Waynesboro County, Virginia Property Taxes
The median property tax rate in Waynesboro is 0.77%, which is lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Waynesboro, the typical annual property tax bill is $1,684, considerably less than the national median of $2,690. Property taxes in this county are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as the primary residence and agricultural exemptions. Understanding Waynesboro's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to significant annual savings. Whether you reside in Waynesboro or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Waynesboro County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$1,686
$1,565
Ownwell’s Waynesboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Waynesboro with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Waynesboro to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Waynesboro County, Virginia
Property taxes in Waynesboro play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Waynesboro is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Waynesboro set these rates annually, and they can vary significantly between different areas within the county. Each year, Waynesboro estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Waynesboro's effective property tax rate with the national median. For comparison, the city of Lyndhurst has a median property tax rate of 0.77%, which is the same as Waynesboro. Analyzing how Waynesboro's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Waynesboro County Tax Rate
0.77%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waynesboro County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Lyndhurst | N/A | N/A | N/A | N/A | N/A |
| Waynesboro | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Waynesboro County, Virginia
In Waynesboro, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Waynesboro Appraisal District. The assessed value, however, 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. Assessment notices in Waynesboro are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Waynesboro will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. The city with the highest median tax bill is Lyndhurst at $1,691, while Waynesboro itself has the lowest at $1,684.
Property Tax Assessment Values Across Waynesboro County, Virginia
Source: Ownwell
$219,000
$219,000
$219,000
Average Waynesboro County Assessed Value
$219,000
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waynesboro County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Lyndhurst | N/A | N/A | N/A | N/A | N/A |
| Waynesboro | $140,360 | $173,900 | $219,000 | $295,100 | $372,500 |
Source: Ownwell
Property Tax Bills Across Waynesboro County, Virginia
In Waynesboro, VA, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. The median home price in Waynesboro is $219,000, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, ultimately affecting the tax bill. For homeowners in Waynesboro, the property tax bills vary significantly. At the 25th percentile, the tax bill is approximately $1,338, while at the 75th percentile, it reaches around $2,270. The top 10% of tax bills can go as high as $2,867. Despite these variations, the median tax bill in Waynesboro falls between the lowest median tax bill of $1,684 in Waynesboro city and the highest median tax bill of $1,691 in Lyndhurst. Comparatively, Waynesboro’s property tax rate is in line with the national median property tax rate of 0.99%, making it a reasonably average area for property taxes. This can provide homeowners with a predictable and manageable tax burden.
Average Waynesboro County Tax Bill
$1,684
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Waynesboro County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Lyndhurst | N/A | N/A | N/A | N/A | N/A |
| Waynesboro | $1,080 | $1,338 | $1,684 | $2,271 | $2,867 |
Source: Ownwell