Stanardsville, Madison County, Virginia Property Taxes
Median Stanardsville, 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 Stanardsville, VA home value: $124,600
Median annual Stanardsville, VA tax bill: $922, $1,478 lower than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Stanardsville, 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 Stanardsville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Stanardsville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Stanardsville, 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
$922
$856
Ownwell’s Stanardsville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stanardsville with just two data points.
By entering your property's estimated assessed value, our calculator applies Stanardsville’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.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Stanardsville, Madison County, Virginia
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting 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 Stanardsville, located in Greene County, VA, the effective property tax rate is 0.74%. This rate is notably lower than the national median property tax rate of 1.02%. Homeowners in Stanardsville benefit from a tax rate that is also consistent across the county, as the highest and lowest median tax rates in the region are both 0.74%. This consistency provides stability and predictability for property owners.
Comparing Stanardsville’s effective property tax rate to other cities in Virginia, it stands out as being more affordable. Lower property tax rates can make a significant difference in the overall cost of homeownership, potentially attracting more residents and fostering community growth.
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 Stanardsville 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
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Stanardsville, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22973 | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Stanardsville, Madison County, Virginia
When examining property taxes in Stanardsville, 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 March. 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 Stanardsville.
For example, the median home price in Stanardsville is $124,600, with tax bills ranging significantly across the county. Zip code 22973 has the highest median home price at $124,600.
Property Tax Assessment Values Across Stanardsville, Madison County, Virginia
Source: Ownwell
$124,600
$193,550
$262,500
Median Stanardsville Market Value
$124,600
Median Madison County Market Value
$210,150
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Stanardsville, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22973 | $74,700 | $98,700 | $124,600 | $169,100 | $278,400 |
Source: Ownwell
Property Tax Bills Across Stanardsville, Madison County, Virginia
Median Stanardsville Tax Bill
$922
Median Madison County Tax Bill
$1,531
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Stanardsville, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22973 | $553 | $730 | $922 | $1,165 | $1,701 |
Source: Ownwell