Port Haywood, Mathews County, Virginia Property Taxes
Median PORT HAYWOOD, 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 PORT HAYWOOD, VA home value: $247,800
Median annual PORT HAYWOOD, VA tax bill: $1,388, $1,012 lower than the national median property tax bill of $2,400.
How are property taxes in Mathews calculated?
Property taxes in PORT HAYWOOD, 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 PORT HAYWOOD’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in PORT HAYWOOD, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Port Haywood, 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
$1,395
$1,294
Property Tax Rates Across Port Haywood, Mathews County, Virginia
Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate their necessary budget to provide services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is the core of the annual process.
In PORT HAYWOOD, located in Mathews County, VA, the effective property tax rate stands at 0.56%. This is significantly lower than the national median property tax rate of 1.02%. When comparing PORT HAYWOOD's rate to other cities in Virginia, it aligns with the state's median rate, showcasing a more affordable tax landscape.
The relatively low property tax rate in PORT HAYWOOD may be appealing to homeowners seeking to reduce their annual tax bills. With a national median property tax bill of $2400, residents in this area potentially enjoy considerable savings. This affordability can be a crucial factor for those considering relocation or investment in the region, highlighting PORT HAYWOOD as a financially attractive option.
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 Port Haywood 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 Port Haywood, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23138 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Port Haywood, Mathews County, Virginia
When examining property taxes in Port Haywood, 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 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 Port Haywood.
For example, the median home price in Port Haywood is $247,800, with tax bills ranging significantly across the county. Zip code 23138 has the highest median home price at $247,800.
Property Tax Assessment Values Across Port Haywood, Mathews County, Virginia
Source: Ownwell
$179,500
$271,850
$364,200
Median Port Haywood Market Value
$249,050
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 Port Haywood, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23138 | $64,160 | $137,925 | $249,050 | $414,325 | $565,600 |
Source: Ownwell
Property Tax Bills Across Port Haywood, Mathews County, Virginia
In Port Haywood, located in Mathews County, VA, property tax bills are calculated based on the assessed value of a home. The median home price here is $247,800, and the property tax rate is determined by the local government. Homeowners in Port Haywood can expect tax bills ranging from the 25th percentile at $763 to the 90th percentile at $3,167, with the median tax bill being $1,388. This is significantly lower than the national median property tax bill of $2,400, reflecting the relatively lower property tax rate in this area compared to the national median rate of 1.02%.
Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. For homeowners, this means their annual financial obligations can vary widely based on these assessments. Ownwell assists homeowners by evaluating these assessments, identifying potential inaccuracies, and appealing them to ensure fair taxation. By leveraging expertise and local knowledge, Ownwell can help homeowners potentially reduce their tax bills, offering both peace of mind and financial savings.
Median Port Haywood Tax Bill
$1,390
Median Mathews County Tax Bill
$1,334
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Port Haywood, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23138 | $327 | $763 | $1,390 | $2,325 | $3,167 |
Source: Ownwell