Fulks Run, Rockingham County, Virginia Property Taxes
Median Fulks Run, 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 Fulks Run, VA home value: $156,400
Median annual Fulks Run, VA tax bill: $1,008, $1,392 lower than the national median property tax bill of $2,400.
How are property taxes in Rockingham calculated?
Property taxes in Fulks Run, 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 Fulks Run’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fulks Run, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fulks Run, Rockingham County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.68%
Estimate Property Tax Bill
$1,064
$987
Property Tax Rates Across Fulks Run, Rockingham County, Virginia
Local government entities set tax rates, which can vary widely within a state. Why? 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. Below, you can compare Fulks Run’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
Fulks Run, located in Rockingham County, boasts a property tax rate of 0.68%, which is significantly lower than the national median of 1.02%. This makes it an attractive location for property owners seeking lower tax burdens. The county's commitment to maintaining a budget that supports essential services while keeping tax rates low is a testament to its efficient fiscal management. Residents in Fulks Run enjoy the benefits of living in a region with a balanced approach to taxation, where the cost of property ownership is more manageable compared to national averages.
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 Fulks Run Tax Rate
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 Rockingham County Tax Rate
0.68%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fulks Run, Rockingham County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22830 | 0.48% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Fulks Run, Rockingham County, Virginia
When examining property taxes in Fulks Run, 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.
Assessment notices:
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 Fulks Run.
For example, the median home price in Fulks Run is $156,400, with tax bills ranging significantly across the county. Zip code 22830 has the highest median home price at $156,400.
Property Tax Assessment Values Across Fulks Run, Rockingham County, Virginia
Source: Ownwell
$144,500
$236,750
$329,000
Median Fulks Run Market Value
$156,400
Median Rockingham County Market Value
$237,400
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fulks Run, Rockingham County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22830 | $30,800 | $85,600 | $156,400 | $257,700 | $361,200 |
Source: Ownwell
Property Tax Bills Across Fulks Run, Rockingham County, Virginia
In Fulks Run, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Rockingham County is $156,400, and the property tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Fulks Run typically see tax bills that range from $509 at the 25th percentile to $1,604 at the 75th percentile, with the 90th percentile reaching $2,228. These figures are significantly lower than the national median property tax bill of $2,400.
For homeowners in Fulks Run, understanding these factors is crucial as property taxes can impact their financial planning. Ownwell offers property tax appeal and exemption services to help homeowners potentially reduce their tax bills. By evaluating the assessed value and ensuring it reflects the true market value, Ownwell can assist in identifying discrepancies and filing appeals, helping homeowners save money and ensuring they are not overpaying on their property taxes.
Median Fulks Run Tax Bill
$1,008
Median Rockingham County Tax Bill
$1,584
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Fulks Run, Rockingham County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22830 | $188 | $509 | $1,008 | $1,604 | $2,228 |
Source: Ownwell
