North, Mathews County, Virginia Property Taxes
Median NORTH, 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 NORTH, VA home value: $215,750
Median annual NORTH, VA tax bill: $1,208, $1,192 lower than the national median property tax bill of $2,400.
How are property taxes in Mathews calculated?
Property taxes in NORTH, 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 NORTH’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in NORTH, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
North, 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
$1,236
$1,147
Property Tax Rates Across North, Mathews County, Virginia
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the basic annual process.
In North, located in Mathews County, Virginia, the effective property tax rate is notably lower than both the state and national medians. With a median property tax rate of 0.56%, North stands out as having one of the lowest rates in Virginia, especially when compared to the national median property tax rate of 1.02%. This can be a significant advantage for property owners in North, as lower tax rates can lead to substantial savings over time. Understanding these differences can help homeowners make informed decisions about where to live and invest in property.
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 North 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 North, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23128 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across North, Mathews County, Virginia
When examining property taxes in North, 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.
In Mathews 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 North.
For example, the median home price in North is $215,750, with tax bills ranging significantly across the county. Zip code 23128 has the highest median home price at $213,000.
Property Tax Assessment Values Across North, Mathews County, Virginia
Source: Ownwell
$179,500
$271,850
$364,200
Median North Market Value
$220,800
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 North, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23128 | $40,530 | $93,625 | $220,800 | $393,875 | $558,090 |
Source: Ownwell
Property Tax Bills Across North, Mathews County, Virginia
Median North Tax Bill
$1,184
Median Mathews County Tax Bill
$1,334
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across North, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23128 | $212 | $515 | $1,184 | $2,197 | $3,113 |
Source: Ownwell