Grottoes, Rockingham County, Virginia Property Taxes

Name: Property Tax Bills Across Grottoes, Rockingham County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Grottoes, VA effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%. Median Grottoes, VA home value: $193,300. Median annual Grottoes, VA tax bill: $1,310, $1,090 lower than the national median property tax bill of $2,400. How are property taxes in Rockingham County calculated? Property taxes in Grottoes, 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 Grottoes’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grottoes, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Grottoes, Rockingham County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$1,314

$1,219

Ownwell’s Grottoes Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grottoes with just two data points. By entering your property's estimated assessed value, our calculator applies Grottoes’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Rockingham County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Grottoes, Rockingham County, Virginia

Local government entities set tax rates, which can vary widely within a state. This is 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 Grottoes’ effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Virginia's median property tax rate is significantly lower than the national median of 1.02%. Grottoes, located in Rockingham County, shares this lower tax rate, providing a more affordable option for property owners compared to the national average. This lower tax burden can be a significant factor for those considering relocation or investment in property. Understanding these nuances in property tax rates can aid in making informed decisions about property investments and financial planning.

Property Tax Rates Across Grottoes, Rockingham County, Virginia

Source: Ownwell

0.68%

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 Grottoes Tax Rate

0.68%

Median Effective Rockingham County Tax Rate

0.68%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grottoes, Rockingham County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24441	0.68%	0.68%	0.68%	0.68%	0.68%

Source: Ownwell

Property Tax Assessment Values Across Grottoes, Rockingham County, Virginia

When examining property taxes in Grottoes, 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 Rockingham 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 Rockingham 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 Grottoes. For example, the median home price in Grottoes is $193,300, with tax bills ranging significantly across the county. Zip code 24441 has the highest median home price at $193,300.

Property Tax Assessment Values Across Grottoes, Rockingham County, Virginia

Source: Ownwell

$116,500

$2,015,250

$3,914,000

Median Grottoes Market Value

$193,200

Median Rockingham County Market Value

$236,200

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Grottoes, Rockingham County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24441	$103,800	$154,650	$193,200	$251,300	$302,800

Source: Ownwell

Property Tax Bills Across Grottoes, Rockingham County, Virginia

In Grottoes, Rockingham County, VA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the local assessor. Homeowners in Grottoes experience median property tax bills around $1,310, which is significantly lower than the national median of $2,400. Factors such as changes in market value, local government budgets, and any exemptions or deductions can influence the final tax bill. For homeowners, these taxes can represent a substantial annual expense, potentially impacting their financial planning and budgeting.

Ownwell offers a valuable service to homeowners by providing property tax appeal and exemption services. By analyzing your property’s assessment and market data, Ownwell can identify opportunities to reduce your tax burden. With expertise in local tax regulations and a commitment to client savings, Ownwell can help ensure you're not overpaying, potentially saving you hundreds of dollars annually on your property tax bill.

Property Tax Bills Across Grottoes, Rockingham County, Virginia

Source: Ownwell

$795

$13,705

$26,615

Median Grottoes Tax Bill

$1,311

Median Rockingham County Tax Bill

$1,605

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Grottoes, Rockingham County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24441	$695	$1,051	$1,311	$1,707	$2,056

Source: Ownwell