Stephens City, Virginia Property Taxes
The median property tax rate in Stephens City, VA is 0.51%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $304,500 in Stephens City, the typical annual property tax bill is $1,475, well below the national median of $2,690. Property taxes in Stephens City are calculated based on the assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stephens City'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 Stephens City or another part of Frederick County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stephens City, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$1,553
Ownwell’s Stephens City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stephens City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stephens City 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 Stephens City, Virginia
Property taxes in Stephens City, Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stephens City is 0.51%, significantly lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Stephens City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stephens City 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 Stephens City's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22655 zip code has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Stephens City provides valuable insights into the varying tax landscape across Frederick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stephens City Tax Rate
0.51%
Average Frederick County Tax Rate
0.51%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stephens City, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22655 | 0.26% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Stephens City, Virginia
In Stephens City, 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 Frederick 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 Stephens City, 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. Being aware of these valuation processes in Stephens City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 22655 has the highest and lowest median tax bill of $1,475.
Property Tax Assessment Values Across Stephens City, Virginia
Source: Ownwell
$216,300
$788,850
$1,361,400
Average Stephens City Assessed Value
$304,500
Average Frederick County Assessed Value
$318,600
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stephens City, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22655 | $163,900 | $231,700 | $304,500 | $393,500 | $476,150 |
Source: Ownwell
Property Tax Bills Across Stephens City, Virginia
In Stephens City, located in Frederick County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area is $304,500. Property taxes are then levied by applying the local tax rate to this assessed value. For example, homeowners in the 25th percentile pay around $1,022 annually, while those in the 75th percentile face tax bills of approximately $1,947. The highest median tax bill in the area is $1,475, which is consistent across zip code 22655. Several factors influence the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. These property taxes significantly impact homeowners by contributing to the overall cost of homeownership. Comparing this to the national median property tax rate of 0.99%, homeowners in Stephens City experience a relatively moderate tax burden, making it a potentially attractive location for prospective buyers balancing property costs and taxes.
Average Stephens City Tax Bill
$1,475
Average Frederick County Tax Bill
$1,559
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Stephens City, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22655 | $761 | $1,022 | $1,475 | $1,947 | $2,370 |
Source: Ownwell