Bealeton, Virginia Property Taxes
The median property tax rate in Bealeton, VA is 0.91%, slightly lower than the national median of 0.99% but higher than the Virginia state median of 0.89%. With the median home value in Bealeton at $364,900, the typical annual property tax bill reaches $3,284, surpassing the national median of $2,690. Property taxes in Bealeton 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 Bealeton'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 Bealeton 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
Bealeton, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$3,321
Ownwell’s Bealeton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Bealeton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bealeton to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value is the value assigned by Fauquier County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Bealeton, Virginia
Property taxes in Bealeton, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bealeton is 0.91%, which is below the U.S. national median of 0.99%. Local government entities within Bealeton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bealeton 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 Bealeton's effective property tax rate to other counties in Virginia and the national median. For comparison, the ZIP code 22712 has the highest median property tax rate of 0.91%, while the same ZIP code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Bealeton 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 Bealeton 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 Bealeton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22712 | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Bealeton, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bealeton, 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 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 Bealeton, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 22712 has both the highest and lowest median tax bill, valued at $3,284.
Average Bealeton Assessed Value
$364,900
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 Bealeton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22712 | $162,300 | $292,200 | $364,900 | $450,650 | $548,200 |
Source: Ownwell
Property Tax Bills Across Bealeton, Virginia
In Bealeton, located in Fauquier 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. For example, with a median home price of $364,900, the tax bill can range significantly. At the 25th percentile, homeowners might pay around $2,642, while those at the 75th percentile could see bills as high as $4,033. The highest median tax bill in the area is $3,284, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the home's size, location, and any improvements made to the property. These taxes fund essential local services such as schools, public safety, and infrastructure. For homeowners, understanding how these elements affect their tax bill is crucial for financial planning and property investment decisions. Comparing these local rates to national averages can provide valuable context and highlight the relative tax burden in Bealeton.
Average Bealeton Tax Bill
$3,284
Average Fauquier County Tax Bill
$3,881
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Bealeton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22712 | $1,479 | $2,642 | $3,284 | $4,033 | $4,817 |
Source: Ownwell