Freeman, Brunswick County, Virginia Property Taxes
Median Freeman, VA effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Freeman, VA home value: $41,900
Median annual Freeman, VA tax bill: $273, $2,127 lower than the national median property tax bill of $2,400.
How are property taxes in Brunswick calculated?
Property taxes in Freeman, 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 Freeman’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Freeman, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Freeman, Brunswick County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.5%
Estimate Property Tax Bill
$292
$271
Property Tax Rates Across Freeman, Brunswick County, Virginia
Local government entities determine property tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budget needs to provide essential services and divides that by the total value of taxable property within its jurisdiction, resulting in the property tax rate. While the process involves votes and legislation, this is the fundamental annual procedure.
In Freeman, located in Brunswick County, Virginia, the effective property tax rate is 0.65%, which aligns with both the highest and lowest rates in the area. This rate is notably lower than the national median property tax rate of 1.02%. Consequently, Freeman residents benefit from property tax bills that are generally more affordable compared to the national median bill of $2,400.
This lower tax rate can be an attractive factor for homeowners and potential buyers, as it could translate to significant savings over time. Comparing Freeman's tax rate to other cities within Virginia and the broader U.S. landscape highlights the potential financial advantages of owning property in this region.
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 Freeman Tax Rate
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 Brunswick County Tax Rate
0.50%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Freeman, Brunswick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23856 | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Freeman, Brunswick County, Virginia
When examining property taxes in Freeman, 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 Brunswick 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 Brunswick County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Freeman. For example, the median home price in Freeman is $41,900, with tax bills ranging significantly across the county. Zip code 23856 has the highest median home price at $41,900.
Property Tax Assessment Values Across Freeman, Brunswick County, Virginia
Source: Ownwell
$57,600
$114,300
$171,000
Median Freeman Market Value
$58,300
Median Brunswick County Market Value
$64,800
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Freeman, Brunswick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23856 | $20,880 | $28,700 | $58,300 | $106,400 | $176,380 |
Source: Ownwell
Property Tax Bills Across Freeman, Brunswick County, Virginia
Property tax bills in Freeman, a city in Brunswick County, VA, are determined by multiplying the assessed value of a property by the local tax rate. The median home price in Freeman is $41,900. Homeowners in this region face a median property tax bill of $273, which is significantly lower than the national median property tax bill of $2,400. This makes Freeman an attractive location for those looking to minimize their property tax expenses. However, tax bills can vary widely, with the 25th percentile at $163 and the 90th percentile reaching up to $880, reflecting differences in property values and specific assessments.
Homeowners may find themselves paying more than necessary due to inaccuracies in their property's assessed value or missed exemptions. This is where Ownwell can assist. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially saving them hundreds of dollars annually. Our team navigates the complexities of the property tax system, advocating for homeowners to achieve the most favorable outcomes.
Median Freeman Tax Bill
$292
Median Brunswick County Tax Bill
$326
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Freeman, Brunswick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23856 | $117 | $159 | $292 | $530 | $909 |
Source: Ownwell