Timberville, Shenandoah County, Virginia Property Taxes

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

Median Timberville, 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 Timberville, VA home value: $230,100
Median annual Timberville, VA tax bill: $1,372, $1,028 lower than the national median property tax bill of $2,400.

How are property taxes in Shenandoah calculated?

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

Last Updated March 1, 2025

Timberville, 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

$1,826

$1,695

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

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 Timberville’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Timberville, located in Shenandoah County, has a median property tax rate of 0.60%, which is considerably lower than the national median property tax rate of 1.02%. This lower rate can be appealing for property owners seeking more affordable tax obligations. It's important for residents and potential homeowners to understand how these rates are determined and how they compare on a broader scale. By staying informed, you can make better decisions regarding property investments and financial planning.

Property Tax Rates Across Timberville, 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 Timberville 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 Timberville, Shenandoah County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22853	0.64%	0.64%	0.64%	0.64%	0.64%

Source: Ownwell

Property Tax Assessment Values Across Timberville, Shenandoah County, Virginia

When examining property taxes in Timberville, 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 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 Timberville. For example, the median home price in Timberville is $230,100, with tax bills ranging significantly across the county. Zip code 22853 has the highest median home price at $230,100.

Property Tax Assessment Values Across Timberville, Shenandoah County, Virginia

Source: Ownwell

$190,000

$237,675

$285,350

Median Timberville Market Value

$285,350

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 Timberville, Shenandoah County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22853	$76,080	$153,675	$285,350	$380,725	$831,790

Source: Ownwell

Property Tax Bills Across Timberville, Shenandoah County, Virginia

In Timberville, located in Shenandoah County, Virginia, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Timberville is $230,100, and property tax rates are applied to this assessed value to calculate the tax bill. Homeowners in Timberville typically experience tax bills ranging from $748 at the 25th percentile to $1,757 at the 75th percentile, with the 90th percentile reaching $2,302. The median property tax bill in Timberville is $1,372, which is below the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Ownwell assists homeowners by providing property tax appeal and exemption services, helping to ensure that assessments are fair and accurate. By leveraging local expertise and a thorough understanding of property tax regulations, Ownwell can potentially reduce tax liabilities, offering homeowners significant savings on their property tax bills.

Property Tax Bills Across Timberville, Shenandoah County, Virginia

Source: Ownwell

$1,132

$1,479

$1,826

Median Timberville Tax Bill

$1,826

Median Shenandoah County Tax Bill

$1,468

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Timberville, Shenandoah County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22853	$553	$1,066	$1,826	$2,434	$4,706

Source: Ownwell