Hallieford, Mathews County, Virginia Property Taxes
Median Hallieford, 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 Hallieford, VA home value: $357,200. Median annual Hallieford, VA tax bill: $2,000, $400 lower than the national median property tax bill of $2,400.
How are property taxes in Mathews County calculated?
Property taxes in Hallieford, 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 Hallieford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hallieford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hallieford, Mathews County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.56%
Estimate Property Tax Bill
$2,040
$1,893
Property Tax Rates Across Hallieford, Mathews County, Virginia
Local government entities set tax rates, which can vary widely within a state. This variance is due to each county annually estimating its required budget to provide services and then dividing 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.
You can compare Hallieford’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Hallieford, located in Mathews County, boasts a property tax rate of 0.56%, which is significantly lower than the national median of 1.02%. This makes Hallieford an attractive option for property owners seeking lower tax burdens. With the national median property tax bill sitting at $2400, the lower rates in Hallieford offer potential savings for homeowners. Understanding these differences can help property owners make informed decisions about where to purchase or invest in real estate.
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 Hallieford Tax Rate
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 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 Hallieford, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23068 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Hallieford, Mathews County, Virginia
When examining property taxes in Hallieford, 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 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.
In Mathews County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Hallieford. For example, the median home price in Hallieford is $357,200, with tax bills ranging significantly across the county. ZIP code 23068 has the highest median home price at $357,200.
Property Tax Assessment Values Across Hallieford, Mathews County, Virginia
Source: Ownwell
$179,500
$271,850
$364,200
Median Hallieford Market Value
$364,200
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 Hallieford, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23068 | $88,450 | $198,400 | $364,200 | $524,050 | $784,200 |
Source: Ownwell
Property Tax Bills Across Hallieford, Mathews County, Virginia
Median Hallieford Tax Bill
$2,040
Median Mathews County Tax Bill
$1,334
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Hallieford, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23068 | $513 | $1,119 | $2,040 | $2,899 | $4,256 |
Source: Ownwell