Sterling, Virginia Property Taxes
The median property tax rate in Sterling, VA is 0.88%, slightly below the Virginia state median of 0.89% but still competitive compared to the national median of 0.99%. With a median home value of $530,540 in Sterling, the typical annual property tax bill amounts to $4,643, significantly higher than the national median of $2,690. Property taxes in Sterling are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sterling'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 Sterling 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
Sterling, Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,780
Ownwell’s Sterling Property Tax Bill Calculator aids homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Sterling with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sterling 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 Sterling, Virginia
Property taxes in Sterling, Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sterling is 0.88%, slightly below the U.S. national median of 0.99%. Local government entities within Sterling set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sterling 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 Sterling's effective property tax rate to other areas within Loudoun County and the national median. For comparison, the 20165 zip code has the highest median property tax rate of 0.88%, while the 20166 zip code has the lowest median tax rate of 0.88%. Understanding how these areas compare with Sterling 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 Sterling 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 Sterling, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20164 | 0.87% | 0.88% | 0.88% | 0.88% | 0.88% |
| 20165 | 0.87% | 0.88% | 0.88% | 0.88% | 0.88% |
| 20166 | 0.87% | 0.87% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Sterling, Virginia
In Sterling, 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 county 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 Sterling, 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. The median home price in Sterling is $530,540, with property tax bills ranging from $3,885 at the 25th percentile to $6,873 at the 90th percentile. The highest median tax bill is $5,439 in zip code 20165, while the lowest median tax bill is $4,287 in zip code 20164. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sterling Assessed Value
$530,540
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 Sterling, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20164 | $322,376 | $380,910 | $490,010 | $555,770 | $616,786 |
| 20165 | $394,800 | $508,560 | $621,640 | $759,870 | $835,218 |
| 20166 | $382,200 | $457,760 | $500,230 | $622,990 | $842,904 |
Source: Ownwell
Property Tax Bills Across Sterling, Virginia
Property tax bills in Sterling, located in Loudoun County, VA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is intended to reflect the property's fair market value. In Sterling, homeowners experience a range of property tax bills. For instance, at the 25th percentile, the tax bill is approximately $3,885, while at the 75th percentile, it rises to about $5,653. The 90th percentile sees tax bills around $6,873. Factors such as property location, size, and improvements can influence the assessed value, thereby affecting the tax bill. Comparing this to the national median property tax rate of 0.99%, Sterling's homeowners may find their tax bills relatively high, given the median home price of $530,540. The highest median tax bill in the area is $5,439 in the 20165 zip code, while the lowest is $4,287 in the 20164 zip code. These variations highlight the importance of understanding local property tax assessments for effective financial planning.
Average Sterling Tax Bill
$4,643
Average Loudoun County Tax Bill
$5,811
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Sterling, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20164 | $2,821 | $3,333 | $4,287 | $4,860 | $5,394 |
| 20165 | $3,454 | $4,450 | $5,439 | $6,648 | $7,309 |
| 20166 | $3,344 | $4,018 | $4,384 | $5,455 | $7,481 |
Source: Ownwell