Property Taxes in Mcgaheysville, Virginia
Median McGaheysville, Virginia effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median McGaheysville, Virginia home value: $3,914,000
Median annual McGaheysville, Virginia tax bill: $26,615, higher than the national median property tax bill of $2,400.
How are property taxes in Rockingham calculated?
Property taxes in McGaheysville, Virginia 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 McGaheysville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in McGaheysville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the McGaheysville Property Tax Calculator Work?
Use this McGaheysville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies McGaheysville's median effective tax rate of 0.68% — based on actual property records in Rockingham County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies McGaheysville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within McGaheysville: rates range from 0.68% in 22840 to 0.68% in 22840, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across McGaheysville. McGaheysville's median effective tax rate is lower than the Virginia median tax rate of 0.90%, but the median tax bill of $26,615 is higher than the state median by $24,215.
About Mcgaheysville Property Taxes
About Property Taxes in McGaheysville, Rockingham, Virginia
McGaheysville’s median effective property tax rate of 0.68% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Rockingham County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across McGaheysville. Homeowners in ZIP code 22840 carry a median effective rate of 0.68%, while those in the lowest ZIP code also pay 0.68%. This spread reflects how school district boundaries and local assessment districts are drawn across Rockingham County. Understanding which part of McGaheysville you live in can make a meaningful difference to your annual tax bill.
McGaheysville homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Mcgaheysville, Rockingham County, Virginia
As noted earlier, 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 McGaheysville's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
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 Mcgaheysville 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
1.27%
Property Tax Rates Across Mcgaheysville, 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 Mcgaheysville, Rockingham County, Virginia
When examining property taxes in McGaheysville, 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 are sent in March each year. They typically reach your mailbox by the middle of the month.
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. For example, the median home price in McGaheysville is $3,914,000, with tax bills ranging significantly across the county. ZIP code 22840 has the highest median home price at $3,914,000.
Property Tax Assessment Values Across Mcgaheysville, Rockingham County, Virginia
Source: Ownwell
$116,500
$2,015,250
$3,914,000
Median Mcgaheysville Market Value
$3,914,000
Median Rockingham County Market Value
$236,200
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Mcgaheysville, Rockingham County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22840 | $222,000 | $1,853,600 | $3,914,000 | $11,216,250 | $13,306,800 |
Source: Ownwell
Property Tax Bills Across Mcgaheysville, Rockingham County, Virginia
Property tax bills in McGaheysville are based on the assessed value of a home, which is then multiplied by the local tax rate set for Rockingham County. When a property’s market value rises, the assessed value can increase as well, which can lead to a higher tax bill. For homeowners, this means the amount owed each year is tied not just to the home itself, but also to how local authorities value it and apply the tax rate.
The median home price in McGaheysville is $3,914,000, and the median property tax bill is $26,615 in ZIP code 22840. That is far above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills can vary widely, with the 25th percentile at $12,604 and the 75th percentile at $76,270, showing how much property taxes can affect homeowners depending on the value of their property.
Property Tax Bills Across Mcgaheysville, Rockingham County, Virginia
Source: Ownwell
$795
$13,705
$26,615
Median Mcgaheysville Tax Bill
$26,615
Median Rockingham County Tax Bill
$1,605
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Mcgaheysville, Rockingham County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22840 | $1,510 | $12,604 | $26,615 | $76,270 | $90,486 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Rockingham Tax Assessor | |
| Website | rockinghamcountyva.munisselfservice.com |