Hudgins, Mathews County, Virginia Property Taxes
Median HUDGINS, 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 HUDGINS, VA home value: $257,700
Median annual HUDGINS, VA tax bill: $1,443, $957 lower than the national median property tax bill of $2,400.
How are property taxes in Mathews calculated?
Property taxes in HUDGINS, 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 HUDGINS’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in HUDGINS, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hudgins, 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
$1,428
$1,325
Property Tax Rates Across Hudgins, Mathews County, Virginia
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually 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 votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Hudgins, located in Mathews County, Virginia, the effective property tax rate stands out when compared to other cities in the state. The median property tax rate in Virginia is significantly lower than the national median, making it an attractive option for property owners. With the national median property tax rate at 1.02%, Hudgins offers a more favorable rate, contributing to its appeal. This lower tax burden can result in substantial savings for homeowners, making it a desirable location for those looking to maximize their investment. As property taxes are a crucial factor in homeownership costs, understanding and comparing these rates can empower property owners to make informed decisions.
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 Hudgins 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 Hudgins, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23076 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Hudgins, Mathews County, Virginia
When examining property taxes in Hudgins, 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 Hudgins. For example, the median home price in Hudgins is $257,700, with tax bills ranging significantly across the county. Zip code 23076 has the highest median home price at $257,700.
Property Tax Assessment Values Across Hudgins, Mathews County, Virginia
Source: Ownwell
$179,500
$271,850
$364,200
Median Hudgins Market Value
$255,000
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 Hudgins, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23076 | $62,120 | $153,600 | $255,000 | $434,900 | $641,860 |
Source: Ownwell
Property Tax Bills Across Hudgins, Mathews County, Virginia
Median Hudgins Tax Bill
$1,405
Median Mathews County Tax Bill
$1,334
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Hudgins, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23076 | $345 | $837 | $1,405 | $2,436 | $3,589 |
Source: Ownwell