Port Republic, Rockingham County, Virginia Property Taxes

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

Median Port Republic, 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 Port Republic, VA home value: $275,200. Median annual Port Republic, VA tax bill: $1,813, $587 lower than the national median property tax bill of $2,400. How are property taxes in Rockingham calculated? Property taxes in Port Republic, 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 Port Republic’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Port Republic, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Port Republic, 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

$1,871

$1,737

Ownwell’s Port Republic Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Port Republic with just two data points. By entering your property's estimated assessed value, our calculator applies Port Republic’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 Port Republic, Rockingham County, Virginia

Local government entities set tax rates, which can vary widely within a state. 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 Port Republic’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Port Republic, located in Rockingham County, has a median property tax rate of 0.68%. This is significantly lower than the national median property tax rate of 1.02%. This lower rate can offer substantial savings for property owners in Port Republic compared to the national average. Understanding these rates can be crucial for homeowners seeking to manage their property tax obligations effectively. By taking advantage of these lower rates, property owners in Port Republic can enjoy reduced property tax bills, potentially freeing up resources for other financial goals.

Property Tax Rates Across Port Republic, 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 Port Republic Tax Rate

0.68%

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 Port Republic, Rockingham County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24471	0.53%	0.68%	0.68%	0.68%	0.68%

Source: Ownwell

Property Tax Assessment Values Across Port Republic, Rockingham County, Virginia

When examining property taxes in Port Republic, 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 the season. 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 Port Republic. For example, the median home price in Port Republic is $275,200, with tax bills ranging significantly across the county. Zip code 24471 has the highest median home price at $275,200.

Property Tax Assessment Values Across Port Republic, Rockingham County, Virginia

Source: Ownwell

$144,500

$236,750

$329,000

Median Port Republic Market Value

$275,200

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 Port Republic, Rockingham County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24471	$125,400	$189,000	$275,200	$378,725	$558,940

Source: Ownwell

Property Tax Bills Across Port Republic, Rockingham County, Virginia

In Port Republic, VA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. For homeowners in Rockingham County, the tax bill can vary widely depending on the home's assessed value and the specific tax rate applied. With a median home price of $275,200, property taxes can be significant. The median tax bill here is $1,813, which is below the national median of $2,400, offering some relief to homeowners. However, bills can range from $1,267 at the 25th percentile to $3,327 at the 90th percentile, indicating that some homeowners face higher tax burdens.

Ownwell can assist homeowners by appealing these assessments and identifying potential exemptions, helping to reduce their property tax bills. By leveraging local expertise and a deep understanding of tax regulations, Ownwell ensures homeowners pay only their fair share. This service is invaluable in managing property tax costs, potentially saving homeowners hundreds to thousands of dollars annually.

Property Tax Bills Across Port Republic, Rockingham County, Virginia

Source: Ownwell

$859

$1,529

$2,198

Median Port Republic Tax Bill

$1,813

Median Rockingham County Tax Bill

$1,584

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Port Republic, Rockingham County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24471	$816	$1,267	$1,813	$2,387	$3,327

Source: Ownwell