Property Taxes in Penn Laird, Virginia
Median Penn Laird, 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 Penn Laird, Virginia home value: $323,820
Median annual Penn Laird, Virginia tax bill: $2,196, $204 lower than the national median property tax bill of $2,400.
How are property taxes in Rockingham calculated?
Property taxes in Penn Laird, 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 Penn Laird's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Penn Laird, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Penn Laird Property Tax Calculator Work?
Use this Penn Laird property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Penn Laird'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 assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Penn Laird'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 Penn Laird: rates range from 0.68% in 22846 to 0.68% in 22846, 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 Penn Laird.
About Penn Laird Property Taxes
About Property Taxes in Penn Laird, Rockingham, Virginia
Penn Laird'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 Penn Laird. Homeowners in ZIP code 22846 carry a median effective rate of 0.68%, while those in 22846 pay 0.68%. This spread reflects how school district boundaries and local assessment districts are drawn across Rockingham County. Understanding which part of Penn Laird you live in can make a meaningful difference to your annual tax bill.
Penn Laird 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 Penn Laird, 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 Penn Laird'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 Penn Laird 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 Penn Laird, Rockingham County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22846 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Penn Laird, Rockingham County, Virginia
When examining property taxes in Penn Laird, 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 assesses 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 March.
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 Penn Laird.
For example, the median home price in Penn Laird is $323,820, with tax bills ranging significantly across the county. 22846 has the highest median home price at $323,820.
Property Tax Assessment Values Across Penn Laird, Rockingham County, Virginia
Source: Ownwell
$116,500
$2,015,250
$3,914,000
Median Penn Laird Market Value
$323,820
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 Penn Laird, Rockingham County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22846 | $143,620 | $214,325 | $323,820 | $423,675 | $527,110 |
Source: Ownwell
Property Tax Bills Across Penn Laird, Rockingham County, Virginia
Property tax bills in Penn Laird are based on the assessed value of a home and the local tax rate set for Rockingham County. The assessed value is meant to reflect the market value of the property, and that figure is then multiplied by the applicable tax rate to determine the annual bill. For homeowners, this means a higher assessed value can lead to a larger tax bill, even if the home has not been sold.
In Penn Laird, the median home price is $323,820, and the median property tax bill is $2,196. That is below the national median property tax bill of $2,400, but bills can vary widely depending on the home’s assessed value and location. A homeowner’s final bill may also be affected by exemptions or other local factors that reduce taxable value. For many homeowners, understanding how the bill is calculated is important because it can have a meaningful impact on annual housing costs.
Median Penn Laird Tax Bill
$2,196
Median Rockingham County Tax Bill
$1,605
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Penn Laird, Rockingham County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22846 | $958 | $1,447 | $2,196 | $2,875 | $3,567 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Rockingham Tax Assessor | |
| Website | rockinghamcountyva.munisselfservice.com |