Culpeper, Madison County, Virginia Property Taxes
Median Culpeper, VA effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Culpeper, VA home value: $172,350
Median annual Culpeper, VA tax bill: $1,255, $1,145 lower than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Culpeper, 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 Culpeper’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Culpeper, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Culpeper, Madison County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$1,275
$1,184
Property Tax Rates Across Culpeper, Madison 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 Culpeper’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
In Culpeper, located in Madison County, the effective property tax rate is 0.74%. This rate is notably lower than the national median property tax rate of 1.02%. Homeowners in Culpeper benefit from this lower rate, which can result in substantial savings compared to the national average. The median property tax bill here is also below the national median, providing an additional financial advantage for property owners. By understanding these rates, homeowners can better appreciate the relative affordability of property taxes in Culpeper, making it an attractive location for those looking to save on property tax expenses.
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 Culpeper Tax Rate
0.74%
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 Madison County Tax Rate
0.74%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Culpeper, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22701 | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Culpeper, Madison County, Virginia
When examining property taxes in Culpeper, 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 Madison 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 Madison 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 Culpeper.
For example, the median home price in Culpeper is $172,350, with tax bills ranging significantly across the county. Zip code 22701 has the highest median home price at $172,350.
Property Tax Assessment Values Across Culpeper, Madison County, Virginia
Source: Ownwell
$124,600
$193,550
$262,500
Median Culpeper Market Value
$172,350
Median Madison County Market Value
$210,150
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Culpeper, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22701 | $110,030 | $128,750 | $172,350 | $251,575 | $357,160 |
Source: Ownwell
Property Tax Bills Across Culpeper, Madison County, Virginia
Median Culpeper Tax Bill
$1,255
Median Madison County Tax Bill
$1,531
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Culpeper, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22701 | $812 | $943 | $1,255 | $1,804 | $2,390 |
Source: Ownwell