Strasburg, Shenandoah County, Virginia Property Taxes
The median property tax rate in Strasburg, VA is 0.60%, significantly lower than both the national median of 0.99% and Virginia's state median of 0.89%. With the median home value in Strasburg at $233,800, the typical annual property tax bill is around $1,400, which is less than the national median of $2,690. Property taxes in Strasburg 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 Strasburg'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 Strasburg or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Strasburg, Shenandoah County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,403
$1,302
Ownwell’s Strasburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Strasburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Strasburg 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 Strasburg, Shenandoah County, Virginia
Property taxes in Strasburg, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Strasburg 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 Strasburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Strasburg 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 Strasburg's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22641 zip code has the highest median property tax rate of 0.60%, while the 22641 zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Strasburg 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 Strasburg 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 Strasburg, Shenandoah County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22641 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
| 22657 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Strasburg, Shenandoah County, Virginia
In Strasburg, 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 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 Strasburg, 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 Strasburg is $233,800, with tax bills ranging from $1,075 at the 25th percentile to $2,368 at the 90th percentile. The highest median tax bill is $1,640 in the 22641 zip code, while the lowest is $1,396 in the 22657 zip code. 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 Strasburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Strasburg, Shenandoah County, Virginia
Source: Ownwell
$163,200
$218,250
$273,300
Average Strasburg Assessed Value
$233,800
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 Strasburg, Shenandoah County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22641 | $129,600 | $208,050 | $273,300 | $318,900 | $379,600 |
| 22657 | $136,000 | $179,375 | $233,400 | $294,625 | $396,980 |
Source: Ownwell
Property Tax Bills Across Strasburg, Shenandoah County, Virginia
In Strasburg, VA, property tax bills are calculated based on the assessed value of the property, which is determined by the Shenandoah County assessor's office. The tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $233,800, homeowners can expect varying tax bills depending on their specific property assessments and applicable exemptions. Factors such as property size, location, and improvements significantly influence the assessed value. Homeowners in Strasburg typically see tax bills ranging from $1,075 at the 25th percentile to $1,769 at the 75th percentile, with the 90th percentile reaching up to $2,368. The highest median tax bill in the area is $1,640 in the 22641 zip code, while the lowest is $1,396 in the 22657 zip code. These property taxes fund essential local services such as public schools, emergency services, and infrastructure maintenance, directly impacting the quality of life for residents. Understanding how these taxes are calculated helps homeowners better manage their financial planning and property investments.
Average Strasburg Tax Bill
$1,400
Average Shenandoah County Tax Bill
$1,318
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Strasburg, Shenandoah County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22641 | $778 | $1,212 | $1,640 | $1,913 | $2,278 |
| 22657 | $815 | $1,073 | $1,396 | $1,758 | $2,368 |
Source: Ownwell