Chantilly, Virginia Property Taxes
The median property tax rate in Chantilly, VA is 0.88%, slightly lower than the Virginia state median of 0.89% but still competitive compared to the national median of 0.99%. With a median home value of $730,325 in Chantilly, the typical annual property tax bill reaches $6,388, significantly surpassing the national median of $2,690. Property taxes in Chantilly are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Chantilly's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you reside in the heart of Chantilly or another part of Loudoun County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Chantilly, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$6,427
Ownwell’s Chantilly Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Chantilly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chantilly 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 Chantilly, Virginia
Property taxes in Chantilly, Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chantilly is 0.88%, slightly lower than the U.S. national median of 0.99%. Local government entities within Chantilly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chantilly 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 Chantilly's effective property tax rate to other counties in Virginia and the national median. For comparison, the 20152 zip code has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Chantilly provides valuable insights into the varying tax landscape across Loudoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chantilly Tax Rate
0.88%
Average Loudoun County Tax Rate
0.88%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chantilly, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20152 | 0.87% | 0.88% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Chantilly, Virginia
In Chantilly, 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 Loudoun 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 Chantilly, 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 Chantilly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Chantilly are both $6,388, found in the 20152 zip code.
Property Tax Assessment Values Across Chantilly, Virginia
Source: Ownwell
$444,410
$1,026,460
$1,608,510
Average Chantilly Assessed Value
$730,325
Average Loudoun County Assessed Value
$662,650
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chantilly, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20152 | $444,800 | $539,532 | $730,325 | $917,988 | $1,106,708 |
Source: Ownwell
Property Tax Bills Across Chantilly, Virginia
In Chantilly, located in Loudoun County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value reflects the market value of the property and is a crucial factor in determining the tax bill. The median home price in Chantilly is $730,325, which significantly influences the tax amounts. Homeowners in Chantilly can expect their property tax bills to vary. The 25th percentile tax bill is around $4,720, while the 75th percentile tax bill reaches approximately $8,030. For those in the 90th percentile, tax bills can be as high as $9,676. Comparatively, the national median property tax rate is 0.99%, making Chantilly's property tax rates relatively higher, impacting homeowners' annual expenses. These property taxes fund essential local services such as public schools, infrastructure, and emergency services, directly affecting the community's quality of life. Therefore, understanding how property tax bills are calculated can help homeowners better manage their finances and plan for future expenses.
Average Chantilly Tax Bill
$6,388
Average Loudoun County Tax Bill
$5,811
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Chantilly, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20152 | $3,892 | $4,720 | $6,388 | $8,030 | $9,676 |
Source: Ownwell