23140 Property Tax Rate

Property owners in ZIP code 23140 (Providence Forge, Virginia) pay a median of $1,955/year in property taxes on homes valued at $332,600. This translates to an effective tax rate of 0.59%, which is 13% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23140 is approximately $163, which factors into escrow payments on mortgages. This ZIP code is located within New Kent County. This is $288 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 23140 has lower property taxes. ZIP codes with similar effective rates include 23126 (0.59%) and 24472 (0.59%).

In Providence Forge, property taxes represent approximately 2.0% of the median household income of $99,107, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax; New Kent County's 0.76% effective rate is a local county assessment. Seniors (65+), disabled persons, and surviving military spouses qualify for the Circuit Breaker program, an income-based relief that caps annual property tax liability — apply to the New Kent County Assessor's Office. Submit your application to the New Kent County Assessor promptly after closing to activate relief on your property this tax year.