Lancaster, Northumberland County, Virginia Property Taxes
Median LANCASTER, VA effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median LANCASTER, VA home value: $73,600
Median annual LANCASTER, VA tax bill: $449, $1,951 lower than the national median property tax bill of $2,400.
How are property taxes in Northumberland calculated?
Property taxes in LANCASTER, 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 LANCASTER’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LANCASTER, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lancaster, Northumberland County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$486
$451
Property Tax Rates Across Lancaster, Northumberland County, Virginia
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 Lancaster Tax Rate
0.66%
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 Northumberland County Tax Rate
0.66%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lancaster, Northumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22503 | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Lancaster, Northumberland County, Virginia
When examining property taxes in Lancaster, 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 Northumberland 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 Northumberland 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 Lancaster. For example, the median home price in Lancaster is $73,600, with tax bills ranging significantly across the county. Zip code 22503 has the highest median home price at $73,600.
Property Tax Assessment Values Across Lancaster, Northumberland County, Virginia
Source: Ownwell
$73,600
$201,950
$330,300
Median Lancaster Market Value
$73,600
Median Northumberland County Market Value
$189,200
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lancaster, Northumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22503 | $24,300 | $44,500 | $73,600 | $151,450 | $164,240 |
Source: Ownwell
Property Tax Bills Across Lancaster, Northumberland County, Virginia
In Lancaster, VA, property tax bills are calculated based on the assessed value of a home. This value is determined by the local tax assessor and is used to calculate the tax bill by applying the local tax rate. Factors such as the property's location, size, and condition can influence its assessed value. In Lancaster, the median property tax bill is $449, which is significantly lower than the national median of $2,400. However, the tax bill can vary, with the 25th percentile at $271 and the 90th percentile reaching $1,002.
High property taxes can strain homeowners, making it crucial to ensure that assessments are accurate. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially lower their tax bills. By reviewing your property's assessment and identifying discrepancies, Ownwell can assist in filing appeals to ensure fair taxation. This service not only saves money but also provides peace of mind, knowing that your property taxes are accurate and just.
Median Lancaster Tax Bill
$486
Median Northumberland County Tax Bill
$1,227
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Lancaster, Northumberland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22503 | $160 | $294 | $486 | $1,000 | $1,084 |
Source: Ownwell