Orange, Madison County, Virginia Property Taxes

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

Median Orange, 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 Orange, VA home value: $186,700
Median annual Orange, VA tax bill: $1,380, $1,020 lower than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

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

Last Updated March 1, 2025

Orange, 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

$1,389

$1,289

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

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

Local government entities set tax rates, which can vary widely within a state. 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 Orange's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

Property Tax Rates Across Orange, 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 Orange 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 Orange, Madison County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22960	0.74%	0.74%	0.74%	0.74%	0.74%

Source: Ownwell

Property Tax Assessment Values Across Orange, Madison County, Virginia

When examining property taxes in Orange, 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 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 Orange. For example, the median home price in Orange is $186,700, with tax bills ranging significantly across the county. Zip code 22960 has the highest median home price at $186,700.

Property Tax Assessment Values Across Orange, Madison County, Virginia

Source: Ownwell

$124,600

$194,925

$265,250

Median Orange Market Value

$187,700

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 Orange, Madison County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22960	$103,780	$136,600	$187,700	$259,600	$345,940

Source: Ownwell

Property Tax Bills Across Orange, Madison County, Virginia

In Orange, located in Madison County, VA, property tax bills are calculated based on the assessed value of the property. The median home price in this area is $186,700. The tax bill varies significantly, with the 25th percentile paying around $982, while those in the 75th percentile see bills closer to $1,884. At the 90th percentile, the tax bill reaches approximately $2,471. Compared to the national median property tax bill of $2,400, Orange's tax bills can be more affordable for many homeowners, depending on the property's assessed value and location within the county.

Factors influencing the tax bill include the property's assessed value, which is determined by local assessments, and the applicable tax rate set by the county. Homeowners in Orange can benefit from appealing their property tax assessments if they believe their property has been overvalued. Ownwell offers professional assistance in navigating this process, potentially reducing property tax burdens by ensuring homeowners only pay their fair share. By leveraging expert knowledge and experience, Ownwell can help homeowners achieve significant savings on their property tax bills.

Property Tax Bills Across Orange, Madison County, Virginia

Source: Ownwell

$922

$1,443

$1,963

Median Orange Tax Bill

$1,382

Median Madison County Tax Bill

$1,540

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Orange, Madison County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22960	$759	$983	$1,382	$1,901	$2,470

Source: Ownwell