Maurertown, Virginia Property Taxes
The median property tax rate in Maurertown, VA is 0.60%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Maurertown at $230,050, the typical annual property tax bill reaches $1,363, which is below the national median of $2,690. Property taxes in Maurertown are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Maurertown'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 Maurertown 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
Maurertown, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,380
Ownwell’s Maurertown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maurertown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maurertown 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 Maurertown, Virginia
Property taxes in Maurertown, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maurertown is 0.60%, lower than both the Virginia state median of 0.80% and the U.S. national median of 0.99%. Local government entities within Maurertown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maurertown 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 Maurertown's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22644 zip code has the highest median property tax rate of 0.60%, while the 22644 zip code has the lowest median tax rate of 0.60%. Understanding how these cities compare with Maurertown 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 Maurertown 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 Maurertown, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22644 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Maurertown, Virginia
In Maurertown, 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 Maurertown, 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 Maurertown is $230,050, with tax bills ranging from $978 at the 25th percentile to $2,280 at the 90th percentile. The zip code with the highest median tax bill is 22644, with a median tax bill of $1,363. 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 Maurertown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Maurertown Assessed Value
$230,050
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 Maurertown, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22644 | $98,000 | $163,500 | $230,050 | $302,025 | $385,500 |
Source: Ownwell
Property Tax Bills Across Maurertown, Virginia
In Maurertown, located in Shenandoah County, VA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor, who evaluates the property's market value. This value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Maurertown, the median home price stands at $230,050. Property tax bills in this area vary significantly, with the 25th percentile at $978, the 75th percentile at $1799, and the 90th percentile reaching $2280. The highest and lowest median tax bills in the area are both $1363, indicating a consistent tax rate within the zip code 22644. Compared to the national median property tax rate of 0.99%, Maurertown's property taxes may be relatively moderate, offering some relief to homeowners. Property taxes directly impact homeowners by influencing their overall housing costs, which can affect decisions on buying, selling, or renovating homes.
Average Maurertown Tax Bill
$1,363
Average Shenandoah County Tax Bill
$1,318
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Maurertown, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22644 | $561 | $978 | $1,363 | $1,799 | $2,280 |
Source: Ownwell