King William County, Virginia property tax
The median homeowner in King William County, Virginia pays $1,733 a year in property tax on a home worth $276,500, an effective rate of 0.63%. The national effective rate is 0.98%.
What the rate means here
At 0.63%, King William County taxes property more lightly than the national 0.98%. That puts the median bill at $1,733. Rates this low usually mean the state, rather than the county, carries more of the school funding.
It ranks #64 of 129 Virginia counties by effective rate, against a statewide 0.74%, and #1,996 nationally. The state runs from 1.14% in Manassas Park city down to 0.40% in Prince Edward County.
The median home costs 3.24 times the median household income of $85,212, close to the national 3.86. This is a small rural county of 18,232 people. Five-year survey estimates for places this size carry wide margins of error, so treat the figures as approximate.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| King William County | Virginia | United States | |
|---|---|---|---|
| Effective property tax | 0.63% | 0.74% | 0.98% |
| Median tax bill | $1,733 | $2,686 | $2,969 |
| Median home value | $276,500 | $360,700 | $303,400 |
| Median gross rent | $1,246 | $1,514 | $1,348 |
| Median household income | $85,212 | $90,974 | $78,538 |
| Home price to income | 3.24× | 3.96× | 3.86× |
| Rent as share of income | 17.55% | 19.97% | 20.6% |
| Owner-occupied | 88.8% | 67.18% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 18,232.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Colonial Heights city | 0.92% | $2,127 | $231,700 |
| Southampton County | 0.66% | $1,380 | $208,800 |
| Westmoreland County | 0.62% | $1,506 | $244,000 |
| Patrick County | 0.58% | $851 | $146,500 |
| Bristol city | 0.77% | $1,294 | $168,700 |
King William County property tax: common questions
What is the property tax rate in King William County, Virginia?
The effective rate is 0.63% of home value, from a median tax bill of $1,733 against a median home value of $276,500. That is 0.35 points below the national 0.98%.
How much is property tax on a $400,000 home in King William County?
Roughly $2,520 a year at the county effective rate of 0.63%.
Is King William County expensive compared with the rest of Virginia?
It ranks #64 of 129 Virginia counties by effective property tax rate, and #1996 of 2,826 nationally. That is 0.11 points below the Virginia average of 0.74%.
What does housing cost in King William County?
The median home is worth $276,500 and median gross rent is $1,246 a month. Median household income is $85,212, which puts the home at 3.24 times annual income and rent at 17.55% of it.