Singers Glen, Virginia Property Taxes
The median property tax rate in Singers Glen, VA is 0.68%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Singers Glen at $219,850, the typical annual property tax bill reaches $1,411, well below the national median of $2,690. Property taxes in Singers Glen are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Singers Glen's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Singers Glen 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
Singers Glen, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,495
Ownwell’s Singers Glen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Singers Glen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Singers Glen 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 Singers Glen, Virginia
Property taxes in Singers Glen, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Singers Glen 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 Singers Glen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Singers Glen 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 Singers Glen's effective property tax rate to other areas in Virginia and the national median. For comparison, the zip code 22850 has the same median property tax rate of 0.68%. Understanding how these areas compare with Singers Glen 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 Singers Glen 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 Singers Glen, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22850 | 0.49% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Singers Glen, Virginia
In Singers Glen, 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 Singers Glen, 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. The median home price in Singers Glen is $219,850, with tax bills ranging from $877 at the 25th percentile to $2,878 at the 90th percentile. Notably, the zip code 22850 has the highest and lowest median tax bill of $1,411. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Singers Glen, Virginia
Source: Ownwell
$144,500
$2,549,500
$4,954,500
Average Singers Glen Assessed Value
$219,850
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 Singers Glen, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22850 | $61,210 | $134,950 | $219,850 | $322,475 | $478,630 |
Source: Ownwell
Property Tax Bills Across Singers Glen, Virginia
In Singers Glen, property tax bills are calculated based on the assessed value of a home, which is determined by the Rockingham County assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence this assessed value, including the size, age, and condition of the property, as well as market trends and recent sales of comparable homes in the area. For homeowners in Singers Glen, the median home price is $219,850. This translates to varying tax bills depending on the specific property. Tax bills in the 25th percentile are around $877, while those in the 75th percentile reach approximately $2029. At the 90th percentile, homeowners can expect to pay around $2878. The highest and lowest median tax bills in the area are both $1411, found in the zip code 22850. Compared to the national median property tax rate of 0.99%, Singers Glen offers a competitive landscape for property taxes, impacting homeowners' annual financial planning and overall affordability of living in the area.
Average Singers Glen Tax Bill
$1,411
Average Rockingham County Tax Bill
$1,584
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Singers Glen, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22850 | $325 | $877 | $1,411 | $2,029 | $2,878 |
Source: Ownwell