Verona, Augusta County, Virginia Property Taxes
Median Verona, 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 Verona, VA home value: $167,500
Median annual Verona, VA tax bill: $1,043, $1,357 lower than the national median property tax bill of $2,400.
How are property taxes in Augusta calculated?
Property taxes in Verona, 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 Verona’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Verona, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Verona, 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
$1,310
$1,216
Property Tax Rates Across Verona, Augusta County, Virginia
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 Verona 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 Verona, Augusta County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24482 | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Verona, Augusta County, Virginia
When examining property taxes in Verona, 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.
In Augusta County, assessment notices 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 Verona.
For example, the median home price in Verona is $167,500, with tax bills ranging significantly across the county. Zip code 24482 has the highest median home price at $167,500.
Property Tax Assessment Values Across Verona, Augusta County, Virginia
Source: Ownwell
$152,650
$410,350
$668,050
Median Verona Market Value
$251,900
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 Verona, Augusta County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24482 | $171,780 | $199,500 | $251,900 | $330,200 | $482,980 |
Source: Ownwell
Property Tax Bills Across Verona, Augusta County, Virginia
In Verona, Virginia, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Verona typically face a median property tax bill of $1,043, which is lower than the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value, impacting the overall tax bill. The range of tax bills in Verona shows that while some homeowners pay as little as $776, others may face bills as high as $2,020.
For homeowners seeking to reduce their property tax burden, Ownwell offers expert property tax appeal services. By analyzing the assessed value and comparing it with similar properties in the area, Ownwell can identify discrepancies and potential savings. Their team of professionals works to ensure that homeowners are not overpaying on their property taxes, potentially saving them hundreds of dollars annually. With Ownwell's assistance, homeowners can achieve a fair and accurate tax bill.
Median Verona Tax Bill
$1,343
Median Augusta County Tax Bill
$1,557
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Verona, Augusta County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24482 | $881 | $1,037 | $1,343 | $1,706 | $2,410 |
Source: Ownwell