Woodford, Caroline County, Virginia Property Taxes
Median Woodford, 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 Woodford, VA home value: $191,100
Median annual Woodford, VA tax bill: $1,471, $929 lower than the national median property tax bill of $2,400.
How are property taxes in Caroline County calculated?
Property taxes in Woodford, 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 Woodford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Woodford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Woodford, Caroline County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$1,481
$1,374
Property Tax Rates Across Woodford, Caroline County, Virginia
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 Woodford Tax Rate
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 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 Woodford, Caroline County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22580 | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Woodford, Caroline County, Virginia
When examining property taxes in Woodford, 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 Caroline 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 Caroline 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 Woodford. For example, the median home price in Woodford is $191,100, with tax bills ranging significantly across the county. Zip code 22580 has the highest median home price at $191,100.
Property Tax Assessment Values Across Woodford, Caroline County, Virginia
Source: Ownwell
$176,100
$216,250
$256,400
Median Woodford Market Value
$192,300
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 Woodford, Caroline County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22580 | $99,440 | $137,100 | $192,300 | $272,300 | $373,040 |
Source: Ownwell
Property Tax Bills Across Woodford, Caroline County, Virginia
In Woodford, Caroline County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Woodford is $191,100, which influences the overall tax bill. For homeowners, understanding these factors is crucial as the tax bill can significantly impact annual expenses. The 25th percentile tax bill in Woodford is $1,055, while the 75th percentile reaches $2,086, showing a range that homeowners might expect. The highest and lowest median tax bills in the area are both $1,471, reflecting the consistency within the specific zip code of 22580.
Ownwell assists homeowners by identifying potential inaccuracies in their property assessments and advocating for fairer taxation. By leveraging expertise in property tax appeals, Ownwell helps homeowners reduce their tax burden, potentially saving hundreds or even thousands of dollars annually. This service is invaluable in areas like Woodford, where property taxes can vary widely.
Median Woodford Tax Bill
$1,481
Median Caroline County Tax Bill
$1,578
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Woodford, Caroline County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22580 | $766 | $1,056 | $1,481 | $2,097 | $2,872 |
Source: Ownwell