Reva, Madison County, Virginia Property Taxes
Property Taxes in Reva, Virginia
Median REVA, 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 REVA, Virginia home value: $231,900
Median annual REVA, Virginia tax bill: $1,672, lower than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in REVA, 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 REVA's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in REVA, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Reva, Madison County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$1,716
$1,592
How Does the REVA Property Tax Calculator Work?
Use this REVA property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies REVA'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 system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies REVA'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 REVA: rates range from 0.74% in 22735 to 0.74% in 22735, 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 REVA.
About Reva Property Taxes
About Property Taxes in REVA, Madison, Virginia
REVA’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 REVA. Homeowners in the 22735 ZIP code carry a median effective rate of 0.74%, while those in the lowest ZIP also pay 0.74%. This spread reflects how school district boundaries and local assessment districts are drawn across Madison County. Understanding which part of REVA you live in can make a meaningful difference to your annual tax bill.
REVA homeowners who believe their assessed value is too high can file a formal appeal with the 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 Reva, 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 REVA's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
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 Reva Tax Rate
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 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 Reva, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22735 | 0.71% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Reva, Madison County, Virginia
When examining property taxes in Reva, 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 Reva.
For example, the median home price in Reva is $231,900, with tax bills ranging significantly across the county. 22735 has the highest median home price at $231,900.
Property Tax Assessment Values Across Reva, Madison County, Virginia
Source: Ownwell
$124,600
$194,925
$265,250
Median Reva Market Value
$231,900
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 Reva, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22735 | $123,680 | $157,650 | $231,900 | $314,250 | $412,620 |
Source: Ownwell
Property Tax Bills Across Reva, Madison County, Virginia
Property tax bills in REVA are based on the assessed value of a home and the local tax rate set by the county and other taxing authorities. When a property’s market value changes, the assessed value can change too, which affects the final bill homeowners receive. For a home with a median price of $231,900, the tax bill can vary widely depending on location and assessment details.
In Madison County, the median property tax bill is $1,672, which is below the national median property tax bill of $2,400 and also below the national median property tax rate of 1.02%. For many homeowners, the typical bill falls between $1,140 at the 25th percentile and $2,279 at the 75th percentile, with the 90th percentile reaching $3,015. These differences show how property taxes can affect household budgets, especially when assessments rise or local rates increase.
Median Reva Tax Bill
$1,672
Median Madison County Tax Bill
$1,540
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Reva, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22735 | $898 | $1,140 | $1,672 | $2,279 | $3,015 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 5 |
Links | |
|---|---|
| Madison Tax Assessor | |
| Website | www.webgis.net |