Greenville, Augusta County, Virginia Property Taxes
Median Greenville, VA effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Greenville, VA home value: $157,200
Median annual Greenville, VA tax bill: $965, $1,435 lower than the national median property tax bill of $2,400.
How are property taxes in Augusta County calculated?
Property taxes in Greenville, VA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Greenville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Greenville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Greenville, Augusta County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.52%
Estimate Property Tax Bill
$1,211
$1,123
Property Tax Rates Across Greenville, Augusta County, Virginia
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Greenville’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. The median property tax rate in Virginia is 0.63%, which is significantly lower than the national median of 1.02%. This indicates that property owners in Greenville and across Virginia generally face lower property tax burdens compared to the national average. This can be particularly advantageous for property owners looking to manage their expenses effectively. By understanding these differences, property owners can better anticipate their tax liabilities and make informed financial decisions. Whether you're considering buying a new property or managing an existing one, being informed about local property tax trends is crucial.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Greenville Tax Rate
0.52%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Augusta County Tax Rate
0.52%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Greenville, Augusta County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24440 | 0.51% | 0.52% | 0.52% | 0.52% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Greenville, Augusta County, Virginia
When examining property taxes in Greenville, Virginia, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Augusta County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Augusta County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Greenville. For example, the median home price in Greenville is $157,200, with tax bills ranging significantly across the county. Zip code 24440 has the highest median home price at $157,200.
Property Tax Assessment Values Across Greenville, Augusta County, Virginia
Source: Ownwell
$152,650
$410,350
$668,050
Median Greenville Market Value
$232,800
Median Augusta County Market Value
$305,700
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Greenville, Augusta County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24440 | $44,960 | $146,500 | $232,800 | $336,000 | $513,100 |
Source: Ownwell
Property Tax Bills Across Greenville, Augusta County, Virginia
Median Greenville Tax Bill
$1,227
Median Augusta County Tax Bill
$1,557
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Greenville, Augusta County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24440 | $201 | $750 | $1,227 | $1,723 | $2,454 |
Source: Ownwell