Moon, Mathews County, Virginia Property Taxes
Median MOON, 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 MOON, VA home value: $281,150
Median annual MOON, VA tax bill: $1,574, $826 lower than the national median property tax bill of $2,400.
How are property taxes in Mathews calculated?
Property taxes in MOON, 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 MOON’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MOON, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Moon, 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
$1,583
$1,469
Property Tax Rates Across Moon, Mathews County, Virginia
Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county annually calculates its needed budget for services and divides it by the total value of all taxable property in its area. This calculation establishes the property tax rate. Although there are votes and laws involved in setting these rates and budgets, this is essentially the annual process.
In MOON, located in Mathews County, VA, the effective property tax rate is a key metric for homeowners to consider. Compared to other cities in Virginia and the national median, MOON offers a unique perspective on property taxation. With Virginia's median property tax rate being notably lower than the national average of 1.02%, homeowners in MOON may find themselves in a favorable position. This lower rate can translate to significant savings for property owners over time. Understanding these dynamics can empower homeowners to make informed decisions about property investments and financial planning. Whether you're a current resident or considering a move to MOON, knowing how local tax rates compare can be crucial in managing your financial future effectively.
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 Moon 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 Moon, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23119 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Moon, Mathews County, Virginia
When examining property taxes in MOON, 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.
Assessment notices: In Mathews County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 MOON. For example, the median home price in MOON is $281,150, with tax bills ranging significantly across the county. ZIP code 23119 has the highest median home price at $281,150.
Property Tax Assessment Values Across Moon, Mathews County, Virginia
Source: Ownwell
$179,500
$271,850
$364,200
Median Moon Market Value
$282,600
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 Moon, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23119 | $87,980 | $192,800 | $282,600 | $462,000 | $643,480 |
Source: Ownwell
Property Tax Bills Across Moon, Mathews County, Virginia
In MOON, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The median home price in this area is $281,150. Homeowners in Mathews County typically receive tax bills that range from $1,077 at the 25th percentile to $3,614 at the 90th percentile. The median property tax bill stands at $1,574, which is below the national median of $2,400. Factors influencing the tax bill include the property's assessed value and the local tax rate. For homeowners, these taxes can represent a significant annual expense, impacting their overall budget and financial planning.
Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax burdens. By analyzing property assessments and comparing them to market trends, Ownwell identifies opportunities for tax savings. This can lead to substantial reductions in property tax bills, offering financial relief and peace of mind for homeowners in MOON.
Median Moon Tax Bill
$1,583
Median Mathews County Tax Bill
$1,334
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Moon, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23119 | $471 | $1,074 | $1,583 | $2,586 | $3,579 |
Source: Ownwell