Stanardsville, Madison County, Virginia Property Taxes
Property Taxes in Stanardsville, Virginia
Median Stanardsville, 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 Stanardsville, Virginia home value: $124,600
Median annual Stanardsville, Virginia tax bill: $922, $1,478 lower than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Stanardsville, 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 Stanardsville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Stanardsville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Stanardsville, 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
$922
$856
How Does the Stanardsville Property Tax Calculator Work?
Use this Stanardsville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Stanardsville'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 office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Stanardsville'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 Stanardsville: rates range from 0.74% in 22973 to 0.74% in 22973, 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 Stanardsville.
About Stanardsville Property Taxes
About Property Taxes in Stanardsville, Madison, Virginia
Stanardsville’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 Stanardsville. Homeowners in ZIP code 22973 carry a median effective rate of 0.74%, while those in the same ZIP code also pay 0.74%. This reflects how school district boundaries and local assessment districts are drawn across Madison County. Understanding which part of Stanardsville you live in can make a meaningful difference to your annual tax bill.
Stanardsville 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 Stanardsville, 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 Stanardsville'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 Ă· 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 Stanardsville Tax Rate
0.74%
Our median effective property tax rate (tax bill Ă· 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 Stanardsville, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22973 | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Stanardsville, Madison County, Virginia
When examining property taxes in Stanardsville, 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 February each year.
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. For example, the median home price in Stanardsville is $124,600, with tax bills ranging from $728 at the 25th percentile to $1,251 at the 75th percentile. The highest median home price is in 22973 at $124,600.
Property Tax Assessment Values Across Stanardsville, Madison County, Virginia
Source: Ownwell
$124,600
$194,925
$265,250
Median Stanardsville Market Value
$124,600
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 Stanardsville, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22973 | $74,740 | $98,400 | $124,600 | $169,900 | $280,680 |
Source: Ownwell
Property Tax Bills Across Stanardsville, Madison County, Virginia
Stanardsville property tax bills are based on the assessed value of a home and the local tax rate set for Madison County. The bill is calculated by multiplying the assessed market value by the property tax rate, so higher-valued homes generally face larger tax bills. For a home with a median value of $124,600, the amount owed can vary depending on the exact assessment and any local tax changes.
Homeowners in Stanardsville typically see tax bills that fall between $728 at the 25th percentile and $1,251 at the 75th percentile, with the 90th percentile reaching $1,916. The median tax bill in ZIP code 22973 is $922, which is below the national median property tax bill of $2,400 and reflects a lower-than-average burden. Because property taxes are tied to home value, changes in the market can affect what homeowners pay each year.
Median Stanardsville Tax Bill
$922
Median Madison County Tax Bill
$1,540
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Stanardsville, Madison County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22973 | $553 | $728 | $922 | $1,251 | $1,916 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 5 |
Links | |
|---|---|
| Madison Tax Assessor | |
| Website | www.webgis.net |