Farmville, Cumberland County, Virginia Property Taxes

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

Median Farmville, VA effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Farmville, VA home value: $119,550
Median annual Farmville, VA tax bill: $897, $1,503 lower than the national median property tax bill of $2,400.

How are property taxes in Cumberland calculated?

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

Last Updated March 1, 2025

Farmville, Cumberland County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.6%

Estimate Property Tax Bill

$942

$874

Ownwell’s Farmville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Farmville with just two data points.

By entering your property's estimated assessed value, our calculator applies Farmville’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 Cumberland.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Farmville, Cumberland County, Virginia

Local government entities set tax rates, which can vary widely within a state. 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 Farmville’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Farmville, located in Cumberland County, features a property tax rate of 0.75%, which is notably lower than the national median property tax rate of 1.02%. This makes Farmville an attractive option for property owners seeking lower tax obligations. In contrast, while some regions in the U.S. face property tax bills exceeding the national median of $2400, Farmville offers a more affordable alternative. This favorable tax environment can enhance property value appreciation and overall affordability, making Farmville a compelling choice for both current and prospective homeowners.

Property Tax Rates Across Farmville, Cumberland County, Virginia

Source: Ownwell

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 Farmville Tax Rate

0.60%

Median Effective Cumberland County Tax Rate

0.60%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Farmville, Cumberland County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23901	0.60%	0.60%	0.60%	0.60%	0.60%

Source: Ownwell

Property Tax Assessment Values Across Farmville, Cumberland County, Virginia

When examining property taxes in Farmville, 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 Cumberland 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. Assessment notices: In Cumberland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of June. 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 Farmville. For example, the median home price in Farmville is $119,550, with tax bills ranging significantly across the county. Zip code 23901 has the highest median home price at $119,550.

Property Tax Assessment Values Across Farmville, Cumberland County, Virginia

Source: Ownwell

$140,190

$175,455

$210,720

Median Farmville Market Value

$156,930

Median Cumberland County Market Value

$170,330

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Farmville, Cumberland County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23901	$51,190	$94,355	$156,930	$248,880	$383,278

Source: Ownwell

Property Tax Bills Across Farmville, Cumberland County, Virginia

In Farmville, located in Cumberland County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In this region, homeowners experience a median property tax bill of $897, which is significantly lower than the national median of $2,400. Factors such as the home's size, age, location, and any improvements made can influence its assessed value, thereby impacting the tax bill. Homeowners in Farmville may find their tax bills falling within a range, from the 25th percentile at $548 to the 90th percentile reaching $2,230. Ownwell offers services to help homeowners in Farmville potentially reduce their property tax bills. By providing expert analysis and filing appeals on behalf of homeowners, Ownwell can ensure that property assessments are fair and accurate, potentially leading to considerable savings on annual tax bills.

Property Tax Bills Across Farmville, Cumberland County, Virginia

Source: Ownwell

$841

$1,038

$1,235

Median Farmville Tax Bill

$942

Median Cumberland County Tax Bill

$1,019

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Farmville, Cumberland County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23901	$307	$569	$942	$1,510	$2,328

Source: Ownwell