Lebanon Church, Virginia Property Taxes
The median property tax rate in Lebanon Church, VA is 0.60%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Lebanon Church at $168,950, the typical annual property tax bill amounts to $1,014, well below the national median of $2,690. Property taxes in Lebanon Church are determined 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 Lebanon Church'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 Lebanon Church 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
Lebanon Church, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,014
$941
Ownwell’s Lebanon Church Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lebanon Church with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lebanon Church 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 Lebanon Church, Virginia
Property taxes in Lebanon Church, Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lebanon Church is 0.60%, which is below the U.S. national median of 0.99%. Local government entities within Lebanon Church set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lebanon Church 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 Lebanon Church's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 22641 has both the highest and lowest median property tax rate of 0.60%. Understanding how these areas compare with Lebanon Church 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 Lebanon Church 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 Lebanon Church, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22641 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Lebanon Church, Virginia
In Lebanon Church, 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 Lebanon Church, 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. The median home price in Lebanon Church is $168,950, with tax bills ranging from $912 at the 25th percentile to $1,177 at the 90th percentile. The highest and lowest median tax bills are both $1,014 in zip code 22641. 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 Lebanon Church helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lebanon Church, Virginia
Source: Ownwell
$163,200
$218,250
$273,300
Average Lebanon Church Assessed Value
$168,950
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 Lebanon Church, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22641 | $141,790 | $151,975 | $168,950 | $185,925 | $196,110 |
Source: Ownwell
Property Tax Bills Across Lebanon Church, Virginia
Property tax bills in Lebanon Church, VA, are calculated based on the assessed value of a property, which is determined by the Shenandoah County assessor's office. The assessed value is typically a percentage of the market value, reflecting the property's worth in the current real estate market. Homeowners in Lebanon Church face a property tax rate that, although variable, contributes to an annual tax bill. For instance, the 25th percentile tax bill is around $912, while the 75th percentile reaches approximately $1116. The highest median tax bill in the area is $1014, with the same figure representing both the highest and lowest median tax bills in the zip code 22641. These tax bills impact homeowners by contributing to the overall cost of owning property in Lebanon Church. Compared to the national median property tax rate of 0.99%, the local rates can influence decisions on buying or selling homes, as well as budgeting for annual expenses.
Average Lebanon Church Tax Bill
$1,014
Average Shenandoah County Tax Bill
$1,318
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Lebanon Church, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22641 | $851 | $912 | $1,014 | $1,116 | $1,177 |
Source: Ownwell