Harrisonburg, Virginia Property Taxes
The median property tax rate in Harrisonburg, VA is 0.68%, notably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $160,150 in Harrisonburg, the typical annual property tax bill amounts to $966, which is significantly less than the national median of $2,690. Property taxes in Harrisonburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Harrisonburg'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 Harrisonburg or another part of the city, grasping the local property tax nuances will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harrisonburg, Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,780
Ownwell’s Harrisonburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harrisonburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harrisonburg 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 Harrisonburg, Virginia
Property taxes in Harrisonburg, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrisonburg is 0.68%, which is lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Harrisonburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrisonburg 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 Harrisonburg's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22801 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Harrisonburg provides valuable insights into the varying tax landscape across Rockingham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harrisonburg Tax Rate
0.68%
Average Rockingham County Tax Rate
0.68%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrisonburg, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22801 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| 22802 | 0.28% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Harrisonburg, Virginia
In Harrisonburg, 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 Rockingham County Appraisal District 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 Harrisonburg, 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. For instance, the highest median tax bill is $1271 in the 22801 zip code, while the lowest is $859 in the 22802 zip code. 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 Harrisonburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Harrisonburg, Virginia
Source: Ownwell
$144,500
$2,549,500
$4,954,500
Average Harrisonburg Assessed Value
$160,150
Average Rockingham County Assessed Value
$237,400
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harrisonburg, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22801 | $14,640 | $49,850 | $198,100 | $402,900 | $605,540 |
| 22802 | $19,440 | $55,450 | $144,500 | $222,400 | $339,320 |
Source: Ownwell
Property Tax Bills Across Harrisonburg, Virginia
In Harrisonburg, property tax bills are calculated based on the assessed value of a home, which is determined by the Rockingham County assessor's office. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. Factors such as the property's location, size, and condition can influence its assessed value. For example, the median home price in Harrisonburg is $160,150, which serves as a benchmark for tax calculations. Homeowners in Harrisonburg experience varying tax bills depending on their property's assessed value. The 25th percentile tax bill is $272, while the 75th percentile tax bill reaches $1,922. For those at the 90th percentile, tax bills can be as high as $2,941. The highest median tax bill in the region is $1,271 in the 22801 zip code, whereas the lowest is $859 in the 22802 zip code. These tax bills can significantly impact homeowners' finances, influencing decisions on purchasing and maintaining property within the city.
Average Harrisonburg Tax Bill
$966
Average Rockingham County Tax Bill
$1,584
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrisonburg, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22801 | $100 | $273 | $1,271 | $2,644 | $3,404 |
| 22802 | $77 | $253 | $859 | $1,341 | $2,172 |
Source: Ownwell