Toms Brook, Shenandoah County, Virginia Property Taxes
Median Toms Brook, 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 Toms Brook, VA home value: $226,400
Median annual Toms Brook, VA tax bill: $1,353, $1,047 lower than the national median property tax bill of $2,400.
How are property taxes in Shenandoah calculated?
Property taxes in Toms Brook, 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 Toms Brook’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Toms Brook, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Toms Brook, Shenandoah County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$1,358
$1,261
Property Tax Rates Across Toms Brook, Shenandoah County, Virginia
Local government entities set tax rates, which can vary widely within a state. This variance arises 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Toms Brook, located in Shenandoah County, VA, property tax rates are notably lower than the national median of 1.02%. This can be particularly appealing for property owners comparing rates across different regions. With a median property tax rate of 0.60%, Toms Brook stands out as a cost-effective option for homeowners, especially when contrasted with the national median property tax bill of $2,400. This lower tax rate can lead to substantial savings, making the area attractive for both current residents and potential homebuyers.
Comparing Toms Brook's effective property tax rate to other cities in Virginia and the U.S. highlights its affordability, offering significant financial benefits to property owners while maintaining the essential services provided by the local government.
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 Toms Brook Tax Rate
0.60%
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 Shenandoah County Tax Rate
0.60%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Toms Brook, Shenandoah County, Virginia
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
22660 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Toms Brook, Shenandoah County, Virginia
When examining property taxes in Toms Brook, 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.
In Shenandoah County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Toms Brook. For example, the median home price in Toms Brook is $226,400, with tax bills ranging significantly across the county. 22660 has the highest median home price at $226,400.
Property Tax Assessment Values Across Toms Brook, Shenandoah County, Virginia
Source: Ownwell
$163,200
$218,250
$273,300
Median Toms Brook Market Value
$226,400
Median Shenandoah County Market Value
$221,200
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Toms Brook, Shenandoah County, Virginia
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
22660 | $117,600 | $176,600 | $226,400 | $310,650 | $409,900 |
Source: Ownwell
Property Tax Bills Across Toms Brook, Shenandoah County, Virginia
Median Toms Brook Tax Bill
$1,353
Median Shenandoah County Tax Bill
$1,318
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Toms Brook, Shenandoah County, Virginia
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
22660 | $688 | $1,059 | $1,353 | $1,851 | $2,458 |
Source: Ownwell