Broadway, Shenandoah County, Virginia Property Taxes

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

Median Broadway, VA effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Broadway, VA home value: $187,400
Median annual Broadway, VA tax bill: $1,124, $1,276 lower than the national median property tax bill of $2,400.

How are property taxes in Shenandoah calculated?

Property taxes in Broadway, 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 Broadway’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Broadway, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Broadway, Shenandoah County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.64%

Estimate Property Tax Bill

$1,217

$1,130

Ownwell’s Broadway Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Broadway with just two data points. By entering your property's estimated assessed value, our calculator applies Broadway’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 Shenandoah County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Broadway, Shenandoah County, Virginia

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Broadway, located in Shenandoah County, Virginia, the effective property tax rate is notably lower than the national median. This rate reflects the county's budgetary needs and the total assessed property value within its borders. The median property tax rate in Virginia is below the national median, making it an attractive state for property owners seeking lower tax burdens.

Broadway's property tax rate is consistent across the county, indicating a stable economic environment. Compared to other cities in Virginia and the broader U.S., Broadway offers a more favorable tax situation for property owners. This can be a significant factor for those considering relocation or investment in the area, highlighting the importance of understanding local tax rates and their impact on overall property expenses.

Property Tax Rates Across Broadway, Shenandoah County, Virginia

Source: Ownwell

0.64%

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 Broadway Tax Rate

0.64%

Median Effective Shenandoah County Tax Rate

0.64%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Broadway, Shenandoah County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22815	0.64%	0.64%	0.64%	0.64%	0.64%

Source: Ownwell

Property Tax Assessment Values Across Broadway, Shenandoah County, Virginia

When examining property taxes in Broadway, 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 Shenandoah 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 Shenandoah 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 Broadway. For example, the median home price in Broadway is $187,400, with tax bills ranging significantly across the county. 22815 has the highest median home price at $187,400.

Property Tax Assessment Values Across Broadway, Shenandoah County, Virginia

Source: Ownwell

$190,000

$237,675

$285,350

Median Broadway Market Value

$190,200

Median Shenandoah County Market Value

$229,400

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Broadway, Shenandoah County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22815	$78,600	$125,150	$190,200	$280,650	$431,450

Source: Ownwell

Property Tax Bills Across Broadway, Shenandoah County, Virginia

In Broadway, located in Shenandoah County, VA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is often a percentage of the property's market value, which can fluctuate based on the housing market and local real estate trends. Homeowners in Broadway experience a median property tax bill of $1,124, which is significantly lower than the national median of $2,400. However, tax bills can vary, with the 25th percentile at $752 and the 90th percentile reaching $2,180, reflecting differences in property values and assessments.

High property taxes can be a burden, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax liabilities. Our team analyzes your property's assessment to identify discrepancies and files appeals on your behalf, ensuring you pay only what is fair. With Ownwell's assistance, homeowners can achieve substantial savings, easing the financial strain of property taxes.

Property Tax Bills Across Broadway, Shenandoah County, Virginia

Source: Ownwell

$1,132

$1,479

$1,826

Median Broadway Tax Bill

$1,217

Median Shenandoah County Tax Bill

$1,468

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Broadway, Shenandoah County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22815	$503	$801	$1,217	$1,796	$2,761

Source: Ownwell