Fishersville, Virginia Property Taxes
The median property tax rate in Fishersville, VA is 0.63%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Fishersville at $242,800, the typical annual property tax bill amounts to $1,506, which is well below the national median of $2,690. Property taxes in Fishersville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fishersville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Fishersville or another part of Augusta County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fishersville, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,530
Ownwell’s Fishersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fishersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fishersville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Augusta County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Fishersville, Virginia
Property taxes in Fishersville, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fishersville is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Fishersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fishersville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Fishersville's effective property tax rate to other areas in Augusta County and the national median. For comparison, the zip code 22939 has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these areas compare with Fishersville provides valuable insights into the varying tax landscape across Augusta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fishersville Tax Rate
0.63%
Average Augusta County Tax Rate
0.63%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fishersville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22939 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Fishersville, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fishersville, Virginia. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Fishersville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, in Fishersville, the median home price is $242,800, with tax bills ranging from $1,179 at the 25th percentile to $2,389 at the 90th percentile. The zip code 22939 has the highest and lowest median tax bill of $1,506. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fishersville Assessed Value
$242,800
Average Augusta County Assessed Value
$204,500
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fishersville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22939 | $144,000 | $187,800 | $242,800 | $309,600 | $389,900 |
Source: Ownwell
Property Tax Bills Across Fishersville, Virginia
In Fishersville, located in Augusta County, VA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property’s market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For context, the national median property tax rate stands at 0.99%. Several factors influence the assessed value, including the property's size, location, and condition. In Fishersville, the median home price is $242,800, and tax bills can vary significantly. For example, homeowners might see tax bills around $1,179 at the 25th percentile, $1,934 at the 75th percentile, and up to $2,389 at the 90th percentile. The highest median tax bill in the area is reported to be $1,506 in zip code 22939. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners need to be aware of these factors as they can significantly affect their annual financial planning.
Average Fishersville Tax Bill
$1,506
Average Augusta County Tax Bill
$1,250
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Fishersville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22939 | $898 | $1,179 | $1,506 | $1,934 | $2,389 |
Source: Ownwell