Cardinal, Mathews County, Virginia Property Taxes

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

Median CARDINAL, VA effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median CARDINAL, VA home value: $216,700
Median annual CARDINAL, VA tax bill: $1,214, $1,186 lower than the national median property tax bill of $2,400.

How are property taxes in Mathews County calculated?

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

Last Updated March 1, 2025

Cardinal, Mathews County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.56%

Estimate Property Tax Bill

$1,264

$1,173

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

Property Tax Rates Across Cardinal, Mathews County, Virginia

Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget required to provide essential services and then divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While the setting of tax rates and budgets involves votes and laws, this is the basic annual process. You can compare CARDINAL's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. CARDINAL, located in Mathews County, has a median property tax rate of 0.56%, which is notably lower than the national median of 1.02%. This means homeowners in CARDINAL benefit from a lower property tax burden compared to the national average. Understanding these rates and how they are determined can empower property owners to make informed decisions about appealing their property taxes and seeking exemptions.

Property Tax Rates Across Cardinal, Mathews County, Virginia

Source: Ownwell

0.56%

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 Cardinal Tax Rate

0.56%

Median Effective Mathews County Tax Rate

0.56%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cardinal, Mathews County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23025	0.56%	0.56%	0.56%	0.56%	0.56%

Source: Ownwell

Property Tax Assessment Values Across Cardinal, Mathews County, Virginia

When examining property taxes in Cardinal, 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 Mathews 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: Mathews County sends assessment notices 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 Cardinal. For example, the median home price in Cardinal is $216,700, with tax bills ranging significantly across the county. 23025 has the highest median home price at $216,700.

Property Tax Assessment Values Across Cardinal, Mathews County, Virginia

Source: Ownwell

$179,500

$271,850

$364,200

Median Cardinal Market Value

$225,700

Median Mathews County Market Value

$239,800

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cardinal, Mathews County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23025	$56,860	$118,800	$225,700	$505,150	$751,860

Source: Ownwell

Property Tax Bills Across Cardinal, Mathews County, Virginia

In the city within Mathews County, Virginia, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is based on the median home price of $216,700. Homeowners in this area experience tax bills that range significantly, with the 25th percentile at $644, the 75th percentile at $2,703, and the 90th percentile reaching $4,103. Compared to the national median property tax bill of $2,400, Mathews County's figures show a wide range of financial impact on homeowners. The highest and lowest median tax bills in the county are both $1,214, indicating uniformity across certain zip codes like 23025. This variability in tax bills highlights the importance of accurate assessments and potential savings opportunities. Ownwell assists homeowners by identifying discrepancies in property assessments and applying for exemptions, potentially reducing tax liabilities. By leveraging expert knowledge and resources, Ownwell helps ensure homeowners pay only their fair share, providing peace of mind and financial relief.

Property Tax Bills Across Cardinal, Mathews County, Virginia

Source: Ownwell

$1,005

$1,523

$2,040

Median Cardinal Tax Bill

$1,219

Median Mathews County Tax Bill

$1,334

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Cardinal, Mathews County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23025	$317	$647	$1,219	$2,710	$4,218

Source: Ownwell