Roseland, Virginia Property Taxes
The median property tax rate in Roseland, VA is 0.63%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Roseland at $438,650, the typical annual property tax bill reaches $2,763, slightly exceeding the national median of $2,690. Property taxes in Roseland are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Roseland'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 Roseland 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
Roseland, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$2,763
$2,564
Ownwell’s Roseland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roseland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roseland 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 Roseland, Virginia
Property taxes in Roseland, Virginia, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Roseland is 0.63%, which is lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Roseland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roseland 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 Roseland's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 22967 has both the highest and lowest median property tax rate of 0.63%. Understanding how these cities compare with Roseland 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 Roseland 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 Roseland, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22967 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Roseland, Virginia
In Roseland, 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 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 Roseland, 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 Roseland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Roseland are both $2,763, found in the 22967 zip code.
Average Roseland Assessed Value
$438,650
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 Roseland, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22967 | $341,440 | $375,500 | $438,650 | $494,325 | $681,520 |
Source: Ownwell
Property Tax Bills Across Roseland, Virginia
In Roseland, located in Augusta County, VA, property tax bills are determined by the assessed value of a home multiplied by the local tax rate. The assessed value is an estimate of the property's market value, which is determined by county assessors. Various factors, including property size, location, and market conditions, influence this assessment. For homeowners in Roseland, the median home price is $438,650, which serves as a benchmark for calculating taxes. The tax bill can vary significantly depending on the property's value. For instance, homeowners at the 25th percentile pay around $2,366, while those at the 75th percentile face a higher bill of approximately $3,114. At the 90th percentile, the tax bill can go up to $4,294. These figures show a range of potential tax obligations that can impact household budgets. Comparatively, the national median property tax rate is 0.99%, making it essential for Roseland homeowners to understand how local rates and assessed values affect their annual tax bills.
Average Roseland Tax Bill
$2,763
Average Augusta County Tax Bill
$1,250
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Roseland, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22967 | $2,151 | $2,366 | $2,763 | $3,114 | $4,294 |
Source: Ownwell