Locust Dale, Madison County, Virginia Property Taxes

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Property Taxes in Locust Dale, Virginia

Median Locust Dale, Virginia effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Locust Dale, Virginia home value: $265,250
Median annual Locust Dale, Virginia tax bill: $1,963, $437 lower than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

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

Last Updated April 13, 2026

Locust Dale, Madison County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.74%

Estimate Property Tax Bill

$1,963

$1,821

How Does the Locust Dale Property Tax Calculator Work?

Use this Locust Dale property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Locust Dale's median effective tax rate of 0.74% — based on actual property records in Madison County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Locust Dale's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Locust Dale: rates range from 0.74% in 22948 to 0.74% in 22948, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Locust Dale.

About Locust Dale Property Taxes

About Property Taxes in Locust Dale, Madison, Virginia

Locust Dale's median effective property tax rate of 0.74% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Madison County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Locust Dale. Homeowners in the 22948 ZIP code carry a median effective rate of 0.74%, while those in 22948 pay 0.74%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Madison County. Understanding which part of Locust Dale you live in can make a meaningful difference to your annual tax bill.

Locust Dale homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the March 5, 2025 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Locust Dale, Madison County, Virginia

As noted earlier, 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 Locust Dale's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

Property Tax Rates Across Locust Dale, Madison County, Virginia

Source: Ownwell

0.74%

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 Locust Dale Tax Rate

0.74%

Median Effective Madison County Tax Rate

0.74%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Locust Dale, Madison County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22948	0.74%	0.74%	0.74%	0.74%	0.74%

Source: Ownwell

Property Tax Assessment Values Across Locust Dale, Madison County, Virginia

When examining property taxes in Locust Dale, 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 Madison County assessment office 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 Madison County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.

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 Locust Dale.

For example, the median home price in Locust Dale is $265,250, with tax bills ranging significantly across the county. 22948 has the highest median home price at $265,250.

Property Tax Assessment Values Across Locust Dale, Madison County, Virginia

Source: Ownwell

$124,600

$194,925

$265,250

Median Locust Dale Market Value

$265,250

Median Madison County Market Value

$212,100

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Locust Dale, Madison County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22948	$132,720	$174,375	$265,250	$352,325	$436,350

Source: Ownwell

Property Tax Bills Across Locust Dale, Madison County, Virginia

Property tax bills in Locust Dale are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value is the starting point for determining what a homeowner owes each year, and changes in market conditions can affect that amount. For many homeowners, this means a higher home value can lead to a higher tax bill, even if the tax rate stays the same.

In Madison County, the median home price is $265,250, and the median property tax bill is $1,963, which is below the national median property tax bill of $2,400. Tax bills in the area vary, with the 25th percentile at $1,290 and the 75th percentile at $2,546. For homeowners, property taxes are an ongoing cost of ownership that can influence monthly budgets and long-term affordability.

Property Tax Bills Across Locust Dale, Madison County, Virginia

Source: Ownwell

$922

$1,443

$1,963

Median Locust Dale Tax Bill

$1,963

Median Madison County Tax Bill

$1,540

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Locust Dale, Madison County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22948	$982	$1,290	$1,963	$2,546	$3,107

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	March 5

Links
Madison Tax Assessor
Website	www.webgis.net

Frequently Asked Property Tax Questions in Locust Dale, Virginia

How are property taxes calculated in Locust Dale, Virginia?

Property taxes in Locust Dale, Virginia are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Locust Dale, Virginia?

To appeal your property taxes in Locust Dale, Virginia, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Locust Dale, Virginia?

Common property tax exemptions in Locust Dale, Virginia include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Locust Dale, Virginia?

Property tax deadlines in Locust Dale, Virginia vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Locust Dale, Virginia?

Ownwell provides professional property tax appeal services in Locust Dale, Virginia. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.