Delaplane, Virginia Property Taxes
The median property tax rate in Delaplane, VA is 0.90%, slightly lower than the national median of 0.99% but just above the Virginia state median of 0.89%. With the median home value in Delaplane at $573,350, the typical annual property tax bill reaches $4,769, significantly exceeding the national median of $2,690. Property taxes in Delaplane are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Delaplane'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 Delaplane 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
Delaplane, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$5,160
Ownwell’s Delaplane Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delaplane with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delaplane 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 Delaplane, Virginia
Property taxes in Delaplane, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Delaplane is 0.90%, slightly lower than the U.S. national median of 0.99%. Local government entities within Delaplane set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delaplane 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 Delaplane's effective property tax rate to other counties in Virginia and the national median. For comparison, the 20144 zip code has the same median property tax rate of 0.90%. Understanding how these cities compare with Delaplane 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 Delaplane Tax Rate
0.90%
Average Fauquier County Tax Rate
0.91%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delaplane, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20144 | 0.20% | 0.69% | 0.90% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Delaplane, Virginia
In Delaplane, 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 Delaplane, 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. For instance, the highest median tax bill in Delaplane is $4,769 in the zip code 20144, while the lowest median tax bill is also $4,769 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Delaplane Assessed Value
$573,350
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 Delaplane, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20144 | $83,000 | $329,850 | $573,350 | $963,950 | $1,585,040 |
Source: Ownwell
Property Tax Bills Across Delaplane, Virginia
Property tax bills in Delaplane, located in Fauquier County, VA, are calculated based on the assessed value of the property combined with the local tax rate. The assessed value is determined by county assessors who evaluate the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. In Delaplane, homeowners typically see a range of property tax bills, with the 25th percentile at $2,340 and the 75th percentile reaching $7,210. Some homeowners, particularly those with higher-valued properties, may even see tax bills as high as $10,766, which is significantly above the national median property tax rate of 0.99%. The highest median tax bill in the area is $4,769, found in the zip code 20144. These factors collectively influence the financial responsibilities of homeowners, impacting their annual budgeting and long-term investment decisions.
Average Delaplane Tax Bill
$4,769
Average Fauquier County Tax Bill
$3,881
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Delaplane, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20144 | $56 | $2,340 | $4,769 | $7,210 | $10,766 |
Source: Ownwell