Cullen, Prince Edward County, Virginia Property Taxes
Property Taxes in Cullen, Virginia
Median Cullen, Virginia effective property tax rate: 0.51%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Cullen, Virginia home value: $117,600
Median annual Cullen, Virginia tax bill: $595, $1,805 lower than the national median property tax bill of $2,400.
How are property taxes in Prince Edward calculated?
Property taxes in Cullen, Virginia 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 Cullen's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cullen, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Cullen, Prince Edward County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.51%
Estimate Property Tax Bill
$600
$557
How Does the Cullen Property Tax Calculator Work?
Use this Cullen property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cullen's median effective tax rate of 0.51% — based on actual property records in Prince Edward County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Cullen's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Cullen's rate is lower than Virginia's 0.90% median tax rate and the national median property tax rate of 1.02%, with a median property tax bill of $595. That is $1,805 lower than the state median bill.
Your bill may vary by ZIP code within Cullen: rates range from 0.51% in 23934 to 0.51% in 23934, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Cullen.
About Cullen Property Taxes
About Property Taxes in Cullen, Prince Edward, Virginia
Cullen’s median effective property tax rate of 0.51% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Prince Edward County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Cullen. Homeowners in ZIP code 23934 carry a median effective rate of 0.51%, while those in the same ZIP also pay 0.51%. This reflects how school district boundaries and local assessment districts are drawn across Prince Edward County. Understanding where you live in Cullen can still help you better estimate your annual tax bill.
Cullen homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before June 1, 2026.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Cullen, Prince Edward County, Virginia
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Cullen's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
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 Cullen Tax Rate
0.51%
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 Prince Edward County Tax Rate
0.51%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cullen, Prince Edward County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23934 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Cullen, Prince Edward County, Virginia
When examining property taxes in Cullen, 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 Prince Edward 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 Prince Edward County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of January.
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 Cullen.
For example, the median home price in Cullen is $117,600, with tax bills ranging significantly across the county. 23934 has the highest median home price at $117,600.
Property Tax Assessment Values Across Cullen, Prince Edward County, Virginia
Source: Ownwell
$102,300
$129,300
$156,300
Median Cullen Market Value
$117,600
Median Prince Edward County Market Value
$130,400
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cullen, Prince Edward County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23934 | $30,200 | $86,200 | $117,600 | $162,750 | $239,100 |
Source: Ownwell
Property Tax Bills Across Cullen, Prince Edward County, Virginia
Property tax bills in Cullen are calculated by taking the assessed value of a home and applying the local tax rate set for Prince Edward County. The assessed value is based on the market value of the property, so changes in home prices can affect what homeowners owe. A home with a higher assessed value will generally face a larger tax bill, while a lower assessed value can keep taxes more manageable.
For Cullen homeowners, the typical bill reflects a relatively modest local market. The median home price is $117,600, and the median property tax bill is $595, which is well below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. Bills can still vary, though, with the 25th percentile at $435 and the 75th percentile at $830.
Because property taxes are tied to assessed value, homeowners may see their bills rise if their home is valued higher over time.
Median Cullen Tax Bill
$595
Median Prince Edward County Tax Bill
$655
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Cullen, Prince Edward County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23934 | $148 | $435 | $595 | $830 | $1,219 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Prince Edward Tax Assessor | |
| Website | epayments.co.prince-edward.va.us |