Elkton, Rockingham County, Virginia Property Taxes

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

Median Elkton, VA effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Elkton, VA home value: $199,350
Median annual Elkton, VA tax bill: $1,333, $1,067 lower than the national median property tax bill of $2,400.

How are property taxes in Rockingham calculated?

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

Last Updated March 1, 2025

Elkton, Rockingham County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$1,348

$1,251

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

Property Tax Rates Across Elkton, Rockingham 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.

Elkton in Rockingham County, Virginia, has an effective property tax rate that stands out when compared to other cities in Virginia. The median property tax rate in Rockingham County is 0.68%, which is notably lower than the national median property tax rate of 1.02%. This can be a significant advantage for property owners in Elkton, as lower property tax rates can lead to substantial savings over time. Additionally, with the national median property tax bill at $2400, property owners in Elkton may find themselves paying less compared to the national average. This favorable tax environment in Elkton provides an attractive proposition for current and prospective property owners looking to optimize their real estate investments.

Property Tax Rates Across Elkton, Rockingham County, Virginia

Source: Ownwell

0.68%

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 Elkton Tax Rate

0.68%

Median Effective Rockingham County Tax Rate

0.68%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Elkton, Rockingham County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22827	0.68%	0.68%	0.68%	0.68%	0.68%

Source: Ownwell

Property Tax Assessment Values Across Elkton, Rockingham County, Virginia

When examining property taxes in Elkton, Virginia, 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 Rockingham 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 Rockingham County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Elkton. For example, the median home price in Elkton is $199,350, with tax bills ranging significantly across the county. Zip code 22827 has the highest median home price at $199,350.

Property Tax Assessment Values Across Elkton, Rockingham County, Virginia

Source: Ownwell

$116,500

$2,015,250

$3,914,000

Median Elkton Market Value

$198,200

Median Rockingham County Market Value

$236,200

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Elkton, Rockingham County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22827	$62,760	$135,650	$198,200	$278,600	$375,640

Source: Ownwell

Property Tax Bills Across Elkton, Rockingham County, Virginia

In Elkton, VA, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. Local authorities in Rockingham County set the tax rate, which is then applied to the assessed value to calculate the tax bill. Homeowners in Elkton face a median property tax bill of $1,333, which is significantly lower than the national median of $2,400. This relatively low tax bill can be attributed to the area's affordable median home price of $199,350. However, homeowners in the 90th percentile may see bills as high as $2,529, indicating variability depending on property value and location within the county. For homeowners looking to reduce their property tax burden, Ownwell offers expert services in property tax appeals and exemptions. By leveraging local market knowledge and legal expertise, Ownwell can help ensure that homeowners are not overpaying on their property taxes, potentially leading to substantial savings on their annual tax bills.

Property Tax Bills Across Elkton, Rockingham County, Virginia

Source: Ownwell

$795

$13,705

$26,615

Median Elkton Tax Bill

$1,342

Median Rockingham County Tax Bill

$1,605

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Elkton, Rockingham County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22827	$354	$906	$1,342	$1,884	$2,534

Source: Ownwell