Sanford, Accomack County, Virginia Property Taxes
Median Sanford, 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 Sanford, VA home value: $66,300
Median annual Sanford, VA tax bill: $394, $2,006 lower than the national median property tax bill of $2,400.
How are property taxes in Accomack calculated?
Property taxes in Sanford, 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 Sanford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sanford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sanford, 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
$360
$334
Property Tax Rates Across Sanford, Accomack County, Virginia
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property in their jurisdiction. This calculation determines the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Sanford, property tax rates reflect this careful calculation. With an effective property tax rate of 0.60%, Sanford aligns with the highest and lowest rates in Virginia, both recorded at 0.60% in the same county. This rate is considerably lower than the national median property tax rate of 1.02%, offering residents a more favorable tax environment compared to many other regions in the United States. While the national median property tax bill stands at $2,400, Sanford’s lower tax rate indicates potential savings for property owners. Such a competitive tax rate can be an attractive factor for homeowners and investors considering real estate opportunities in the area.
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 Sanford 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 Sanford, Accomack County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23426 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Sanford, Accomack County, Virginia
When examining property taxes in Sanford, 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.
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 Sanford. For example, the median home price in Sanford is $66,300, with tax bills ranging significantly across the county. Zip code 23426 has the highest median home price at $66,300.
Property Tax Assessment Values Across Sanford, Accomack County, Virginia
Source: Ownwell
$28,700
$160,150
$291,600
Median Sanford Market Value
$75,000
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 Sanford, Accomack County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23426 | $22,310 | $28,275 | $75,000 | $120,900 | $184,190 |
Source: Ownwell
Property Tax Bills Across Sanford, Accomack County, Virginia
Median Sanford Tax Bill
$363
Median Accomack County Tax Bill
$687
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Sanford, Accomack County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23426 | $108 | $137 | $363 | $585 | $891 |
Source: Ownwell