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with 83.5 percent followed by Warren (83.3 percent). Fauquier (81.3) and Culpeper (77.6). With a median ratio of 69.5 percent, Madison fell below the Virginia average but still ranked wav above Rappahannock's 4.4 percent.
Rappahannock was one of 16 localities in the state whose taxable wealth increased 20 percent or more between 1979 and 1980. It's increase — 25.2 percent — ranked ninth highest on that list. No other neighboring jurisdiction experienced an increase in taxable wealth of over 20 percent, according to the VEA report.
While the county's taxable wealth has mushroomed, it’s tax rate and median assessment ratio have shown a steady decline as illustrated on the chart below.
85.1%