Port Royal, Caroline County, Virginia Property Taxes

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

Median PORT ROYAL, VA effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median PORT ROYAL, VA home value: $229,500
Median annual PORT ROYAL, VA tax bill: $1,779, $621 lower than the national median property tax bill of $2,400.

How are property taxes in Caroline calculated?

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

Last Updated March 1, 2025

Port Royal, Caroline County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.77%

Estimate Property Tax Bill

$1,761

$1,634

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

Property Tax Rates Across Port Royal, Caroline County, Virginia

Local government entities in Virginia, like elsewhere, set tax rates that can vary significantly within the state. This variation is primarily because each county annually estimates its necessary budget to provide essential services and then divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While the process involves votes and laws, this is essentially how annual property tax rates are determined.

In Port Royal, located in Caroline County, the effective property tax rate is 0.77%, which is lower than the national median property tax rate of 1.02%. This rate is consistent across the state, as both the highest and lowest median tax rates in Virginia are also 0.77%. Compared to the national median property tax bill of $2,400, residents of Port Royal benefit from a relatively lower tax burden. Understanding these rates is crucial for property owners who want to make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Port Royal, Caroline County, Virginia

Source: Ownwell

0.77%

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 Port Royal Tax Rate

0.77%

Median Effective Caroline County Tax Rate

0.77%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Port Royal, Caroline County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22535	0.77%	0.77%	0.77%	0.77%	0.77%

Source: Ownwell

Property Tax Assessment Values Across Port Royal, Caroline County, Virginia

When examining property taxes in Port Royal, 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 Caroline County Tax Office 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 Caroline 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 Port Royal. For example, the median home price in Port Royal is $229,500, with tax bills ranging significantly across the county. 22535 has the highest median home price at $229,500.

Property Tax Assessment Values Across Port Royal, Caroline County, Virginia

Source: Ownwell

$176,100

$216,250

$256,400

Median Port Royal Market Value

$228,700

Median Caroline County Market Value

$199,900

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Port Royal, Caroline County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22535	$106,630	$157,525	$228,700	$370,275	$585,780

Source: Ownwell

Property Tax Bills Across Port Royal, Caroline County, Virginia

In Port Royal, located in Caroline County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in the area is $229,500. The local tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Port Royal can expect a median property tax bill of $1,779, which is below the national median of $2,400. However, property tax bills can vary significantly, with the 25th percentile at $1,216 and the 75th percentile reaching $2,915. At the 90th percentile, homeowners may face a tax bill as high as $4,542. Factors such as property improvements or changes in local tax rates can affect these amounts. Ownwell assists homeowners by providing expert property tax appeal and exemption services, potentially lowering their tax bills. By analyzing assessed values and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying, offering a valuable service in managing property tax expenses.

Property Tax Bills Across Port Royal, Caroline County, Virginia

Source: Ownwell

$1,356

$1,670

$1,984

Median Port Royal Tax Bill

$1,768

Median Caroline County Tax Bill

$1,578

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Port Royal, Caroline County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22535	$863	$1,217	$1,768	$2,862	$4,531

Source: Ownwell