Aldie, Virginia Property Taxes
The median property tax rate in Aldie, VA is 0.88%, slightly below the Virginia state median of 0.89% but still lower than the national median of 0.99%. With the median home value in Aldie at $881,250, the typical annual property tax bill reaches $7,696, significantly higher than the national median of $2,690. Property taxes in Aldie 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 Aldie'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 Aldie or another part of Loudoun County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aldie, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$7,755
Ownwell’s Aldie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aldie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aldie 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 Aldie, Virginia
Property taxes in Aldie, Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aldie is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Aldie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aldie 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 Aldie's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 20105 has both the highest and lowest median property tax rate of 0.88%. Understanding how these cities compare with Aldie provides valuable insights into the varying tax landscape across Loudoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aldie Tax Rate
0.88%
Average Loudoun County Tax Rate
0.88%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aldie, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20105 | 0.87% | 0.87% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Aldie, Virginia
In Aldie, 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 Loudoun 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 Aldie, 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 Aldie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 20105 has the highest median tax bill at $7,696, which is significantly above the national median property tax rate of 0.99%.
Average Aldie Assessed Value
$881,250
Average Loudoun County Assessed Value
$662,650
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aldie, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20105 | $415,480 | $581,050 | $881,250 | $1,112,648 | $1,317,629 |
Source: Ownwell
Property Tax Bills Across Aldie, Virginia
In Aldie, located in Loudoun County, VA, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the property's location, size, and market conditions are considered during the assessment process. For homeowners in Aldie, the median home price is $881,250, leading to significant property tax bills. The tax bill at the 25th percentile is $5,100, while at the 75th percentile, it reaches $9,686. At the 90th percentile, homeowners can expect a bill of $11,434. These figures are notably higher than the national median property tax rate of 0.99%. High property taxes can impact homeowners by increasing the overall cost of owning a home, potentially influencing decisions related to buying, selling, or investing in property within the area.
Average Aldie Tax Bill
$7,696
Average Loudoun County Tax Bill
$5,811
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Aldie, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20105 | $3,649 | $5,100 | $7,696 | $9,686 | $11,434 |
Source: Ownwell