Rochelle, Madison County, Virginia Property Taxes
Median Rochelle, 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 Rochelle, VA home value: $219,950
Median annual Rochelle, VA tax bill: $1,605, $795 lower than the national median property tax bill of $2,400.
How are property taxes in Madison County calculated?
Property taxes in Rochelle, 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 Rochelle’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rochelle, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rochelle, 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
$1,622
$1,505
Property Tax Rates Across Rochelle, Madison County, Virginia
Local government entities set tax rates, which can vary widely within a state. 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.
In ROCHELLE, located in Madison County, VA, the effective property tax rate stands at 0.74%, which is below the national median of 1.02%. This suggests that residents in ROCHELLE may benefit from lower property tax bills compared to the national average. When comparing ROCHELLE to other cities within Virginia, it’s clear that the property tax rate here is quite competitive. The median property tax rate in Virginia aligns with ROCHELLE at 0.74%, indicating a consistent approach to property taxation within the state. Understanding these rates can help property owners in ROCHELLE make informed decisions about their real estate investments and financial planning.
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 Rochelle 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 Rochelle, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22738 | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Rochelle, Madison County, Virginia
When examining property taxes in Rochelle, 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 Rochelle.
For example, the median home price in Rochelle is $219,950, with tax bills ranging significantly across the county. Zip code 22738 has the highest median home price at $219,950.
Property Tax Assessment Values Across Rochelle, Madison County, Virginia
Source: Ownwell
$124,600
$194,925
$265,250
Median Rochelle Market Value
$219,200
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 Rochelle, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22738 | $113,900 | $158,200 | $219,200 | $286,200 | $383,000 |
Source: Ownwell
Property Tax Bills Across Rochelle, Madison County, Virginia
In Rochelle, 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 tax bill. Factors such as the home's location, size, and market conditions influence the assessed value. In Madison County, the median property tax bill is $1,605, which is significantly lower than the national median of $2,400. Homeowners in Rochelle may find that their property tax bills fall within a range, with the 25th percentile at $1,170 and the 75th percentile at $2,095.
High property tax bills can place a financial strain on homeowners, but Ownwell can help ease this burden. By providing property tax appeal services, Ownwell assists homeowners in potentially reducing their assessed values, leading to lower tax bills. Their expertise in identifying errors or discrepancies in assessments can result in significant savings, ensuring that homeowners only pay their fair share.
Median Rochelle Tax Bill
$1,605
Median Madison County Tax Bill
$1,540
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Rochelle, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22738 | $842 | $1,169 | $1,605 | $2,096 | $2,787 |
Source: Ownwell