Annandale, Virginia Property Taxes
The median property tax rate in Annandale, VA is 1.14%, considerably higher than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Annandale at $623,475, the typical annual property tax bill reaches $7,300, exceeding the national median of $2,690. Property taxes in Annandale 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 Annandale'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 Annandale 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
Annandale, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$7,108
Ownwell’s Annandale Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Annandale. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Annandale to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more granular details, additional localized information is available below. Your property’s assessed value, determined by Fairfax County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Annandale, Virginia
Property taxes in Annandale, Virginia, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Annandale is 1.14%, which is higher than the U.S. national median of 0.99%. Local government entities within Annandale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Annandale 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 Annandale's effective property tax rate to other areas in Fairfax County and the national median. For comparison, the zip code 22003 has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these areas compare with Annandale provides valuable insights into the varying tax landscape across Fairfax County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Annandale Tax Rate
1.14%
Average Fairfax County Tax Rate
1.14%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Annandale, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22003 | 1.14% | 1.14% | 1.14% | 1.14% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Annandale, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Annandale, 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 Fairfax 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 Annandale, 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 Annandale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Annandale are both $7,300 in zip code 22003.
Property Tax Assessment Values Across Annandale, Virginia
Source: Ownwell
$26,110
$12,068,795
$24,111,480
Average Annandale Assessed Value
$623,475
Average Fairfax County Assessed Value
$616,950
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Annandale, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22003 | $209,450 | $474,110 | $623,475 | $732,228 | $822,281 |
Source: Ownwell
Property Tax Bills Across Annandale, Virginia
In Annandale, Fairfax 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's property appraiser, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $623,475, homeowners can expect tax bills that typically fall between $5,439 at the 25th percentile and $9,523 at the 90th percentile. Several factors influence the assessed value, including the property's location, size, and condition, as well as recent sales of comparable properties in the area. These property taxes fund essential community services such as schools, public safety, and infrastructure maintenance. Homeowners in Annandale should be aware that their property tax bills can significantly impact their annual housing costs, making it crucial to stay informed about any changes in property assessments or tax rates.
Average Annandale Tax Bill
$7,300
Average Fairfax County Tax Bill
$7,154
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Annandale, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22003 | $2,395 | $5,439 | $7,300 | $8,484 | $9,523 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | June 6 |
| Due Date #2 | December 5 |
Links | |
|---|---|
| Fairfax Tax Assessor | |
| realestateoffice@fairfaxva.gov. | |