Property Taxes in Free Union, Virginia
Median Free Union, Virginia effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Free Union, Virginia home value: $154,900
Median annual Free Union, Virginia tax bill: $1,013, lower than the national median property tax bill of $2,400.
How are property taxes in Greene calculated?
Property taxes in Free Union, Virginia 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 Free Union's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Free Union, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Free Union Property Tax Calculator Work?
Use this Free Union property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Free Union's median effective tax rate of 0.71% — based on actual property records in Greene County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Free Union's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Free Union: rates range from 0.71% in 22940 to 0.71% in 22940, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Free Union.
About Free Union Property Taxes
About Property Taxes in Free Union, Greene, Virginia
Free Union’s median effective property tax rate of 0.71% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Greene County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Free Union. Homeowners in the 22940 ZIP code carry a median effective rate of 0.71%, while those in the same ZIP also pay 0.71%. Understanding which part of Free Union you live in can still help explain how your assessed value and local levies shape your annual tax bill.
Free Union homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor after receiving their notice in February, before the March 28, 2025 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Free Union, Greene County, Virginia
As noted earlier, 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 Free Union's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
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 Free Union Tax Rate
0.71%
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 Greene County Tax Rate
0.71%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Free Union, Greene County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22940 | 0.41% | 0.71% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Free Union, Greene County, Virginia
When examining property taxes in Free Union, 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. Greene County 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:
In Greene County, assessment notices are sent in February each year.
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. For example, the median home price in Free Union is $154,900, with the median tax bill at $1,013. Tax bills range significantly across the county, and 22940 has both the highest median home price and the highest median tax bill at $154,900 and $1,013.
Property Tax Assessment Values Across Free Union, Greene County, Virginia
Source: Ownwell
$154,900
$252,800
$350,700
Median Free Union Market Value
$154,900
Median Greene County Market Value
$259,600
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Free Union, Greene County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22940 | $18,400 | $60,250 | $154,900 | $283,350 | $426,500 |
Source: Ownwell
Property Tax Bills Across Free Union, Greene County, Virginia
Property tax bills in Free Union are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value is the starting point for the bill, so changes in a home’s value can directly affect what a homeowner owes.
For Free Union homeowners, the median home price is $154,900, and the median tax bill is $1,013 in ZIP code 22940. That amount can vary widely depending on the property’s assessed value and any exemptions or local tax rules that apply. Bills in the area range from $228 at the 25th percentile to $1,777 at the 75th percentile, with the 90th percentile reaching $2,721.
Because property taxes are tied to assessed value, homeowners with higher-valued homes often pay more, while those with lower assessments may pay less. Understanding how the bill is calculated can help homeowners see why their tax burden changes over time.
Median Free Union Tax Bill
$1,013
Median Greene County Tax Bill
$1,801
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Free Union, Greene County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22940 | $103 | $228 | $1,013 | $1,777 | $2,721 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 28 |
Links | |
|---|---|
| Greene Tax Assessor | |
| Website | treasurer.gcva.us |