Mount Crawford, Virginia Property Taxes
The median property tax rate in Mount Crawford, VA is 0.63%, notably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $243,900 in Mount Crawford, the typical annual property tax bill is approximately $1,337, which is significantly below the national median of $2,690. Property taxes in Mount Crawford are based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Mount Crawford'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 Mount Crawford or another part of Augusta County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mount Crawford, 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 Mount Crawford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Crawford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Crawford 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 Mount Crawford, Virginia
Property taxes in Mount Crawford, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Crawford is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Mount Crawford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Crawford 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 Mount Crawford's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 22841 has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Mount Crawford 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 Mount Crawford 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 Mount Crawford, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22841 | 0.46% | 0.54% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Mount Crawford, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mount Crawford, 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 Augusta 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 Mount Crawford, 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. Mount Crawford's median home price is $243,900, with tax bills ranging from $691 at the 25th percentile to $2,212 at the 90th percentile. The zip code 22841 has the highest and lowest median tax bill, both at $1,337. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mount Crawford, Virginia
Source: Ownwell
$46,700
$242,675
$438,650
Average Mount Crawford Assessed Value
$243,900
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 Mount Crawford, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22841 | $77,090 | $109,650 | $243,900 | $326,128 | $461,004 |
Source: Ownwell
Property Tax Bills Across Mount Crawford, Virginia
In Mount Crawford, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or renovations made to the property. For homeowners in Mount Crawford, the tax bill can vary significantly. The 25th percentile of property tax bills is around $691, while the 75th percentile reaches $1727, and the 90th percentile can be as high as $2212. These figures indicate that property taxes can have a substantial impact on household budgets, particularly for those with higher-valued homes. In comparison to the national median property tax rate of 0.99%, Mount Crawford's property taxes are relatively moderate. However, homeowners should still be mindful of the assessed values and any potential changes that could affect their tax obligations.
Average Mount Crawford Tax Bill
$1,337
Average Augusta County Tax Bill
$1,250
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Crawford, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22841 | $486 | $691 | $1,337 | $1,727 | $2,212 |
Source: Ownwell