Ruckersville, Greene County, Virginia Property Taxes
Median Ruckersville, VA effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Ruckersville, VA home value: $264,900
Median annual Ruckersville, VA tax bill: $1,905, $495 lower than the national median property tax bill of $2,400.
How are property taxes in Greene County calculated?
Property taxes in Ruckersville, VA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Ruckersville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ruckersville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ruckersville, Greene County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$1,934
$1,794
Property Tax Rates Across Ruckersville, Greene County, Virginia
Local government entities determine property tax rates, which can differ significantly even within the same state. This variability stems from each county's need to estimate its annual budget for essential services. By dividing this budget by the total value of taxable property in the area, the county arrives at its property tax rate. Although the process involves votes and legal stipulations, this is the essence of how annual property tax rates are set.
In Ruckersville, located in Greene County, VA, the effective property tax rate is 0.73%. This rate stands out when compared to other cities in Virginia and is notably lower than the national median property tax rate of 1.02%. The median property tax rate in Virginia also differs from the national median, highlighting the unique financial landscape of each region. For homeowners in Ruckersville, the local property tax rate offers a more favorable comparison to the national perspective, potentially making it an attractive area for property investment.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Ruckersville Tax Rate
0.73%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Greene County Tax Rate
0.73%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ruckersville, Greene County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22968 | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Ruckersville, Greene County, Virginia
When examining property taxes in Ruckersville, VA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Greene County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Greene County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Ruckersville. For example, the median home price in Ruckersville is $264,900, with tax bills ranging significantly across the county. Zip code 22968 has the highest median home price at $264,900.
Property Tax Assessment Values Across Ruckersville, Greene County, Virginia
Source: Ownwell
$94,600
$217,575
$340,550
Median Ruckersville Market Value
$264,900
Median Greene County Market Value
$237,700
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ruckersville, Greene County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22968 | $48,500 | $170,800 | $264,900 | $371,050 | $510,500 |
Source: Ownwell
Property Tax Bills Across Ruckersville, Greene County, Virginia
Median Ruckersville Tax Bill
$1,905
Median Greene County Tax Bill
$1,688
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Ruckersville, Greene County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22968 | $318 | $1,200 | $1,905 | $2,652 | $3,559 |
Source: Ownwell