Etlan, Madison County, Virginia Property Taxes

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

Median Etlan, 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 Etlan, VA home value: $233,050
Median annual Etlan, VA tax bill: $1,645, $755 lower than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

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

Last Updated March 1, 2025

Etlan, Madison County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.74%

Estimate Property Tax Bill

$1,720

$1,596

Ownwell’s Etlan Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Etlan with just two data points.

By entering your property's estimated assessed value, our calculator applies Etlan’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 Madison County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Etlan, Madison County, Virginia

Local government entities set tax rates, which can vary widely within a state. This variability is due to each county's annual estimation of its required budget to provide services, which is then divided by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Etlan, located in Madison County, Virginia, the effective property tax rate reflects this process. When comparing Etlan’s effective property tax rate to other cities in Virginia, it is important to note how it aligns with both state and national medians. The median property tax rate in Virginia is notably lower than the national median of 1.02%. This means that homeowners in Etlan, and more broadly in Virginia, often experience a less burdensome property tax bill compared to other regions across the United States. Understanding these differences can be crucial for property owners looking to manage their expenses effectively.

Property Tax Rates Across Etlan, Madison County, Virginia

Source: Ownwell

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 Etlan Tax Rate

0.74%

Median Effective Madison County Tax Rate

0.74%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Etlan, Madison County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22719	0.63%	0.74%	0.74%	0.74%	0.74%

Source: Ownwell

Property Tax Assessment Values Across Etlan, Madison County, Virginia

When examining property taxes in Etlan, 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. Assessment notices: 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 Etlan. For example, the median home price in Etlan is $233,050, with tax bills ranging significantly across the county. 22719 has the highest median home price at $233,050.

Property Tax Assessment Values Across Etlan, Madison County, Virginia

Source: Ownwell

$124,600

$194,925

$265,250

Median Etlan Market Value

$232,400

Median Madison County Market Value

$212,100

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Etlan, Madison County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22719	$123,580	$169,150	$232,400	$324,550	$482,640

Source: Ownwell

Property Tax Bills Across Etlan, Madison County, Virginia

In Etlan, located in Madison County, Virginia, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Etlan is $233,050, which serves as a baseline for determining tax obligations. Homeowners in this area face a median tax bill of $1,645, aligning closely with the 25th percentile tax bill of $1,243 and the 75th percentile of $2,163. These figures are notably lower than the national median property tax bill of $2,400, reflecting the region's relatively moderate tax burden. Factors influencing the tax bill include property improvements, market conditions, and local government budget needs. For homeowners in Etlan, these taxes can significantly impact annual budgets, making it essential to ensure assessments are fair and accurate. Ownwell offers a solution by helping homeowners appeal their property tax assessments, potentially lowering their tax bills. With expert guidance, Ownwell maximizes savings, ensuring homeowners only pay their fair share and easing the financial burden of property ownership.

Property Tax Bills Across Etlan, Madison County, Virginia

Source: Ownwell

$922

$1,443

$1,963

Median Etlan Tax Bill

$1,631

Median Madison County Tax Bill

$1,540

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Etlan, Madison County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22719	$899	$1,248	$1,631	$2,251	$3,423

Source: Ownwell