County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23359	0.48%	0.48%	0.48%	0.48%	0.48%

Source: Ownwell

Property Tax Assessment Values Across Hallwood, Accomack County, Virginia

When examining property taxes in Hallwood, 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 May. 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 Hallwood. For example, the median home price in Hallwood is $74,500, with tax bills ranging significantly across the county. 23359 has the highest median home price at $74,500.

Property Tax Assessment Values Across Hallwood, Accomack County, Virginia

Source: Ownwell

$28,700

$160,150

$291,600

Median Hallwood Market Value

$87,400

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 Hallwood, Accomack County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23359	$22,930	$34,900	$87,400	$156,825	$282,110

Source: Ownwell

Property Tax Bills Across Hallwood, Accomack County, Virginia

In Hallwood, Accomack County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $74,500, homeowners in Hallwood can expect their tax bills to vary significantly depending on their property's assessed value. The 25th percentile tax bill is $197, while the 75th percentile reaches $711, and the 90th percentile can be as high as $1,338. Compared to the national median property tax bill of $2,400, Hallwood's tax bills are relatively lower. However, for homeowners, even these amounts can be burdensome. Ownwell assists by offering property tax appeal services, potentially lowering tax bills by ensuring that properties are not over-assessed. By leveraging their expertise and local market knowledge, Ownwell helps homeowners navigate the complexities of property taxes, ultimately helping them save money and reduce their financial burden.

Property Tax Bills Across Hallwood, Accomack County, Virginia

Source: Ownwell

$139

$702

$1,264

Median Hallwood Tax Bill

$423

Median Accomack County Tax Bill

$687

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Hallwood, Accomack County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23359	$111	$169	$423	$759	$1,365

Source: Ownwell