Natural Bridge Station, Rockbridge County, Virginia Property Taxes
Median Natural Bridge Station, VA effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Natural Bridge Station, VA home value: $125,450
Median annual Natural Bridge Station, VA tax bill: $717, $1,683 lower than the national median property tax bill of $2,400.
How are property taxes in Rockbridge calculated?
Property taxes in Natural Bridge Station, 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 Natural Bridge Station’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Natural Bridge Station, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Natural Bridge Station, Rockbridge County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$765
$710
Property Tax Rates Across Natural Bridge Station, Rockbridge County, Virginia
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Natural Bridge Station’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Natural Bridge Station, located in Rockbridge County, reflects the broader property tax landscape of Virginia, where rates are often influenced by the unique needs and budgetary requirements of each locality. Virginia's property tax rates can be quite varied, but Natural Bridge Station's rate presents an interesting case for comparison against the national median. The national median property tax rate is 1.02%, while the median property tax bill is $2400. Understanding these differences can help property owners in Natural Bridge Station make informed decisions about their property tax obligations and potential savings.
Property Tax Rates Across Natural Bridge Station, Rockbridge County, Virginia
Source: Ownwell
0.56%
0.59%
0.61%
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 Natural Bridge Station Tax Rate
0.61%
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 Rockbridge County Tax Rate
0.61%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Natural Bridge Station, Rockbridge County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24579 | 0.59% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Natural Bridge Station, Rockbridge County, Virginia
When examining property taxes in Natural Bridge Station, 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 Rockbridge 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 Rockbridge County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Natural Bridge Station. For example, the median home price in Natural Bridge Station is $125,450, with tax bills ranging significantly across the county. Zip code 24579 has the highest median home price at $125,450.
Property Tax Assessment Values Across Natural Bridge Station, Rockbridge County, Virginia
Source: Ownwell
$123,300
$252,975
$382,650
Median Natural Bridge Station Market Value
$125,450
Median Rockbridge County Market Value
$223,300
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Natural Bridge Station, Rockbridge County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24579 | $37,650 | $77,625 | $125,450 | $187,775 | $277,210 |
Source: Ownwell
Property Tax Bills Across Natural Bridge Station, Rockbridge County, Virginia
In Natural Bridge Station, VA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, reflecting its estimated worth. In Rockbridge County, the median property tax bill is $717, significantly lower than the national median of $2400. Factors such as location, property size, and improvements can influence the assessed value, impacting the final tax bill. For homeowners, this means the tax bill can vary widely based on these assessments, with the 25th percentile tax bill at $411 and the 90th percentile reaching $1597.
Ownwell can assist homeowners in reducing their property tax bills by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies or overvaluations, Ownwell helps ensure homeowners are not overpaying. This service can lead to significant savings, making property taxes more manageable for homeowners in Natural Bridge Station and beyond.
Property Tax Bills Across Natural Bridge Station, Rockbridge County, Virginia
Source: Ownwell
$684
$1,173
$1,662
Median Natural Bridge Station Tax Bill
$717
Median Rockbridge County Tax Bill
$1,277
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Natural Bridge Station, Rockbridge County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24579 | $193 | $411 | $717 | $1,084 | $1,597 |
Source: Ownwell