White Post, Virginia Property Taxes
The median property tax rate in White Post, VA is 0.60%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in White Post, the typical annual property tax bill reaches $2,039, falling below the national median of $2,690. Property taxes in White Post 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 White Post'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 White Post 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
White Post, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$2,217
Ownwell’s White Post Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in White Post with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Post 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 White Post, Virginia
Property taxes in White Post, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in White Post is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within White Post set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Post 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 White Post's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22663 zip code has both the highest and lowest median property tax rate of 0.60%. Understanding how these areas compare with White Post provides valuable insights into the varying tax landscape across Clarke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average White Post Tax Rate
0.60%
Average Clarke County Tax Rate
0.60%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across White Post, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22663 | 0.52% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across White Post, Virginia
In White Post, 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 Clarke 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 White Post, 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 White Post helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In the 22663 zip code, the median tax bill is $2039, reflecting both the highest and lowest tax bills in the area. This knowledge is essential for homeowners aiming to understand and potentially reduce their property tax obligations.
Average White Post Assessed Value
$369,450
Average Clarke County Assessed Value
$342,200
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across White Post, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22663 | $148,500 | $217,700 | $369,450 | $560,000 | $1,030,300 |
Source: Ownwell
Property Tax Bills Across White Post, Virginia
In White Post, property tax bills are calculated based on the assessed value of a property, which is determined by the Clarke County assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in White Post, the median home price is $369,450, which provides a baseline for understanding potential tax obligations. Factors influencing the tax bill include property size, location, and any improvements made to the property. Homeowners in the 25th percentile can expect a tax bill around $1,300, while those in the 75th percentile might see bills as high as $3,096. For properties in the 90th percentile, tax bills can reach up to $4,891. The highest and lowest median tax bills in the area are both $2,039, reflecting a consistent tax rate across different zip codes. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average White Post Tax Bill
$2,039
Average Clarke County Tax Bill
$2,002
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across White Post, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22663 | $891 | $1,300 | $2,039 | $3,096 | $4,891 |
Source: Ownwell