Arlington, Virginia Property Taxes
The median property tax rate in Arlington, VA is 1.23%, considerably higher than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Arlington at $946,300, the typical annual property tax bill reaches $11,639, exceeding the national median of $2,690. Property taxes in Arlington 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 Arlington'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 Arlington 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
Arlington, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$11,639
Ownwell’s Arlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arlington 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 Arlington, Virginia
Property taxes in Arlington, Virginia, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Arlington is 1.23%, significantly higher than the U.S. national median of 0.99%. Local government entities within Arlington set these rates annually, and they can vary notably across different neighborhoods. Each year, Arlington 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 Arlington's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22205 zip code has the highest median property tax rate of 1.23%, while the same 22205 zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Arlington provides valuable insights into the varying tax landscape across Arlington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arlington Tax Rate
1.23%
Average Falls Church County Tax Rate
1.23%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arlington, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22205 | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% |
| 22213 | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Arlington, Virginia
In Arlington, 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 Falls Church 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 Arlington, 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. For example, the zip code 22205 has the highest median tax bill at $12,234, while the zip code 22213 has the lowest median tax bill at $10,018. 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 Arlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arlington Assessed Value
$946,300
Average Falls Church County Assessed Value
$919,600
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arlington, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22205 | $338,390 | $766,825 | $994,650 | $1,079,250 | $1,167,640 |
| 22213 | $434,340 | $576,900 | $814,500 | $834,600 | $846,660 |
Source: Ownwell
Property Tax Bills Across Arlington, Virginia
In Arlington, VA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Arlington face varying tax bills depending on their property's assessed value and the specific tax rate applied to their area. For instance, the median home price in Arlington is $946,300. Homeowners in the 25th percentile of tax bills pay around $8,761 annually, while those in the 75th percentile pay about $13,221. The highest median tax bill in Arlington is in the 22205 zip code, amounting to $12,234, whereas the lowest is in the 22213 zip code at $10,018. These property tax bills significantly impact homeowners, influencing their overall housing costs and financial planning. Compared to the national median property tax rate of 0.99%, Arlington's property taxes can be considerably higher, reflecting the region's higher property values and the local government's funding needs.
Average Arlington Tax Bill
$11,639
Average Falls Church County Tax Bill
$11,348
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Arlington, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22205 | $4,162 | $9,432 | $12,234 | $13,275 | $14,362 |
| 22213 | $5,342 | $7,096 | $10,018 | $10,266 | $10,414 |
Source: Ownwell