Battery Park, Isle Of Wight County, Virginia Property Taxes

Name: Property Tax Bills Across Battery Park, Isle Of Wight County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Battery Park, VA effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%. Median Battery Park, VA home value: $221,200. Median annual Battery Park, VA tax bill: $1,615, $785 lower than the national median property tax bill of $2,400. How are property taxes in Isle of Wight calculated? Property taxes in Battery Park, 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 Battery Park's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Battery Park, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Battery Park, Isle Of Wight County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.73%

Estimate Property Tax Bill

$1,615

$1,498

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

Property Tax Rates Across Battery Park, Isle Of Wight County, Virginia

Local government entities determine tax rates, which can significantly differ within a state. This variance arises because each county annually estimates its budgetary needs to fund services and divides this by the total assessed value of all taxable properties within its area. This calculation establishes the property tax rate. Although votes and legislation play roles in setting these rates and budgets, this process essentially encapsulates the annual procedure.

Residents of Battery Park in Isle of Wight County, Virginia, experience an effective property tax rate of 0.73%. This rate is notably lower than the national median property tax rate of 1.02% and the national median property tax bill of $2400, providing a more affordable property tax environment. In comparison to other cities in Virginia, Battery Park maintains a consistent rate, reflecting the county's efficient budget management. For homeowners in Battery Park, this presents an opportunity to benefit from lower property taxes while enjoying the services funded by these taxes. Understanding these dynamics can empower property owners to make informed decisions about property investments and appeals.

Property Tax Rates Across Battery Park, Isle Of Wight County, Virginia

Source: Ownwell

0.73%

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 Battery Park Tax Rate

0.73%

Median Effective Isle Of Wight County Tax Rate

0.73%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Battery Park, Isle Of Wight County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23304	0.73%	0.73%	0.73%	0.73%	0.73%

Source: Ownwell

Property Tax Assessment Values Across Battery Park, Isle Of Wight County, Virginia

When examining property taxes in Battery Park, 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 Isle of Wight 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 Isle of Wight 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 Battery Park. For example, the median home price in Battery Park is $221,200, with tax bills ranging significantly across the county. Zip code 23304 has the highest median home price at $221,200.

Property Tax Assessment Values Across Battery Park, Isle Of Wight County, Virginia

Source: Ownwell

$162,500

$266,850

$371,200

Median Battery Park Market Value

$221,200

Median Isle Of Wight County Market Value

$333,650

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Battery Park, Isle Of Wight County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23304	$98,560	$177,800	$221,200	$322,100	$515,420

Source: Ownwell

Property Tax Bills Across Battery Park, Isle Of Wight County, Virginia

In Battery Park, located in Isle of Wight County, VA, property tax bills are calculated based on the assessed value of a home rather than its market value. The median property tax bill in this area is $1,615, which is significantly lower than the national median of $2,400. This lower tax bill is partly due to the area's median home price of $221,200. Homeowners in Battery Park may see their tax bills vary, with the 25th percentile at $1,298 and the 75th percentile at $2,351, while the 90th percentile reaches $3,763. These variations depend on factors such as property size, location, and any applicable exemptions or deductions. For homeowners looking to reduce their property tax bills, Ownwell offers valuable assistance. By leveraging local expertise and understanding of property tax laws, Ownwell can help homeowners identify potential savings through appeals and exemptions, ensuring they pay only their fair share. This can result in significant savings and a more manageable tax burden.

Property Tax Bills Across Battery Park, Isle Of Wight County, Virginia

Source: Ownwell

$1,186

$1,949

$2,712

Median Battery Park Tax Bill

$1,615

Median Isle Of Wight County Tax Bill

$2,431

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Battery Park, Isle Of Wight County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23304	$719	$1,298	$1,615	$2,351	$3,763

Source: Ownwell