Bergton, Virginia Property Taxes
The median property tax rate in Bergton, VA is 0.68%, notably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Bergton at $173,700, the typical annual property tax bill amounts to $1,098, which is below the national median of $2,690. Property taxes in Bergton are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Bergton'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 Bergton or another part of Rockingham County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bergton, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,181
Ownwell’s Bergton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bergton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bergton 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 Bergton, Virginia
Property taxes in Bergton, Virginia, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Bergton is 0.68%, which is lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Bergton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bergton 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 Bergton's effective property tax rate to other areas in Virginia and the national median. For comparison, the zip code 22811 has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Bergton provides valuable insights into the varying tax landscape across Rockingham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bergton Tax Rate
0.68%
Average Rockingham County Tax Rate
0.68%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bergton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22811 | 0.39% | 0.62% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Bergton, Virginia
In Bergton, 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 Rockingham 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 Bergton, 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 Bergton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 22811 in Bergton has a median tax bill of $1098, reflecting the local property tax landscape.
Average Bergton Assessed Value
$173,700
Average Rockingham County Assessed Value
$237,400
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bergton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22811 | $38,040 | $102,400 | $173,700 | $260,600 | $363,940 |
Source: Ownwell
Property Tax Bills Across Bergton, Virginia
In Bergton, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by local government assessors who evaluate the market value of the property. This value is then multiplied by the local tax rate to calculate the annual property tax bill. In Rockingham County, where Bergton is located, the median home price stands at $173,700. Tax bills can vary significantly; for instance, the 25th percentile tax bill is $587, while the 75th percentile reaches $1,571, and the 90th percentile peaks at $2,001. The highest median tax bill recorded in the region is $1,098, a figure that is consistent across all zip codes in Bergton. Homeowners in Bergton should be aware that their property tax bills can fluctuate based on changes in property values and tax rates. This can have a considerable impact on their annual financial planning, especially when compared to the national median property tax rate of 0.99%.
Average Bergton Tax Bill
$1,098
Average Rockingham County Tax Bill
$1,584
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Bergton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22811 | $208 | $587 | $1,098 | $1,571 | $2,001 |
Source: Ownwell