Richardsville, Culpeper County, Virginia Property Taxes
Median Richardsville, VA effective property tax rate: 0.46%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Richardsville, VA home value: $368,500
Median annual Richardsville, VA tax bill: $1,628, $772 lower than the national median property tax bill of $2,400.
How are property taxes in Culpeper calculated?
Property taxes in Richardsville, 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 Richardsville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Richardsville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Richardsville, Culpeper County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.47%
Estimate Property Tax Bill
$1,750
$1,624
Property Tax Rates Across Richardsville, Culpeper County, Virginia
Local government entities set property tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides this 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, this is the annual process.
In Richardsville, Culpeper County, Virginia, the effective property tax rate is significantly lower than the national median of 1.02%. This can be attributed to the local government's budgetary needs and the total assessed property values in the area. With a median property tax rate of 0.46%, Culpeper County stands out as having one of the lowest property tax rates in the state. This makes Richardsville an attractive location for property owners looking to minimize their tax burden.
Comparing these figures to other cities in Virginia and the U.S., it's clear that property owners in Richardsville benefit from more favorable tax conditions. This offers a unique opportunity for potential homeowners and investors in the area to take advantage of lower tax rates while still enjoying the services and amenities provided by the county.
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 Richardsville Tax Rate
0.47%
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 Culpeper County Tax Rate
0.47%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Richardsville, Culpeper County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22736 | 0.34% | 0.47% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Richardsville, Culpeper County, Virginia
When examining property taxes in Richardsville, 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 Culpeper 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 Culpeper 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 Richardsville. For example, the median home price in Richardsville is $368,500, with tax bills ranging significantly across the county. ZIP code 22736 has the highest median home price at $368,500.
Property Tax Assessment Values Across Richardsville, Culpeper County, Virginia
Source: Ownwell
$281,200
$426,275
$571,350
Median Richardsville Market Value
$372,400
Median Culpeper County Market Value
$397,800
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Richardsville, Culpeper County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22736 | $246,160 | $298,475 | $372,400 | $478,725 | $609,720 |
Source: Ownwell
Property Tax Bills Across Richardsville, Culpeper County, Virginia
Median Richardsville Tax Bill
$1,690
Median Culpeper County Tax Bill
$1,803
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Richardsville, Culpeper County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22736 | $974 | $1,270 | $1,690 | $2,197 | $2,661 |
Source: Ownwell