Gasburg, Brunswick County, Virginia Property Taxes

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

Median Gasburg, 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 Gasburg, VA home value: $116,600
Median annual Gasburg, VA tax bill: $764, $1,636 lower than the national median property tax bill of $2,400.

How are property taxes in Brunswick calculated?

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

Last Updated March 1, 2025

Gasburg, Brunswick County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.5%

Estimate Property Tax Bill

$447

$415

Ownwell’s Gasburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gasburg with just two data points. By entering your property's estimated assessed value, our calculator applies Gasburg’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 Brunswick County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Gasburg, Brunswick County, Virginia

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in 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. Below, you can compare Gasburg’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

Property Tax Rates Across Gasburg, Brunswick County, Virginia

Source: Ownwell

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 Gasburg Tax Rate

0.50%

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 Gasburg, Brunswick County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23857	0.50%	0.50%	0.50%	0.50%	0.50%

Source: Ownwell

Property Tax Assessment Values Across Gasburg, Brunswick County, Virginia

When examining property taxes in Gasburg, 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 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 Gasburg.

For example, the median home price in Gasburg is $116,600, with tax bills ranging significantly across the county. The 23857 zip code has the highest median home price at $116,600.

Property Tax Assessment Values Across Gasburg, Brunswick County, Virginia

Source: Ownwell

$57,600

$114,300

$171,000

Median Gasburg Market Value

$89,400

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 Gasburg, Brunswick County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23857	$29,760	$53,000	$89,400	$291,100	$467,640

Source: Ownwell

Property Tax Bills Across Gasburg, Brunswick County, Virginia

In Gasburg, located in Brunswick County, VA, property tax bills are calculated based on the assessed value of a home. The median home price in Gasburg is $116,600, which plays a crucial role in determining the tax bill. Homeowners in this area see a range of tax bills, with the 25th percentile paying around $393 and the 75th percentile reaching up to $1,308. At the 90th percentile, tax bills can climb to $2,254, indicating a significant variation depending on property value assessments. Comparatively, the national median property tax bill is $2,400, showing that Gasburg's tax rates can be more favorable on average. However, for homeowners, these taxes can still represent a substantial financial burden. Ownwell offers expert property tax appeal and exemption services to help homeowners reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell assists in lowering the assessed values, thereby decreasing the tax burden. This service can lead to significant savings, providing financial relief for homeowners in Gasburg.

Property Tax Bills Across Gasburg, Brunswick County, Virginia

Source: Ownwell

$264

$537

$810

Median Gasburg Tax Bill

$782

Median Brunswick County Tax Bill

$326

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Gasburg, Brunswick County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23857	$342	$444	$782	$1,583	$2,557

Source: Ownwell