Nellysford, Nelson County, Virginia Property Taxes
Median Nellysford, VA effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Nellysford, VA home value: $318,800
Median annual Nellysford, VA tax bill: $2,023, $377 lower than the national median property tax bill of $2,400.
How are property taxes in Nelson County calculated?
Property taxes in Nellysford, 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 Nellysford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nellysford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Nellysford, Nelson County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.65%
Estimate Property Tax Bill
$2,072
$1,923
Property Tax Rates Across Nellysford, Nelson 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 Nellysford’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
Nellysford, located in Nelson County, Virginia, has a median property tax rate of 0.65%. This rate is notably lower than the national median property tax rate of 1.02%. When compared to other regions within Virginia, Nellysford's rate stands out as particularly favorable, offering homeowners potential savings on their property tax bills. With the national median property tax bill at $2,400, residents in Nellysford could find themselves paying significantly less. This lower tax rate can be a compelling factor for potential homeowners considering a move to the area, promising both affordability and the charm of Virginia living.
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 Nellysford Tax Rate
0.65%
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 Nelson County Tax Rate
0.65%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Nellysford, Nelson County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22958 | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Nellysford, Nelson County, Virginia
When examining property taxes in Nellysford, 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 Nelson 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 Nelson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Nellysford.
For example, the median home price in Nellysford is $318,800, with tax bills ranging significantly across the county. Zip code 22958 has the highest median home price at $318,800.
Property Tax Assessment Values Across Nellysford, Nelson County, Virginia
Source: Ownwell
$40,000
$179,400
$318,800
Median Nellysford Market Value
$318,800
Median Nelson County Market Value
$144,600
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Nellysford, Nelson County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22958 | $40,000 | $70,000 | $318,800 | $486,850 | $627,060 |
Source: Ownwell
Property Tax Bills Across Nellysford, Nelson County, Virginia
Median Nellysford Tax Bill
$2,023
Median Nelson County Tax Bill
$896
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Nellysford, Nelson County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22958 | $221 | $440 | $2,023 | $3,102 | $4,030 |
Source: Ownwell