Shenandoah, Virginia Property Taxes
The median property tax rate in Shenandoah, VA is 0.68%, which is notably lower than the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $244,200 in Shenandoah, the typical annual property tax bill amounts to $1,592, significantly below the national median of $2,690. Property taxes in Shenandoah are calculated based on the tax assessed value, which often falls below the market value due to various 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, understanding 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
$2,500,000
$5,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,780
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, VA, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Shenandoah is 0.68%, lower than both the Virginia state median and 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 zip code 22849 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 areas compare with Shenandoah 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 Shenandoah 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 Shenandoah, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22849 | 0.36% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Shenandoah, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Shenandoah, Virginia. 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 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 zip code with the highest and lowest median tax bill in Shenandoah is 22849, with a median tax bill of $1,592.
Property Tax Assessment Values Across Shenandoah, Virginia
Source: Ownwell
$144,500
$2,549,500
$4,954,500
Average Shenandoah Assessed Value
$244,200
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 Shenandoah, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22849 | $84,280 | $176,700 | $244,200 | $349,700 | $496,680 |
Source: Ownwell
Property Tax Bills Across Shenandoah, Virginia
In Shenandoah, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the property tax rate set by the local government to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For instance, with a median home price of $244,200 in Shenandoah, homeowners can expect tax bills to vary significantly. The 25th percentile tax bill is around $1,052, while the 75th percentile tax bill reaches approximately $2,120. At the 90th percentile, tax bills can go up to $2,900. These figures show a range of tax burdens that can impact homeowners differently, depending on their property's assessed value. Comparatively, Shenandoah's median tax rate can be contrasted with the national median property tax rate of 0.99%, highlighting how local tax policies and property values can affect homeowners' financial responsibilities.
Average Shenandoah Tax Bill
$1,592
Average Rockingham County Tax Bill
$1,584
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 | $240 | $1,052 | $1,592 | $2,120 | $2,900 |
Source: Ownwell