Leon, Madison County, Virginia Property Taxes
Median Leon, 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 Leon, VA home value: $215,850
Median annual Leon, VA tax bill: $1,556, $844 lower than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Leon, 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 Leon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Leon, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Leon, 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
$1,597
$1,482
Property Tax Rates Across Leon, Madison 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 Leon’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
In Leon, located in Madison County, the property tax rate is notably lower than the national median, offering homeowners a more favorable tax environment. This can be particularly appealing for those considering relocating or investing in property within the area. The effective tax rate in Leon is competitive even within Virginia, where property tax rates can vary significantly from one locality to another. Understanding these differences in tax rates is crucial for property owners and potential buyers, as they directly influence the overall cost of homeownership. By taking advantage of the lower rates in Leon, property owners can potentially save thousands of dollars annually compared to the national average.
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 Leon 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
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Leon, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22725 | 0.67% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Leon, Madison County, Virginia
When examining property taxes in Leon, 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 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 May. 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 Leon. For example, the median home price in Leon is $215,850, with tax bills ranging significantly across the county. Zip code 22725 has the highest median home price at $215,850.
Property Tax Assessment Values Across Leon, Madison County, Virginia
Source: Ownwell
$124,600
$194,925
$265,250
Median Leon Market Value
$215,850
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 Leon, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22725 | $138,940 | $176,600 | $215,850 | $294,375 | $375,830 |
Source: Ownwell
Property Tax Bills Across Leon, Madison County, Virginia
Median Leon Tax Bill
$1,556
Median Madison County Tax Bill
$1,540
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Leon, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22725 | $1,028 | $1,307 | $1,556 | $2,008 | $2,686 |
Source: Ownwell