Ruckersville, Orange County, Virginia Property Taxes
The median property tax rate in Ruckersville, VA is 0.77%, notably lower than both the national median of 0.99% and Virginia's state median of 0.89%. With the median home value in Ruckersville at $350,300, the typical annual property tax bill reaches $2,762, slightly under the national median of $2,690. Property taxes in Ruckersville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Ruckersville'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 Ruckersville or another part of Orange County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ruckersville, Orange County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$2,697
$2,503
Ownwell’s Ruckersville Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate annual property taxes in Ruckersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ruckersville to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value, assigned by the county for property tax calculations, includes any applicable exemptions, ensuring an accurate estimate of your tax obligations.
Property Tax Rates Across Ruckersville, Orange County, Virginia
Property taxes in Ruckersville, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ruckersville is 0.77%, which is lower than both the Virginia state median of 0.80% and the U.S. national median of 0.99%. Local government entities within Ruckersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ruckersville 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 Ruckersville's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22968 zip code has both the highest and lowest median property tax rate of 0.77%. Understanding how these cities compare with Ruckersville provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ruckersville Tax Rate
0.77%
Average Orange County Tax Rate
0.76%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ruckersville, Orange County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22968 | 0.75% | 0.76% | 0.77% | 0.79% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Ruckersville, Orange County, Virginia
In Ruckersville, 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 local 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 Ruckersville, 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. The median home price in Ruckersville is $350,300, with annual tax bills ranging from $2,080 at the 25th percentile to $4,572 at the 90th percentile. The highest and lowest median tax bills are both $2,762 in the 22968 zip code. Being aware of these valuation processes in Ruckersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Ruckersville, Orange County, Virginia
Source: Ownwell
$183,600
$266,950
$350,300
Average Ruckersville Assessed Value
$350,300
Average Orange County Assessed Value
$231,900
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ruckersville, Orange County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22968 | $199,700 | $263,400 | $350,300 | $441,350 | $564,400 |
Source: Ownwell
Property Tax Bills Across Ruckersville, Orange County, Virginia
In Ruckersville, VA, property tax bills are calculated based on the assessed value of the 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 $350,300, homeowners can expect varying tax bills depending on specific property characteristics and exemptions. The 25th percentile tax bill is around $2,080, while the 75th percentile reaches approximately $3,414, and the 90th percentile can go up to $4,572. These tax bills are influenced by factors such as property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, the property taxes in Ruckersville reflect the local economic conditions and funding needs. Homeowners in this area need to budget accordingly, as property taxes can significantly impact annual expenses and the overall cost of homeownership.
Average Ruckersville Tax Bill
$2,762
Average Orange County Tax Bill
$1,781
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Ruckersville, Orange County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22968 | $1,551 | $2,080 | $2,762 | $3,414 | $4,572 |
Source: Ownwell