Burke, Virginia Property Taxes
The median property tax rate in Burke, VA is 1.14%, considerably higher than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Burke at $574,900, the typical annual property tax bill reaches $6,556, exceeding the national median of $2,690. Property taxes in Burke are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Burke'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 Burke or another part of Fairfax County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burke, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$6,554
Ownwell’s Burke Property Tax Bill Calculator assists any homeowner, real estate investor, or potential owner in estimating their annual property taxes in Burke with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burke 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Burke, Virginia
Property taxes in Burke, Virginia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Burke is 1.14%, which is higher than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Burke set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burke 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 Burke's effective property tax rate to other areas in Virginia and the national median. For comparison, the zip code 22015 has the highest median property tax rate of 1.14%, while the zip code 20190 has the lowest median tax rate of 1.14%. Understanding how these areas compare with Burke provides valuable insights into the varying tax landscape across Fairfax County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burke Tax Rate
1.14%
Average Fairfax County Tax Rate
1.14%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burke, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20190 | 1.14% | 1.14% | 1.14% | 1.14% | 1.14% |
| 22015 | 1.14% | 1.14% | 1.14% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Burke, Virginia
In Burke, Virginia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 by the Fairfax County Appraisal District 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 Burke, 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 example, Burke's highest median tax bill is $6,557 in zip code 22015, while the lowest is $5,902 in zip code 20190. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Burke Assessed Value
$574,900
Average Fairfax County Assessed Value
$616,950
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burke, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20190 | $516,100 | $516,100 | $516,100 | $516,100 | $516,100 |
| 22015 | $384,480 | $463,462 | $575,055 | $715,598 | $777,655 |
Source: Ownwell
Property Tax Bills Across Burke, Virginia
In Burke, VA, property tax bills are calculated based on the assessed value of a home, which is determined by Fairfax County. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. For instance, with a median home price of $574,900, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $5,285, while at the higher end, the 75th percentile reaches approximately $8,220. The 90th percentile tax bill is even higher, at $8,934. Several factors influence these variations, including property location, home size, and any applicable exemptions. Notably, the highest median tax bill in the area is $6,557 in zip code 22015, while the lowest is $5,902 in zip code 20190. Compared to the national median property tax rate of 0.99%, Burke's tax rates can impact homeowners significantly, making it essential for them to understand how these assessments and rates affect their annual financial obligations.
Average Burke Tax Bill
$6,556
Average Fairfax County Tax Bill
$7,154
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Burke, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20190 | $5,902 | $5,902 | $5,902 | $5,902 | $5,902 |
| 22015 | $4,357 | $5,285 | $6,557 | $8,220 | $8,934 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | June 6 |
| Due Date #2 | December 5 |
Links | |
|---|---|
| Fairfax Tax Assessor | |
| realestateoffice@fairfaxva.gov. | |