Purcellville, Virginia Property Taxes
The median property tax rate in Purcellville, VA is 0.90%, slightly below the national median of 0.99% but just above the Virginia state median of 0.89%. With a median home value of $692,565 in Purcellville, the typical annual property tax bill amounts to $6,207, significantly surpassing the national median of $2,690. Property taxes in Purcellville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Purcellville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Purcellville or another part of Loudoun County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Purcellville, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$6,233
Ownwell’s Purcellville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Purcellville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Purcellville 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 Purcellville, Virginia
Property taxes in Purcellville, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Purcellville is 0.90%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Purcellville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Purcellville 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 Purcellville's effective property tax rate to other counties in Virginia and the national median. For comparison, the 20132 zip code has the highest median property tax rate of 0.90%, while the 20132 zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Purcellville 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 Purcellville Tax Rate
0.90%
Average Loudoun County Tax Rate
0.88%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Purcellville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20132 | 0.87% | 0.88% | 0.90% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Purcellville, Virginia
In Purcellville, 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 Assessor's Office 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 Purcellville, 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 Purcellville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 20132 has the highest and lowest median tax bill at $6,207.
Property Tax Assessment Values Across Purcellville, Virginia
Source: Ownwell
$444,410
$1,026,460
$1,608,510
Average Purcellville Assessed Value
$692,565
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 Purcellville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20132 | $474,230 | $577,930 | $692,565 | $912,628 | $1,171,692 |
Source: Ownwell
Property Tax Bills Across Purcellville, Virginia
In Purcellville, Loudoun 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. Factors such as the home’s location, size, and market conditions influence its assessed value, which may differ from the market value. Homeowners in Purcellville can expect a median home price of $692,565, with tax bills ranging from $5,181 at the 25th percentile to $9,980 at the 90th percentile. The median tax bill in this area is notably higher than the national median property tax rate of 0.99%. For instance, the highest median tax bill recorded in the 20132 zip code is $6,207. These property taxes significantly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated helps homeowners better manage their financial obligations and anticipate future expenses.
Average Purcellville Tax Bill
$6,207
Average Loudoun County Tax Bill
$5,811
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Purcellville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20132 | $4,235 | $5,181 | $6,207 | $7,812 | $9,980 |
Source: Ownwell