Herndon, Virginia Property Taxes
The median property tax rate in Herndon, VA is 0.88%, slightly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Herndon at $562,915, the typical annual property tax bill reaches $5,037, significantly exceeding the national median of $2,690. Property taxes in Herndon 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 Herndon'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 Herndon or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Herndon, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$4,954
Ownwell’s Herndon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Herndon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Herndon 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 Herndon, Virginia
Property taxes in Herndon, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Herndon is 0.88%, lower than the U.S. national median of 0.99%. Local government entities within Herndon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Herndon 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 Herndon's effective property tax rate to other counties in Virginia and the national median. For comparison, the 20170 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 Herndon 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 Herndon 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 Herndon, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20170 | 0.88% | 0.88% | 0.88% | 0.88% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Herndon, Virginia
In Herndon, 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 Herndon, 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 Herndon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Herndon is $5,037 in the 20170 zip code, which also has the lowest median tax bill at $5,037.
Average Herndon Assessed Value
$562,915
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 Herndon, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20170 | $517,690 | $544,155 | $562,915 | $577,062 | $589,480 |
Source: Ownwell
Property Tax Bills Across Herndon, Virginia
In Herndon, located in Loudoun County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. This assessed value is then multiplied by the local property tax rate to derive the annual tax bill. The median home price in Herndon is $562,915, and the tax bills vary across different percentiles. For instance, the 25th percentile tax bill is $4,883, while the 75th percentile tax bill is $5,206. At the 90th percentile, homeowners can expect to pay around $5,283. Several factors influence the assessed value, including the home's size, age, location, and market conditions. Compared to the national median property tax rate of 0.99%, Herndon's property tax rate results in relatively high tax bills, reflecting the area's higher property values. This can significantly impact homeowners, especially those with homes in higher value brackets, as they face higher annual property tax obligations. Understanding these factors can help homeowners better anticipate their financial responsibilities.
Average Herndon Tax Bill
$5,037
Average Loudoun County Tax Bill
$5,811
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Herndon, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20170 | $4,788 | $4,883 | $5,037 | $5,206 | $5,283 |
Source: Ownwell