Bristow, Virginia Property Taxes
The median property tax rate in Bristow, VA is 1.04%, higher than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $589,800 in Bristow, the typical annual property tax bill reaches $6,117, significantly exceeding the national median of $2,690. Property taxes in Bristow are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bristow's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bristow or another part of Prince William County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bristow, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$6,134
Ownwell’s Bristow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bristow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bristow 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 Bristow, Virginia
Property taxes in Bristow, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bristow is 1.04%, higher than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Bristow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bristow 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 Bristow's effective property tax rate to other counties in Virginia and the national median. For comparison, the 20136 zip code has the highest median property tax rate of 1.04%, while the 20136 zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Bristow provides valuable insights into the varying tax landscape across Prince William County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bristow Tax Rate
1.04%
Average Prince William County Tax Rate
1.04%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bristow, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20136 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Bristow, Virginia
In Bristow, 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 Prince William 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 Bristow, 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 Bristow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bristow is $589,800, with tax bills ranging from $4,757 at the 25th percentile to $7,425 at the 90th percentile. The zip code 20136 has both the highest and lowest median tax bill at $6,117.
Average Bristow Assessed Value
$589,800
Average Prince William County Assessed Value
$464,800
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bristow, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20136 | $405,900 | $460,000 | $589,800 | $662,800 | $714,760 |
Source: Ownwell
Property Tax Bills Across Bristow, Virginia
In Bristow, Prince William County, VA, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Bristow experience a median home price of $589,800. The tax rate is applied to this assessed value to calculate the annual tax bill. For instance, homeowners at the 25th percentile face a tax bill of approximately $4,757, while those at the 75th percentile pay around $6,885. At the 90th percentile, the tax bill can reach up to $7,425. The highest median tax bill in Bristow is $6,117, which is significantly higher than the national median property tax rate of 0.99%. 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 consider these costs when budgeting for homeownership in Bristow.
Average Bristow Tax Bill
$6,117
Average Prince William County Tax Bill
$4,796
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Bristow, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20136 | $4,205 | $4,757 | $6,117 | $6,885 | $7,425 |
Source: Ownwell