Front Royal, Virginia Property Taxes
The median property tax rate in Front Royal, VA is 0.49%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Front Royal at $300,600, the typical annual property tax bill reaches $1,478, well below the national median of $2,690. Property taxes in Front Royal 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 Front Royal'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 Front Royal 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
Front Royal, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$1,473
Ownwell’s Front Royal Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Front Royal with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Front Royal 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 Front Royal, Virginia
Property taxes in Front Royal, Virginia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Front Royal is 0.49%, which is lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Front Royal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Front Royal 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 Front Royal's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 22630 has the highest median property tax rate of 0.49%, while the same zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Front Royal provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Front Royal Tax Rate
0.49%
Average Warren County Tax Rate
0.49%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Front Royal, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22630 | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Front Royal, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Front Royal, Virginia. 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 Warren 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 Front Royal, 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 Front Royal helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 22630 has both the highest and lowest median tax bill in the area, with a median tax bill of $1,478.
Average Front Royal Assessed Value
$300,600
Average Warren County Assessed Value
$306,900
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Front Royal, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22630 | $153,070 | $215,400 | $300,600 | $403,225 | $537,460 |
Source: Ownwell
Property Tax Bills Across Front Royal, Virginia
In Front Royal, located in Warren County, VA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Factors such as location, property size, and home improvements are considered during the assessment process. The median home price in Front Royal is $300,600, which influences the property tax bills homeowners receive. For instance, at the 25th percentile, homeowners can expect to pay around $1,057, whereas those at the 75th percentile pay approximately $1,986. At the 90th percentile, the tax bill can rise to $2,654. Comparatively, the highest and lowest median tax bills in the area are both $1,478, indicating a consistent tax rate across different parts of the city. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making them an essential part of community funding.
Average Front Royal Tax Bill
$1,478
Average Warren County Tax Bill
$1,507
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Front Royal, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22630 | $754 | $1,057 | $1,478 | $1,986 | $2,654 |
Source: Ownwell