Harrisonburg County, Virginia Property Taxes
The median property tax rate in Harrisonburg is 0.96%, which is slightly lower than the national median of 0.99% but higher than the Virginia state median of 0.89%. With a median home value of $245,500 in Harrisonburg, the typical annual property tax bill is around $2,313, which is below the national median of $2,690. Property taxes in Harrisonburg are calculated based on the tax assessed value, often lower than the actual market value due to various exemptions like primary residence and agricultural exemptions. Understanding Harrisonburg's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Harrisonburg or another part of the county, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harrisonburg County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$2,357
$2,187
Ownwell’s Harrisonburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Harrisonburg with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Harrisonburg to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Harrisonburg County, Virginia
Property taxes in Harrisonburg play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Harrisonburg is 0.96%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Harrisonburg set these rates annually, and they can vary significantly between different areas within the county. Each year, Harrisonburg estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Harrisonburg's effective property tax rate with other counties in Virginia and the national median. For comparison, the city of Harrisonburg has one of the higher property tax rates in Virginia at 0.96%, while the city of Rockingham boasts one of the lowest at 0.93%. Analyzing how Harrisonburg's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Harrisonburg County Tax Rate
0.96%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrisonburg County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Harrisonburg | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
| Rockingham | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Harrisonburg County, Virginia
In Harrisonburg, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Harrisonburg Appraisal District. The assessed value, however, 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. Assessment notices in Harrisonburg are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Harrisonburg has a median home price of $245,500, with tax bills varying significantly across the county. Harrisonburg city has the highest median tax bill of $2,313, while Rockingham records the lowest median tax bill at $1,338. Being aware of these valuation processes in Harrisonburg will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Harrisonburg County, Virginia
Source: Ownwell
$219,400
$244,250
$269,100
Average Harrisonburg County Assessed Value
$245,500
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harrisonburg County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Harrisonburg | $159,200 | $191,200 | $245,500 | $304,050 | $405,880 |
| Rockingham | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Harrisonburg County, Virginia
In Harrisonburg, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $245,500 in Harrisonburg, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,830, while the 75th percentile reaches approximately $2,859, and the 90th percentile can go up to $3,737. Several factors influence the assessed value, including the property's location, size, and condition. These values can significantly affect homeowners, as higher assessments lead to higher tax bills. Compared to the national median property tax rate of 0.99%, Harrisonburg's tax bills reflect the specific economic and property market conditions of the area. Notably, Harrisonburg has the highest median tax bill in the region at $2,313, while nearby Rockingham has the lowest at $1,338, illustrating the variability within the county.
Average Harrisonburg County Tax Bill
$2,313
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrisonburg County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Harrisonburg | $1,517 | $1,830 | $2,313 | $2,859 | $3,736 |
| Rockingham | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell