Natural Bridge, Rockbridge County, Virginia Property Taxes

Name: Property Tax Bills Across Natural Bridge, Rockbridge County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median NATURAL BRIDGE, VA effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median NATURAL BRIDGE, VA home value: $223,500
Median annual NATURAL BRIDGE, VA tax bill: $1,271, $1,129 lower than the national median property tax bill of $2,400.

How are property taxes in Rockbridge calculated?

Property taxes in NATURAL BRIDGE, 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 NATURAL BRIDGE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in NATURAL BRIDGE, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Natural Bridge, Rockbridge County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.61%

Estimate Property Tax Bill

$1,363

$1,265

Ownwell’s Natural Bridge Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Natural Bridge with just two data points. By entering your property's estimated assessed value, our calculator applies Natural Bridge’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 Rockbridge County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Natural Bridge, Rockbridge County, Virginia

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually 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 Natural Bridge’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

Natural Bridge in Rockbridge County, Virginia, has an effective property tax rate that aligns with the state's median rate, which is 0.61%. This is considerably lower than the national median rate of 1.02%. Such a favorable rate can significantly reduce the annual tax burden for homeowners in Natural Bridge, making it an attractive location for property investment. Moreover, the consistency in rates across the county ensures predictability for property owners, aiding in long-term financial planning. Comparing these rates with other regions highlights the potential savings and advantages of owning property in Natural Bridge.

Property Tax Rates Across Natural Bridge, Rockbridge County, Virginia

Source: Ownwell

0.56%

0.59%

0.61%

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 Natural Bridge Tax Rate

0.61%

Median Effective Rockbridge County Tax Rate

0.61%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Natural Bridge, Rockbridge County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24578	0.37%	0.61%	0.61%	0.61%	0.61%

Source: Ownwell

Property Tax Assessment Values Across Natural Bridge, Rockbridge County, Virginia

When examining property taxes in Natural Bridge, 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 Rockbridge 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. Assessment notices: In Rockbridge 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 Natural Bridge. For example, the median home price in Natural Bridge is $223,500, with tax bills ranging significantly across the county. 24578 has the highest median home price at $223,500.

Property Tax Assessment Values Across Natural Bridge, Rockbridge County, Virginia

Source: Ownwell

$123,400

$252,550

$381,700

Median Natural Bridge Market Value

$223,500

Median Rockbridge County Market Value

$223,900

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Natural Bridge, Rockbridge County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24578	$86,380	$134,800	$223,500	$361,500	$606,760

Source: Ownwell

Property Tax Bills Across Natural Bridge, Rockbridge County, Virginia

Property tax bills in Natural Bridge, located in Rockbridge County, VA, are calculated based on the assessed value of a property. The local government determines this value, which is then multiplied by the set tax rate to calculate the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Natural Bridge experience a range of tax bills, with the 25th percentile at $774 and the 75th percentile reaching $1,919, while the 90th percentile can be as high as $3,152. The highest median tax bill recorded in the area is $1,271, which is significantly lower than the national median property tax bill of $2,400. This relatively lower tax burden can still impact homeowners, especially if the assessed value of their property increases. Ownwell can assist homeowners by identifying potential savings on their property tax bills through appeals and exemptions, ensuring they are not overpaying and helping to reduce their financial burden.

Property Tax Bills Across Natural Bridge, Rockbridge County, Virginia

Source: Ownwell

$688

$1,164

$1,639

Median Natural Bridge Tax Bill

$1,260

Median Rockbridge County Tax Bill

$1,269

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Natural Bridge, Rockbridge County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24578	$432	$774	$1,260	$1,917	$3,151

Source: Ownwell