Stanardsville, Greene County, Virginia Property Taxes
The median property tax rate in Stanardsville, VA is 0.73%, lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Stanardsville at $180,900, the typical annual property tax bill is $1,251, which is less than the national median of $2,690. Property taxes in Stanardsville are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Stanardsville'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 Stanardsville or another part of Greene County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stanardsville, Greene County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,321
$1,225
Ownwell’s Stanardsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stanardsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanardsville 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 Stanardsville, Greene County, Virginia
Property taxes in Stanardsville, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanardsville is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Stanardsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanardsville 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 Stanardsville's effective property tax rate to other areas in Greene County and the national median. For comparison, the 22973 zip code has the highest median property tax rate of 0.73%, while the same zip code also has the lowest median tax rate of 0.73%. Understanding how these areas compare with Stanardsville provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanardsville Tax Rate
0.73%
Average Greene County Tax Rate
0.73%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanardsville, Greene County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22973 | 0.66% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Stanardsville, Greene County, Virginia
In Stanardsville, 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 Greene 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 Stanardsville, 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 Stanardsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 22973 has both the highest and lowest median tax bill, standing at $1,251.
Property Tax Assessment Values Across Stanardsville, Greene County, Virginia
Source: Ownwell
$94,600
$217,575
$340,550
Average Stanardsville Assessed Value
$180,900
Average Greene County Assessed Value
$237,700
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanardsville, Greene County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22973 | $17,420 | $51,250 | $180,900 | $304,800 | $458,380 |
Source: Ownwell
Property Tax Bills Across Stanardsville, Greene County, Virginia
In Stanardsville, VA, located in Greene County, property tax bills are calculated based on the assessed value of a property and the local tax rate. The median home price in this area is $180,900. Homeowners' tax bills can vary significantly, influenced by factors such as property size, location, and improvements. The tax bill for the 25th percentile is $330, while for the 75th percentile, it is $2115, with the 90th percentile reaching up to $2990. This range illustrates the variability in tax obligations based on property characteristics and assessed values. For comparison, the national median property tax rate stands at 0.99%. In Greene County, the highest and lowest median tax bills are both reported at $1251 in the 22973 zip code, reflecting consistent tax assessments within that area. Understanding these factors can help homeowners anticipate their annual tax liabilities and budget accordingly.
Average Stanardsville Tax Bill
$1,251
Average Greene County Tax Bill
$1,688
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanardsville, Greene County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22973 | $112 | $330 | $1,251 | $2,115 | $2,990 |
Source: Ownwell