How Property Tax Works
Waynesboro County, Virginia operates on a property tax system that serves as the primary funding source for essential local services including schools, public safety, infrastructure maintenance, and county operations. Property taxes are assessed based on the fair market value of real estate as determined by the county assessor's office, with annual assessments reflecting current market conditions.
The county's tax rate has shown variation over recent years, with the current FY 2024 rate set at 0.77% ($0.77 per $100 of assessed value). The FY 2025 tax rate has not yet been established, as rates are typically determined annually during the county's budget process in May. It's important to note that actual tax rates may vary by location within Waynesboro County due to special taxing districts, which can add additional assessments for specific services or improvements in designated areas.
Property owners should be aware that Virginia does not impose assessment caps, meaning property values can increase without limitation based on market conditions. However, various tax relief programs are available to eligible residents, though most require formal application and are not automatically applied.