Woodbridge, Virginia Property Taxes
The median property tax rate in Woodbridge, VA is 1.04%, slightly higher than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Woodbridge at $406,000, the typical annual property tax bill reaches $4,196, significantly exceeding the national median of $2,690. Property taxes in Woodbridge are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Woodbridge'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 Woodbridge 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
Woodbridge, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$4,222
Ownwell’s Woodbridge Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Woodbridge with ease. Simply input your property's estimated assessed value, and the calculator uses the median tax rate in Woodbridge to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more granular insights, you can explore neighborhood-level trends further down the page. Your property’s assessed value, determined by Prince William County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Woodbridge, Virginia
Property taxes in Woodbridge, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodbridge is 1.04%, higher than the U.S. national median of 0.99%. Local government entities within Woodbridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodbridge 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 Woodbridge's effective property tax rate to other areas in Prince William County and the national median. For comparison, the 22192 zip code has the highest median property tax rate of 1.04%, while the 22191 zip code has the lowest median tax rate of 1.04%. Understanding how these areas compare with Woodbridge 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 Woodbridge 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 Woodbridge, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22191 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| 22192 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| 22193 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Woodbridge, Virginia
In Woodbridge, 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. 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 Woodbridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 22192 has the highest median tax bill in the area at $4,427, while the zip code 22191 has the lowest at $4,037.
Average Woodbridge Assessed Value
$406,000
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 Woodbridge, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22191 | $309,200 | $340,000 | $390,600 | $489,000 | $619,100 |
| 22192 | $288,000 | $355,875 | $428,900 | $562,325 | $660,000 |
| 22193 | $309,510 | $348,400 | $401,600 | $517,100 | $634,700 |
Source: Ownwell
Property Tax Bills Across Woodbridge, Virginia
In Woodbridge, VA, property tax bills are calculated based on the assessed value of a home, which is determined by Prince William County. The assessed value is a percentage of the market value, and this figure is then multiplied by the local property tax rate. Homeowners in Woodbridge experience varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $3,582, while the 75th percentile tax bill reaches $5,391. At the higher end, the 90th percentile tax bill can be as much as $6,575. Several factors influence these tax bills, including property size, location, and market conditions. The highest median tax bill in Woodbridge is found in the 22192 zip code at $4,427, while the lowest is in the 22191 zip code at $4,037. These figures are significant when compared to the national median property tax rate of 0.99%, highlighting the area's relatively higher property tax burden. Homeowners must account for these taxes as a critical component of their annual housing expenses.
Average Woodbridge Tax Bill
$4,196
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 Woodbridge, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22191 | $3,186 | $3,523 | $4,037 | $5,031 | $6,392 |
| 22192 | $2,908 | $3,673 | $4,427 | $5,800 | $6,798 |
| 22193 | $3,189 | $3,594 | $4,153 | $5,290 | $6,514 |
Source: Ownwell