Mcgaheysville, Rockingham County, Virginia Property Taxes

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

Median McGaheysville, 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 McGaheysville, VA home value: $4,954,500
Median annual McGaheysville, VA tax bill: $27,234, $24,834 higher than the national median property tax bill of $2,400.

How are property taxes in Rockingham County calculated?

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

Last Updated March 1, 2025

Mcgaheysville, 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

$26,615

$24,698

Ownwell’s McGaheysville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in McGaheysville with just two data points. By entering your property's estimated assessed value, our calculator applies McGaheysville’s 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 Mcgaheysville, 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 McGaheysville’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. McGaheysville, located in Rockingham County, has an effective property tax rate that is lower than the national median of 1.02%. Virginia's median property tax rate stands at 0.68%, which is also below the national average. This suggests that property owners in McGaheysville and across Virginia may benefit from lower property tax bills compared to many other states. Understanding these differences can help homeowners make informed decisions about property investments and financial planning.

Property Tax Rates Across Mcgaheysville, 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 Mcgaheysville 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 Mcgaheysville, Rockingham County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22840	0.68%	0.68%	0.68%	0.68%	0.68%

Source: Ownwell

Property Tax Assessment Values Across Mcgaheysville, Rockingham County, Virginia

When examining property taxes in McGaheysville, 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 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 McGaheysville. For example, the median home price in McGaheysville is $4,954,500, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Mcgaheysville, Rockingham County, Virginia

Source: Ownwell

$116,500

$2,015,250

$3,914,000

Median Mcgaheysville Market Value

$3,914,000

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 Mcgaheysville, Rockingham County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22840	$222,000	$1,853,600	$3,914,000	$11,216,250	$13,306,800

Source: Ownwell

Property Tax Bills Across Mcgaheysville, Rockingham County, Virginia

In McGaheysville, located in Rockingham County, VA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, ensuring that taxes are proportionate to the property's worth. Factors such as location, property size, and recent sales in the area influence the assessed value. Homeowners in McGaheysville face a range of property tax bills, with those at the 25th percentile paying around $5,299, while those at the 75th percentile pay approximately $74,279. This disparity highlights the importance of accurate property assessments. Property taxes can significantly impact homeowners, especially when bills are higher than expected. Ownwell assists homeowners by reviewing their property assessments and identifying potential inaccuracies or overvaluations. By appealing these assessments, Ownwell helps to ensure fair taxation, potentially saving homeowners a substantial amount on their property tax bills, compared to the national median tax bill of $2,400.

Property Tax Bills Across Mcgaheysville, Rockingham County, Virginia

Source: Ownwell

$795

$13,705

$26,615

Median Mcgaheysville Tax Bill

$26,615

Median Rockingham County Tax Bill

$1,605

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Mcgaheysville, Rockingham County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22840	$1,510	$12,604	$26,615	$76,270	$90,486

Source: Ownwell