Nokesville, Virginia Property Taxes
The median property tax rate in Nokesville, VA is 1.04%, slightly higher than both the national median of 0.99% and Virginia's state median of 0.89%. With the median home value in Nokesville at $599,400, the typical annual property tax bill reaches $5,926, significantly exceeding the national median of $2,690. Property taxes in Nokesville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Nokesville'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 Nokesville 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
Nokesville, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$6,234
Ownwell’s Nokesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nokesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nokesville 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 Nokesville, Virginia
Property taxes in Nokesville, VA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nokesville is 1.04%, higher than the U.S. national median of 0.99%. Local government entities within Nokesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nokesville 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 Nokesville's effective property tax rate to other areas in Prince William County and the national median. For comparison, the zip code 20181 has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these areas compare with Nokesville 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 Nokesville 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 Nokesville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20181 | 0.92% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Nokesville, Virginia
In Nokesville, 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 Nokesville, 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. The median home price in Nokesville is $599,400, with tax bills ranging from $4,379 at the 25th percentile to $9,963 at the 90th percentile. The highest and lowest median tax bills are both $5,926 in the 20181 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Nokesville Assessed Value
$599,400
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 Nokesville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20181 | $352,040 | $449,200 | $599,400 | $809,850 | $1,008,420 |
Source: Ownwell
Property Tax Bills Across Nokesville, Virginia
In Nokesville, located in Prince William County, VA, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is determined by the county's tax assessor and is meant to reflect the market value of the property. Homeowners in Nokesville experience a range of property tax bills, with the 25th percentile paying around $4,379 annually and the 75th percentile facing bills up to $8,001. For those at the 90th percentile, tax bills can reach as high as $9,963. The median home price in Nokesville stands at $599,400, and the property tax rate in the area is influenced by various factors including local budget requirements and public services funding. Comparatively, the national median property tax rate is 0.99%. These property taxes significantly impact homeowners by influencing their overall housing costs and potentially affecting their long-term financial planning. Given these variables, understanding how property taxes are calculated can help homeowners manage their expenses more effectively.
Average Nokesville Tax Bill
$5,926
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 Nokesville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20181 | $3,184 | $4,379 | $5,926 | $8,001 | $9,963 |
Source: Ownwell