Criders, Virginia Property Taxes
The median property tax rate in Criders, VA is 0.68%, which is lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Criders at $171,250, the typical annual property tax bill amounts to $1,062, falling below the national median of $2,690. Property taxes in Criders are calculated based on the assessed value, which often comes in lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Criders' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Criders or another part of Rockingham County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Criders, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,165
Ownwell’s Criders Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Criders with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Criders 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 Criders, Virginia
Property taxes in Criders, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Criders is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Criders set these rates annually, and they can vary significantly across different neighborhoods. Each year, Criders 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 Criders's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22820 zip code has the highest median property tax rate of 0.68%, while the same 22820 zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Criders 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 Criders 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 Criders, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22820 | 0.40% | 0.56% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Criders, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Criders, 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 Criders, 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. The median home price in Criders is $171,250, with tax bills ranging from $468 at the 25th percentile to $2,168 at the 90th percentile. The highest and lowest median tax bills are both $1,062 in the 22820 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Criders Assessed Value
$171,250
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 Criders, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22820 | $40,680 | $77,450 | $171,250 | $253,300 | $376,810 |
Source: Ownwell
Property Tax Bills Across Criders, Virginia
In Criders, Rockingham County, VA, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Criders is $171,250. Homeowners' tax bills can vary significantly, with the 25th percentile paying around $468, and the 75th percentile facing bills up to $1,519. The top 10% of homeowners see tax bills as high as $2,168. The assessed value of a property is a critical factor in calculating the tax bill. This assessed value is multiplied by the local tax rate to determine the final amount owed. For comparison, the national median property tax rate is 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure. Consequently, higher property values or tax rates result in higher tax bills, impacting homeowners' annual expenses. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Criders Tax Bill
$1,062
Average Rockingham County Tax Bill
$1,584
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Criders, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22820 | $227 | $468 | $1,062 | $1,519 | $2,168 |
Source: Ownwell