New Canton, Buckingham County, Virginia Property Taxes
Property Taxes in New Canton, Virginia
Median New Canton, Virginia effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median New Canton, Virginia home value: $99,900
Median annual New Canton, Virginia tax bill: $596, lower than the national median property tax bill of $2,400.
How are property taxes in Buckingham calculated?
Property taxes in New Canton, Virginia 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 New Canton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Canton, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
New Canton, Buckingham County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$599
$556
How Does the New Canton Property Tax Calculator Work?
Use this New Canton property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies New Canton’s median effective tax rate of 0.60% — based on actual property records in Buckingham County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies New Canton’s median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within New Canton: rates range from 0.60% in 23123 to 0.60% in 23123, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across New Canton.
About New Canton Property Taxes
About Property Taxes in New Canton, Buckingham, Virginia
New Canton’s median effective property tax rate of 0.60% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Buckingham County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across New Canton. Homeowners in the 23123 ZIP code carry a median effective rate of 0.60%, while those in the lowest ZIP code also pay 0.60%. This spread reflects how school district boundaries and local assessment districts are drawn across Buckingham County. Understanding which part of New Canton you live in can make a meaningful difference to your annual tax bill.
New Canton homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across New Canton, Buckingham County, Virginia
As noted earlier, 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 New Canton's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
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 New Canton Tax Rate
0.60%
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 Buckingham County Tax Rate
0.60%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Canton, Buckingham County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23123 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across New Canton, Buckingham County, Virginia
When examining property taxes in New Canton, 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 Buckingham County assessor 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 Buckingham County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of November.
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 New Canton.
For example, the median home price in New Canton is $99,900, with tax bills ranging significantly across the county. 23123 has the highest median home price at $99,900.
Property Tax Assessment Values Across New Canton, Buckingham County, Virginia
Source: Ownwell
$91,650
$124,825
$158,000
Median New Canton Market Value
$99,900
Median Buckingham County Market Value
$108,300
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Canton, Buckingham County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23123 | $26,260 | $62,850 | $99,900 | $142,650 | $205,400 |
Source: Ownwell
Property Tax Bills Across New Canton, Buckingham County, Virginia
Property tax bills in New Canton are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. That means the bill depends on how much the home is worth and the tax rate set for Buckingham County and local taxing authorities. For a home with a median home price of $99,900, the tax bill can vary widely depending on the assessment and any applicable exemptions.
Homeowners in New Canton typically see annual bills that reflect this valuation process, with the 25th percentile tax bill at $374 and the 75th percentile tax bill at $854. Higher-value or more heavily taxed properties can face larger bills, and the 90th percentile tax bill reaches $1,226. These differences show how property taxes can affect affordability and monthly housing costs, especially when assessments rise faster than a homeowner expects.
Median New Canton Tax Bill
$596
Median Buckingham County Tax Bill
$644
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across New Canton, Buckingham County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23123 | $157 | $374 | $596 | $854 | $1,226 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Buckingham Tax Assessor | |
| Website | buckingham.interactivegis.com |