Crimora, Virginia Property Taxes
The median property tax rate in Crimora, VA is 0.63%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Crimora at $161,800, the typical annual property tax bill amounts to $992, well below the national median of $2,690. Property taxes in Crimora are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crimora'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 Crimora or another part of Augusta County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crimora, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,019
Ownwell’s Crimora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crimora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crimora 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 Crimora, Virginia
Property taxes in Crimora, Virginia, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Crimora is 0.63%, which is below the U.S. national median of 0.99%. Local government entities within Crimora set these rates annually, and they can vary across different neighborhoods. Each year, Crimora 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 Crimora's effective property tax rate to other counties in Virginia and the national median. For comparison, 24431 has the highest median property tax rate of 0.63%, while 24431 also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Crimora provides valuable insights into the varying tax landscape across Augusta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crimora Tax Rate
0.63%
Average Augusta County Tax Rate
0.63%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crimora, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24431 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Crimora, Virginia
In Crimora, 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 Augusta County Assessor's Office 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 Crimora, 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 Crimora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Crimora is $161,800, with the highest median tax bill being $992 in the 24431 zip code.
Average Crimora Assessed Value
$161,800
Average Augusta County Assessed Value
$204,500
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crimora, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24431 | $66,780 | $117,014 | $161,800 | $242,050 | $340,330 |
Source: Ownwell
Property Tax Bills Across Crimora, Virginia
In Crimora, located in Augusta County, VA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Crimora is $161,800. Property assessments are conducted to determine the market value of a property, which is then multiplied by the local tax rate to generate the annual tax bill. For homeowners in Crimora, tax bills can vary significantly. The 25th percentile tax bill is $711, while the 75th percentile tax bill reaches $1,446. At the 90th percentile, homeowners may pay up to $1,938 annually. These figures highlight the range of property tax burdens within the area, influenced by factors such as property size, location, and improvements. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding how Crimora's property taxes measure up. Homeowners in Crimora benefit from understanding these factors, as it helps them anticipate their annual financial obligations and plan accordingly.
Average Crimora Tax Bill
$992
Average Augusta County Tax Bill
$1,250
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Crimora, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24431 | $378 | $711 | $992 | $1,446 | $1,938 |
Source: Ownwell