Mint Spring, Augusta County, Virginia Property Taxes

Name: Property Tax Bills Across Mint Spring, Augusta County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Mint Spring, 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 Mint Spring, VA home value: $311,300
Median annual Mint Spring, VA tax bill: $1,961, $439 lower than the national median property tax bill of $2,400.

How are property taxes in Augusta calculated?

Property taxes in Mint Spring, 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 Mint Spring’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mint Spring, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mint Spring, Augusta County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.63%

Estimate Property Tax Bill

$1,961

$1,820

Ownwell’s Mint Spring Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mint Spring with just two data points. By entering your property's estimated assessed value, our calculator applies Mint Spring’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Augusta. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mint Spring, Augusta County, Virginia

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties determine their required budget to fund services and then divide this amount by the total value of all taxable property in their jurisdiction. This process results in the property tax rate. While votes and laws play a role in establishing these rates and budgets, this is essentially the annual procedure. In Mint Spring, located in Augusta County, Virginia, the effective property tax rate is 0.63%, which is below both the state and national medians. The national median property tax rate is 1.02%, and the median property tax bill is $2400. This lower rate in Mint Spring can be appealing for property owners, offering a more affordable tax burden compared to other areas. By understanding these differences, property owners can make informed decisions about where to invest or reside, taking into account the financial implications of property taxes in various regions.

Property Tax Rates Across Mint Spring, Augusta County, Virginia

Source: Ownwell

0.63%

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 Mint Spring Tax Rate

0.63%

Median Effective Augusta County Tax Rate

0.63%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mint Spring, Augusta County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24463	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mint Spring, Augusta County, Virginia

When examining property taxes in Mint Spring, VA, 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.

Assessment notices:

Assessment notices in Augusta County are sent in the spring each year. They’ll typically reach your mailbox by the middle of April.

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 Mint Spring.

For example, the median home price in Mint Spring is $311,300, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Mint Spring, Augusta County, Virginia

Source: Ownwell

$94,956

$266,803

$438,650

Median Mint Spring Market Value

$311,300

Median Augusta County Market Value

$204,500

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mint Spring, Augusta County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24463	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mint Spring, Augusta County, Virginia

In Mint Spring, located in Augusta County, VA, property tax bills are calculated based on the assessed value of the home. The assessed value is determined by the local tax assessor, who evaluates the property's market value. Homeowners in Mint Spring face a median property tax bill of $1,961, which is significantly lower than the national median of $2,400. This difference can be attributed to the area's relatively modest property values, with the median home price at $311,300.

Factors such as location, property size, and market conditions can influence the assessed value, subsequently affecting the tax bill. Homeowners might find themselves paying more than necessary if their property's assessed value is higher than its actual market value. Here, Ownwell can be a valuable ally. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed. This can lead to substantial savings on tax bills, easing the financial burden on homeowners and ensuring they only pay their fair share.

Property Tax Bills Across Mint Spring, Augusta County, Virginia

Source: Ownwell

$578

$1,671

$2,763

Median Mint Spring Tax Bill

$1,961

Median Augusta County Tax Bill

$1,250

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Mint Spring, Augusta County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24463	N/A	N/A	N/A	N/A	N/A

Source: Ownwell