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Updated 2025 Tax Year

Greene County
Property Tax Guide

Everything you need to know about property taxes in Greene County, VA. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
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Quick Facts
Tax Rate
$0.69 per $100 of assessed value (2025 proposed rate), may vary by special taxing districts
Exemptions
3+ Available
Section 1

How Property Tax Works

Greene County, Virginia operates under a property tax system that serves as a primary funding source for essential local services including public schools, emergency services, road maintenance, and county administration. Property taxes in Greene County are assessed annually based on the fair market value of real estate as of January 1st, with tax rates set by the Greene County Board of Supervisors during their annual budget process.

For the 2025 tax year, Greene County has proposed a real estate tax rate of $0.69 per $100 of assessed value, which represents the rate necessary to generate equivalent revenue to the previous year when accounting for increased property assessments. It's important to note that actual tax rates may vary by location within Greene County due to special taxing districts or additional assessments that apply to specific areas of the county. Property owners should verify their specific tax obligations as rates can differ based on geographic location and applicable district assessments.

Section 2

What Makes Up Your Tax Bill

ComponentRate per $100Description
Base Real Estate Tax$0.69Proposed 2025 county-wide real estate tax rate
Special DistrictsVariesAdditional assessments may apply based on location

Note: The $0.69 rate is proposed for the 2025 tax year and is subject to public hearing scheduled for April 22, 2025. Final rates will be confirmed following this hearing. Property owners should be aware that additional special district assessments may apply depending on the specific location of their property within Greene County, which could result in higher effective tax rates for some areas.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Greene County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Greene County are additional property tax assessments that occur when there are changes to property ownership, new construction, or improvements made to existing properties after the January 1st assessment date. These taxes are calculated based on the difference between the new assessed value and the previous assessed value, prorated for the remaining months in the tax year.

For example, if a property owner completes a $50,000 home addition in June, and the county's tax rate is $0.69 per $100 of assessed value, the supplemental tax would be calculated as follows: ($50,000 ÷ 100) × $0.69 = $345 annually. Since the improvement was completed in June with 7 months remaining in the tax year, the supplemental tax bill would be $345 × (7/12) = $201.25. Supplemental taxes are typically billed separately from regular property tax bills and have their own payment due dates.

Example Calculation

Example 1: $300,000 Home

  • Assessed Value: $300,000
  • Tax Credits Applied: $0 (assuming no applications filed)
  • Net Taxable Value: $300,000
  • Annual Tax: ($300,000 ÷ 100) × $0.69 = $2,070
  • Monthly Escrow: $172.50

Example 2: $600,000 Home with Homestead Credit

  • Assessed Value: $600,000
  • Homestead Credit Applied: Varies based on qualification (requires application)
  • Net Taxable Value: $600,000 (credit limits assessment increases, not current value)
  • Annual Tax: ($600,000 ÷ 100) × $0.69 = $4,140
  • Monthly Escrow: $345.00

Example 3: $1,000,000 Home

  • Assessed Value: $1,000,000
  • Tax Credits Applied: $0 (assuming no applications filed)
  • Net Taxable Value: $1,000,000
  • Annual Tax: ($1,000,000 ÷ 100) × $0.69 = $6,900
  • Monthly Escrow: $575.00

Note: All tax credits require separate applications and are not automatically applied. Contact the Commissioner of Revenue for available credits and application procedures.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Greene County require property tax escrow accounts for borrowers with less than 20% down payment or those who specifically request escrow services. With Greene County's semi-annual payment schedule (due June 5 and December 5), lenders typically collect 1/12th of the estimated annual property tax amount with each monthly mortgage payment, plus an initial escrow cushion at closing.

Lenders are responsible for making timely tax payments to Greene County on behalf of property owners and must provide annual escrow analysis statements showing payments made and projected escrow needs. Property owners should review these statements carefully and contact their lender immediately if there are discrepancies. When property values increase significantly, escrow shortages may occur, requiring either a lump sum payment or increased monthly escrow payments. Property owners can verify that their taxes have been paid by checking with the Greene County Treasurer's office or accessing online payment records through the county's website.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are Greene County property taxes due for 2025? A: Property taxes are due twice annually on June 5 and December 5. Late payments are subject to penalties and interest charges.

Q: What tax credits are available and do they require applications? A: Greene County offers a Homestead Tax Credit for qualifying senior citizens (65+), permanently disabled persons, or surviving spouses (59+). This credit requires annual application and is NOT automatically applied to your tax bill.

Q: How does the Homestead Credit work? A: The Homestead Credit limits the annual increase in assessed value for qualifying properties, rather than reducing the current market value. You must own and occupy the property as your primary residence and meet age or disability requirements. Applications must be filed annually - this benefit is not automatic.

Q: When are properties assessed and can I appeal? A: All properties are assessed annually as of January 1st by the Commissioner of Revenue. Property owners who disagree with their assessment can file an appeal with the local Board of Equalization during the designated appeal period.

Q: What are the penalties for late payment? A: Greene County imposes penalties and interest on late property tax payments. Contact the Treasurer's office at 40 Celt Road for specific penalty rates and payment arrangements.

Q: Can I pay my property taxes online? A: Contact Greene County directly for current online payment options and accepted payment methods. The county office can provide information about available electronic payment systems.

Q: Do special districts affect my tax rate? A: Yes, depending on your property's location within Greene County, you may be subject to additional special district assessments that increase your effective tax rate above the base $0.69 per $100 rate.

Q: I'm a first-time homebuyer - do I automatically get any tax breaks? A: No tax credits or exemptions are automatic in Greene County. You must research available programs and submit applications by the required deadlines. Contact the Commissioner of Revenue to learn about programs you may qualify for and application requirements.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
Tax Doc
NOTICE OF PROPOSED REAL PROPERTY TAX INCREASEgreenecountyva.gov
02
FY 2025 Advertised Budget Plangreenecountyva.gov
03
Tax Doc
Tax Ratesgreenecountyva.gov
04
Tax Doc
Tax Datesgreenecountyva.gov
05
Billsgreenecountyva.gov
06
Tax Doc
Financial Advantages & Taxesgreenecountyva.gov
07
Tax Doc
Taxesgreenecountyva.gov
08
Homestead Exemption Programgreenecountyohio.gov
09
Tax Doc
Tax Exemptions | Virginia Department of Veterans Servicesdvs.virginia.gov
10
First Quarter Financial Reportgreenecountyva.gov
All sources verified as of 2025 Tax Year

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