Prince Edward County, Virginia Property Taxes
Census Bureau ACS property tax data for Virginia. Population: 4,532.
The median annual property tax in Prince Edward County is $820, which is 58% lower than the Virginia state average and 57% below the national average. The effective tax rate is 0.40% on a median home value of $203,700. Property taxes represent 1.5% of the median household income in this county.
Median Annual Tax
$820
-58% vs State
-57% vs US
Median Home Value
$203,700
-27% vs State
-4% vs US
Effective Tax Rate
0.40%
-40% vs State
-58% vs US
With vs Without Mortgage
With Mortgage
$863
$72/mo
Without Mortgage
$784
$65/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $820 -7.8% | 0.40% |
| 2022 | $889 +15.3% | 0.46% |
| 2021 | $771 +2.3% | 0.48% |
| 2020 | $754 -4.6% | 0.46% |
| 2019 | $790 | 0.49% |
Tax Burden
Tax-to-Income Ratio
1.5%
of median household income
Median Income
$55,082
per year
Monthly Tax
$68
per month
Other Counties in Virginia
Dickenson County
Tax: $503/yr Rate: 0.50%
Pittsylvania County
Tax: $907/yr Rate: 0.59%
Staunton city
Tax: $1,696/yr Rate: 0.71%
Accomack County
Tax: $962/yr Rate: 0.50%
Buckingham County
Tax: $874/yr Rate: 0.52%
Charlottesville city
Tax: $3,649/yr Rate: 0.81%
Frequently Asked Questions
What is the average property tax in Prince Edward County, Virginia? ▼
The median annual property tax in Prince Edward County is $820 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.40% on a median home value of $203,700.
How does Prince Edward County property tax compare to the national average? ▼
Property taxes in Prince Edward County are 57% below the national average of $1,923. The effective rate of 0.40% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Prince Edward County? ▼
In Prince Edward County, homeowners with a mortgage pay a median of $863 in annual property taxes, while homeowners without a mortgage pay $784. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Prince Edward County? ▼
Property taxes in Prince Edward County represent approximately 1.5% of the median household income of $55,082. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.