Shenandoah, Virginia Property Taxes
The median property tax rate in Shenandoah, VA is 0.73%, which is notably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $151,050 in Shenandoah, the typical annual property tax bill amounts to $1,051, significantly below the national median of $2,690. Property taxes in Shenandoah are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Shenandoah's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Shenandoah or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shenandoah, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,103
Ownwell’s SHENANDOAH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SHENANDOAH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SHENANDOAH to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Shenandoah, Virginia
Property taxes in Shenandoah, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shenandoah is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Shenandoah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shenandoah estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Shenandoah's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22849 zip code has both the highest and lowest median property tax rate of 0.73%. Understanding how these cities compare with Shenandoah provides valuable insights into the varying tax landscape across Page County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shenandoah Tax Rate
0.73%
Average Page County Tax Rate
0.73%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shenandoah, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22849 | 0.70% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Shenandoah, Virginia
In Shenandoah, Virginia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Page County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Shenandoah, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Shenandoah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Shenandoah is $1,051 in the 22849 zip code, while the lowest median tax bill is also $1,051 in the same zip code.
Average Shenandoah Assessed Value
$151,050
Average Page County Assessed Value
$161,600
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shenandoah, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22849 | $65,540 | $109,675 | $151,050 | $204,500 | $267,720 |
Source: Ownwell
Property Tax Bills Across Shenandoah, Virginia
In Shenandoah, VA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county and reflects the estimated market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Shenandoah, the median home price is $151,050. Property tax bills can vary significantly, with the 25th percentile at $746 and the 75th percentile at $1,464. The highest median tax bill in the area is $1,051, which is notably lower than the national median property tax rate of 0.99%. These property taxes fund essential services such as schools, public safety, and infrastructure. Understanding how property tax bills are determined helps homeowners anticipate their annual expenses and plan their finances accordingly. The variability in tax bills also highlights the importance of accurate property assessments in ensuring fair taxation.
Average Shenandoah Tax Bill
$1,051
Average Page County Tax Bill
$1,133
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Shenandoah, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22849 | $379 | $746 | $1,051 | $1,464 | $1,923 |
Source: Ownwell