Edinburg, Virginia Property Taxes
The median property tax rate in Edinburg, VA is 0.60%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $215,300 in Edinburg, the typical annual property tax bill amounts to $1,276, which is well below the national median of $2,690. Property taxes in Edinburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Edinburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Edinburg or another part of Shenandoah County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Edinburg, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,292
Ownwell’s Edinburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edinburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edinburg 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 Edinburg, Virginia
Property taxes in Edinburg, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edinburg is 0.60%, lower than the U.S. national median of 0.99%. Local government entities within Edinburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edinburg 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 Edinburg's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22824 zip code has the highest median property tax rate of 0.60%, while the 22824 zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Edinburg provides valuable insights into the varying tax landscape across Shenandoah County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edinburg Tax Rate
0.60%
Average Shenandoah County Tax Rate
0.60%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edinburg, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22824 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Edinburg, Virginia
In Edinburg, 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 Shenandoah 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 Edinburg, 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 Edinburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 22824, both at $1,276.
Average Edinburg Assessed Value
$215,300
Average Shenandoah County Assessed Value
$221,200
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edinburg, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22824 | $96,120 | $156,825 | $215,300 | $297,550 | $421,010 |
Source: Ownwell
Property Tax Bills Across Edinburg, Virginia
In Edinburg, Shenandoah County, VA, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $215,300. The assessed value is determined by the county's property assessor and is used to calculate the property tax owed. This assessed value is then multiplied by the local tax rate to determine the tax bill. For homeowners, the 25th percentile tax bill is $934, while the 75th percentile tax bill is $1775. At the higher end, the 90th percentile tax bill can reach up to $2507. These figures indicate that property tax bills can vary significantly depending on the assessed value of the property. The highest and lowest median tax bills in Edinburg are both $1276, which is above the national median property tax rate of 0.99%. This means that homeowners in Edinburg may face higher property tax bills compared to the national average, impacting their overall cost of homeownership.
Average Edinburg Tax Bill
$1,276
Average Shenandoah County Tax Bill
$1,318
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Edinburg, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22824 | $525 | $934 | $1,276 | $1,775 | $2,507 |
Source: Ownwell