Wakefield, Sussex County, Virginia Property Taxes
Property Taxes in Wakefield, Virginia
Median Wakefield, Virginia effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Wakefield, Virginia home value: $99,800
Median annual Wakefield, Virginia tax bill: $475, lower than the national median property tax bill of $2,400.
How are property taxes in Sussex calculated?
Property taxes in Wakefield, 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 Wakefield's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wakefield, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Wakefield, Sussex County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.48%
Estimate Property Tax Bill
$479
$445
How Does the Wakefield Property Tax Calculator Work?
Use this Wakefield property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Wakefield's median effective tax rate of 0.48% — based on actual property records in Sussex County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Wakefield's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Wakefield: rates range from 0.48% in 23888 to 0.48% in 23888, 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 Wakefield.
About Wakefield Property Taxes
About Property Taxes in Wakefield, Sussex, Virginia
Wakefield’s median effective property tax rate of 0.48% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Sussex 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 Wakefield. Homeowners in ZIP code 23888 carry a median effective rate of 0.48%, while those in the same ZIP code also pay 0.48%. This reflects how school district boundaries and local assessment districts are drawn across Sussex County. Understanding where you live in Wakefield can still make a meaningful difference to your annual tax bill.
Wakefield homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline each year.
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 Wakefield, Sussex 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 Wakefield'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 Wakefield Tax Rate
0.48%
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 Sussex County Tax Rate
0.48%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wakefield, Sussex County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23888 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Wakefield, Sussex County, Virginia
When examining property taxes in Wakefield, 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 Sussex 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 Sussex County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Wakefield.
For example, the median home price in Wakefield is $99,800, with tax bills ranging significantly across the county. 23888 has the highest median home price at $99,800.
Property Tax Assessment Values Across Wakefield, Sussex County, Virginia
Source: Ownwell
$74,950
$133,850
$192,750
Median Wakefield Market Value
$99,800
Median Sussex County Market Value
$105,550
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wakefield, Sussex County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23888 | $20,180 | $49,350 | $99,800 | $166,550 | $261,680 |
Source: Ownwell
Property Tax Bills Across Wakefield, Sussex County, Virginia
Wakefield property tax bills are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value is the starting point for determining how much a homeowner owes each year, and it can change when the market changes or when local assessments are updated.
Several factors can affect the final tax bill, including the home’s value, the tax rate set by local governments, and any exemptions or special assessments that may apply. For homeowners in Wakefield, this means two similar homes can still have different tax bills if their assessed values differ.
The median home price in Wakefield is $99,800, and the median property tax bill is $475.00. That bill is lower than the national median property tax bill of $2,400, which can make local property taxes more manageable for many homeowners. Still, even a modest increase in assessed value can raise the bill and affect monthly housing costs.
Median Wakefield Tax Bill
$475
Median Sussex County Tax Bill
$502
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Wakefield, Sussex County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23888 | $98 | $235 | $475 | $795 | $1,248 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Sussex Tax Assessor | |
| Website | eservices.sussexcountyva.gov |