Mc Gaheysville, Rockingham County, Virginia Property Taxes
Median Mc Gaheysville, 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 Mc Gaheysville, VA home value: $282,800
Median annual Mc Gaheysville, VA tax bill: $1,914, $486 lower than the national median property tax bill of $2,400.
How are property taxes in Rockingham County calculated?
Property taxes in Mc Gaheysville, 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 Mc Gaheysville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mc Gaheysville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mc Gaheysville, 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
$1,941
$1,801
Property Tax Rates Across Mc Gaheysville, Rockingham County, Virginia
Local government entities are responsible for setting property tax rates, which can vary significantly within Virginia. Each year, counties estimate the budget needed for essential services and divide this by the total value of all taxable properties within their jurisdiction. This process determines the property tax rate. Although votes and legislation play roles in setting these rates and budgets, this calculation is the core of the annual process.
In Mc Gaheysville, located in Rockingham County, the effective property tax rate is notably lower than the national median of 1.02%. This can be appealing to property owners who are looking for more affordable tax rates compared to other regions. The median property tax rate in Virginia is also lower than the national average, making it an attractive state for property investments. Understanding these rates can help property owners make informed decisions about where to invest or relocate. By comparing Mc Gaheysville’s property tax rate to other cities in Virginia and the national median, residents and potential investors can better assess the financial implications of owning property in this area.
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 Mc Gaheysville 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
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mc Gaheysville, Rockingham County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22840 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Mc Gaheysville, Rockingham County, Virginia
When examining property taxes in Mc Gaheysville, 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 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 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 Mc Gaheysville. For example, the median home price in Mc Gaheysville is $282,800, with tax bills ranging significantly across the county. Zip code 22840 has the highest median home price at $282,800.
Property Tax Assessment Values Across Mc Gaheysville, Rockingham County, Virginia
Source: Ownwell
$116,500
$2,015,250
$3,914,000
Median Mc Gaheysville Market Value
$285,400
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 Mc Gaheysville, Rockingham County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22840 | $175,000 | $215,100 | $285,400 | $357,800 | $451,600 |
Source: Ownwell
Property Tax Bills Across Mc Gaheysville, Rockingham County, Virginia
In Mc Gaheysville, located in Rockingham County, VA, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $282,800, which plays a crucial role in determining the tax obligation for homeowners. Tax bills here can vary significantly, with the 25th percentile paying around $1,463 and the 90th percentile reaching up to $3,009. These figures are notably lower than the national median property tax bill of $2,400. Factors such as property location, improvements, and local tax rates all contribute to the final tax bill. This variation can impact homeowners financially, making it essential to ensure accurate assessments.
Ownwell offers valuable assistance in navigating these complexities by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially lower their tax bills, ensuring they are not overpaying. This service can lead to significant savings, offering peace of mind and financial relief for property owners in Mc Gaheysville.
Property Tax Bills Across Mc Gaheysville, Rockingham County, Virginia
Source: Ownwell
$795
$13,705
$26,615
Median Mc Gaheysville Tax Bill
$1,937
Median Rockingham County Tax Bill
$1,605
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Mc Gaheysville, Rockingham County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22840 | $1,174 | $1,463 | $1,937 | $2,431 | $3,067 |
Source: Ownwell