The Plains, Virginia Property Taxes
The median property tax rate in The Plains, VA is 0.88%, slightly below the state median of 0.89% and the national median of 0.99%. With a median home value of $609,520, the typical annual property tax bill in The Plains reaches $5,333, significantly exceeding the national median of $2,690. Property taxes here are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding The Plains' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of The Plains or another part of Loudoun County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
The Plains, 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 THE PLAINS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in THE PLAINS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in THE PLAINS 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 The Plains, Virginia
Property taxes in The Plains, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in The Plains is 0.88%, lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within The Plains set these rates annually, and they can vary significantly across different neighborhoods. Each year, The Plains 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 The Plains' effective property tax rate to other counties in Virginia and the national median. For comparison, the 20198 zip code has both the highest and lowest median property tax rate of 0.88%. Understanding how these cities compare with The Plains 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 The Plains 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 The Plains, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20198 | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across The Plains, Virginia
In THE PLAINS, 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 THE PLAINS, 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 THE PLAINS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area, both at $5333, are found in zip code 20198.
Property Tax Assessment Values Across The Plains, Virginia
Source: Ownwell
$444,410
$1,026,460
$1,608,510
Average The Plains Assessed Value
$609,520
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 The Plains, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20198 | $535,416 | $563,205 | $609,520 | $685,140 | $730,512 |
Source: Ownwell
Property Tax Bills Across The Plains, Virginia
In The Plains, located in Loudoun County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. These assessors evaluate the market value of properties annually to ensure accurate assessments. The tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $609,520, homeowners can expect to pay a substantial amount in property taxes. Factors that influence the tax bill include the home's location, size, and condition. The tax bill can vary significantly, with the 25th percentile paying around $4,928 and the 75th percentile paying approximately $5,995. At the higher end, the 90th percentile sees tax bills of about $6,392. These property taxes contribute to local services such as schools, public safety, and infrastructure, impacting homeowners by ensuring community development and maintenance. Comparatively, the national median property tax rate is 0.99%, making Loudoun County's tax rates relatively competitive.
Average The Plains Tax Bill
$5,333
Average Loudoun County Tax Bill
$5,811
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across The Plains, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20198 | $4,685 | $4,928 | $5,333 | $5,995 | $6,392 |
Source: Ownwell