Falls Church, Virginia Property Taxes
The median property tax rate in Falls Church, VA is 1.18%, considerably higher than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Falls Church at $612,820, the typical annual property tax bill reaches $7,319, significantly exceeding the national median of $2,690. Property taxes in Falls Church are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence exemption. Understanding Falls Church'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 Falls Church 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
Falls Church, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$7,231
Ownwell’s Falls Church Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Falls Church with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Falls Church 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 Falls Church, Virginia
Property taxes in Falls Church, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Falls Church is 1.18%, higher than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Falls Church set these rates annually, and they can vary significantly across different neighborhoods. Each year, Falls Church 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 Falls Church's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22116 zip code has the highest median property tax rate of 1.26%, while the 22041 zip code has the lowest median tax rate of 1.14%. Understanding how these cities compare with Falls Church 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 Falls Church Tax Rate
1.18%
Average Fairfax County Tax Rate
1.14%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Falls Church, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22041 | 1.14% | 1.14% | 1.14% | 1.23% | 1.26% |
| 22042 | 1.14% | 1.16% | 1.22% | 1.23% | 1.25% |
| 22043 | 1.14% | 1.14% | 1.14% | 1.20% | 1.22% |
| 22044 | 1.14% | 1.14% | 1.16% | 1.22% | 1.30% |
| 22046 | 1.14% | 1.16% | 1.19% | 1.22% | 1.23% |
| 22116 | 1.26% | 1.26% | 1.26% | 1.26% | 1.26% |
| 22124 | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Falls Church, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Falls Church, VA. 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. 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 Falls Church helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $8,985 in the 22046 zip code, while the lowest is $2,412 in the 22124 zip code.
Property Tax Assessment Values Across Falls Church, Virginia
Source: Ownwell
$26,110
$12,068,795
$24,111,480
Average Falls Church Assessed Value
$612,820
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 Falls Church, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22041 | $210,748 | $249,040 | $362,520 | $633,015 | $891,682 |
| 22042 | $291,950 | $466,148 | $600,875 | $697,372 | $806,070 |
| 22043 | $273,810 | $553,475 | $717,690 | $930,295 | $1,281,510 |
| 22044 | $160,650 | $189,150 | $599,730 | $812,450 | $995,600 |
| 22046 | $213,410 | $371,700 | $739,445 | $885,930 | $1,258,945 |
| 22116 | $453,540 | $453,540 | $453,540 | $453,540 | $453,540 |
| 22124 | $202,620 | $202,620 | $202,620 | $202,620 | $202,620 |
Source: Ownwell
Property Tax Bills Across Falls Church, Virginia
In Falls Church, Fairfax County, VA, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value, which is typically lower than the market value. Homeowners in Falls Church face varying tax bills depending on their property’s value and specific zip code. For instance, properties in the zip code 22046 have the highest median tax bill at $8,985, while those in 22124 have the lowest at $2,412. The tax bills can range significantly, with the 25th percentile at $3,889 and the 75th percentile reaching $9,303. At the 90th percentile, homeowners might see tax bills as high as $12,132. These property taxes fund essential local services, including schools, public safety, and infrastructure, directly impacting the quality of life and community resources available to residents.
Average Falls Church Tax Bill
$7,319
Average Fairfax County Tax Bill
$7,154
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Falls Church, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22041 | $2,385 | $2,797 | $4,141 | $7,676 | $11,458 |
| 22042 | $2,965 | $5,470 | $7,315 | $8,503 | $9,762 |
| 22043 | $3,040 | $6,254 | $8,410 | $11,145 | $14,903 |
| 22044 | $1,849 | $2,186 | $7,164 | $9,923 | $12,675 |
| 22046 | $2,431 | $4,314 | $8,985 | $10,623 | $14,910 |
| 22116 | $5,716 | $5,716 | $5,716 | $5,716 | $5,716 |
| 22124 | $2,412 | $2,412 | $2,412 | $2,412 | $2,412 |
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. | |