Locust Grove, Orange County, Virginia Property Taxes
Median Locust Grove, VA effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Locust Grove, VA home value: $258,900
Median annual Locust Grove, VA tax bill: $1,966, $434 lower than the national median property tax bill of $2,400.
How are property taxes in Orange County calculated?
Property taxes in Locust Grove, 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 Locust Grove’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Locust Grove, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Locust Grove, Orange County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$1,968
$1,826
Property Tax Rates Across Locust Grove, Orange County, Virginia
Local government entities set tax rates, and these can vary significantly even within a single state. Each year, counties estimate their required budgets to fund services and divide that by the total value of all taxable property within their jurisdiction to calculate the property tax rate. While votes and legislative measures play a role in determining tax rates and budgets, this is the essence of the annual process.
In Locust Grove, located in Orange County, Virginia, the effective property tax rate is 0.76%. This rate aligns with the highest and lowest median tax rates in the area, reflecting a consistent approach across the region. When compared to the national median property tax rate of 1.02%, Locust Grove's rate is notably lower, offering a more affordable option for property owners. Additionally, the national median property tax bill stands at $2,400, which further emphasizes the relative affordability in this region. Understanding these dynamics can aid property owners in making informed decisions and potentially exploring opportunities for tax appeals or exemptions.
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 Locust Grove Tax Rate
0.76%
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 County Tax Rate
0.76%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Locust Grove, Orange County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22508 | 0.75% | 0.75% | 0.76% | 0.77% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Locust Grove, Orange County, Virginia
When examining property taxes in Locust Grove, 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 Orange 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 Orange 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 Locust Grove.
For example, the median home price in Locust Grove is $258,900, with tax bills ranging significantly across the county. Zip code 22508 has the highest median home price at $258,900.
Property Tax Assessment Values Across Locust Grove, Orange County, Virginia
Source: Ownwell
$183,600
$266,950
$350,300
Median Locust Grove Market Value
$258,900
Median Orange County Market Value
$231,900
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Locust Grove, Orange County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22508 | $138,860 | $194,000 | $258,900 | $323,100 | $469,260 |
Source: Ownwell
Property Tax Bills Across Locust Grove, Orange County, Virginia
Median Locust Grove Tax Bill
$1,966
Median Orange County Tax Bill
$1,781
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Locust Grove, Orange County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22508 | $1,036 | $1,471 | $1,966 | $2,473 | $3,669 |
Source: Ownwell