Amissville, Virginia Property Taxes
The median property tax rate in Amissville, VA is 0.91%, slightly below the national median of 0.99% but higher than the Virginia state median of 0.89%. With the median home value in Amissville at $457,000, the typical annual property tax bill reaches $3,945, significantly surpassing the national median of $2,690. Property taxes in Amissville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Amissville'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 Amissville or another part of Fauquier County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Amissville, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$4,159
Ownwell’s Amissville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Amissville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amissville 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 Amissville, Virginia
Property taxes in Amissville, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Amissville is 0.91%, which is below both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Amissville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amissville 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 Amissville's effective property tax rate to other counties in Virginia and the national median. For comparison, the 20106 zip code has both the highest and lowest median property tax rate of 0.91%. Understanding how these cities compare with Amissville provides valuable insights into the varying tax landscape across Fauquier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amissville Tax Rate
0.91%
Average Fauquier County Tax Rate
0.91%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amissville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20106 | 0.18% | 0.90% | 0.91% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Amissville, Virginia
In Amissville, 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 Fauquier 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 Amissville, 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 Amissville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,945 in zip code 20106, highlighting a consistent tax landscape.
Average Amissville Assessed Value
$457,000
Average Fauquier County Assessed Value
$435,300
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amissville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20106 | $175,460 | $258,250 | $457,000 | $590,450 | $789,820 |
Source: Ownwell
Property Tax Bills Across Amissville, Virginia
In Amissville, located in Fauquier County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in this area is $457,000. Homeowners can expect property tax bills to vary significantly, with the 25th percentile at $1,800 and the 75th percentile reaching $4,989. At the 90th percentile, tax bills can soar to $6,844. These figures highlight the range of property tax liabilities residents might face, influenced by factors such as property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, Amissville's rates can result in a substantial financial commitment for homeowners. The highest and lowest median tax bills in the area both stand at $3,945, indicating a degree of consistency within specific zip codes. Understanding these tax calculations is crucial for homeowners as they directly impact annual financial planning and long-term investment in property.
Average Amissville Tax Bill
$3,945
Average Fauquier County Tax Bill
$3,881
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Amissville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20106 | $60 | $1,800 | $3,945 | $4,989 | $6,844 |
Source: Ownwell