Radiant, Madison County, Virginia Property Taxes
Median Radiant, 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 Radiant, VA home value: $191,550
Median annual Radiant, VA tax bill: $1,417, $983 lower than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Radiant, 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 Radiant’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Radiant, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Radiant, 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
$1,418
$1,316
Property Tax Rates Across Radiant, Madison County, Virginia
Local government entities determine tax rates, which can vary significantly within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Radiant, situated in Madison County, the effective property tax rate is a point of interest. Comparing Radiant’s tax rate to other cities in Virginia, as well as the state and national medians, offers valuable insights. The median property tax rate in Radiant stands at 0.74%, which is below the national median rate of 1.02%. This lower rate can be particularly appealing to property owners looking to manage their tax expenses effectively.
Understanding these differences can assist property owners in making informed decisions, whether they are considering appealing their property taxes or seeking exemptions. By staying informed about local tax rates and how they compare to state and national figures, property owners can better navigate the complexities of property taxation.
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 Radiant 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 Radiant, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22732 | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Radiant, Madison County, Virginia
When examining property taxes in Radiant, 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 assessment authority 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 Radiant. For example, the median home price in Radiant is $191,550, with tax bills ranging significantly across the county. ZIP code 22732 has the highest median home price at $191,550.
Property Tax Assessment Values Across Radiant, Madison County, Virginia
Source: Ownwell
$124,600
$194,925
$265,250
Median Radiant Market Value
$191,600
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 Radiant, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22732 | $113,100 | $147,500 | $191,600 | $275,350 | $376,200 |
Source: Ownwell
Property Tax Bills Across Radiant, Madison County, Virginia
In Radiant, Madison County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. With a median home price of $191,550, homeowners in Radiant can expect their tax bills to vary. The 25th percentile tax bill is $1,079, while the 75th percentile reaches $1,939, and the 90th percentile can be as high as $2,768. Compared to the national median property tax bill of $2,400, Radiant's homeowners can experience both lower and higher tax obligations.
Ownwell is here to help homeowners in Radiant by providing expert property tax appeal services. Our team reviews your property's assessed value and identifies potential errors or opportunities for exemptions, ensuring you pay only your fair share. By leveraging our expertise, homeowners could potentially reduce their tax bills, leading to significant savings and increased financial peace of mind.
Median Radiant Tax Bill
$1,417
Median Madison County Tax Bill
$1,540
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Radiant, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22732 | $837 | $1,083 | $1,417 | $1,969 | $2,776 |
Source: Ownwell