Raphine, Rockbridge County, Virginia Property Taxes

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

Median Raphine, 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 Raphine, VA home value: $290,500
Median annual Raphine, VA tax bill: $1,662, $738 lower than the national median property tax bill of $2,400.

How are property taxes in Rockbridge calculated?

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

Last Updated March 1, 2025

Raphine, 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

$1,772

$1,644

Ownwell’s Raphine Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Raphine with just two data points.

By entering your property's estimated assessed value, our calculator applies Raphine’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Rockbridge 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.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Raphine, Rockbridge County, Virginia

Local government entities set tax rates, which can vary widely within a state. This variation occurs because 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.

Raphine in Rockbridge County, Virginia, presents an interesting case in property tax rates. With a median property tax rate of 0.61%, it stands below the national median property tax rate of 1.02%. This lower rate can be appealing to property owners in Raphine, offering a more affordable tax bill compared to other regions. The consistency in the tax rate across the region ensures predictability for homeowners.

When comparing Raphine's effective property tax rate to other cities in Virginia, it becomes evident that the rates are relatively uniform. This stability is advantageous for residents, providing a sense of financial security and predictability in property-related expenses.

Property Tax Rates Across Raphine, 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 Raphine Tax Rate

0.61%

Median Effective Rockbridge County Tax Rate

0.61%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Raphine, Rockbridge County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24472	0.40%	0.61%	0.61%	0.61%	0.61%

Source: Ownwell

Property Tax Assessment Values Across Raphine, Rockbridge County, Virginia

When examining property taxes in Raphine, 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.

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 Raphine. For example, the median home price in Raphine is $290,500, with tax bills ranging significantly across the county. Zip code 24472 has the highest median home price at $290,500.

Property Tax Assessment Values Across Raphine, Rockbridge County, Virginia

Source: Ownwell

$123,300

$252,975

$382,650

Median Raphine Market Value

$290,500

Median Rockbridge County Market Value

$223,300

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Raphine, Rockbridge County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24472	$123,320	$188,100	$290,500	$477,750	$750,840

Source: Ownwell

Property Tax Bills Across Raphine, Rockbridge County, Virginia

In Raphine, located in Rockbridge County, VA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $290,500, which influences the property tax bill. With a median tax bill of $1,662, homeowners in Raphine pay below the national median property tax bill of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,010 and the 75th percentile reaching $2,503, demonstrating the range of potential costs for homeowners. Factors such as property size, location, and improvements can affect the assessed value, thereby impacting the tax bill. Homeowners looking to reduce their property tax burden can benefit from Ownwell's expertise. By offering property tax appeal services, Ownwell helps ensure that assessments are fair and accurate, potentially lowering tax bills. Our team navigates the complexities of property tax appeals, providing homeowners with the opportunity to save money and reduce their financial burden.

Property Tax Bills Across Raphine, Rockbridge County, Virginia

Source: Ownwell

$684

$1,173

$1,662

Median Raphine Tax Bill

$1,662

Median Rockbridge County Tax Bill

$1,277

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Raphine, Rockbridge County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24472	$673	$1,010	$1,662	$2,503	$3,579

Source: Ownwell