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Get the Luray, VA local weather forecast by the hour and the next 10 days.
The rollback was already factored into this year’s budget, and the millage rate went down from 53.9 for the 2023 budget to 51.7 for the 2024 budget.
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The word tax assessment is used in different ways, but often refers to a tax liability owed by a taxpayer. In the case of property, a tax assessment is an evaluation or an estimate of value that is typically performed by a tax assessor. The assessment leads to an "assessed value," which is a base number used in the calculation of the property tax.
The property tax most citizens are aware of is known as an ad valorem tax. This tax is used to fund general or day-to-day government operations. An ad valorem tax is commonly levied on both real and personal property. A property tax is based upon a property's market value.
This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.
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Page County is located in the Commonwealth of Virginia.As of the 2020 census, the population was 23,709. [1] Its county seat is Luray. [2] Page County was formed in 1831 from Shenandoah and Rockingham counties and was named for John Page, Governor of Virginia from 1802 to 1805.