Upperville, Virginia Property Taxes
The median property tax rate in Upperville, VA is 0.66%, which is notably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $1,608,510, the typical annual property tax bill in Upperville reaches $9,286, significantly exceeding the national median of $2,690. Property taxes in Upperville are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Upperville'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 Upperville 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
Upperville, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$10,616
Ownwell’s Upperville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Upperville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Upperville 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 Upperville, Virginia
Property taxes in Upperville, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Upperville is 0.66%, which is lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Upperville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Upperville 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 Upperville's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 20184 has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these figures compare with Upperville 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 Upperville Tax Rate
0.66%
Average Loudoun County Tax Rate
0.88%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Upperville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20184 | 0.28% | 0.47% | 0.66% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Upperville, Virginia
In Upperville, 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 Upperville, 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 Upperville 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 region are both $9,286, found in the 20184 zip code.
Property Tax Assessment Values Across Upperville, Virginia
Source: Ownwell
$444,410
$1,026,460
$1,608,510
Average Upperville Assessed Value
$1,608,510
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 Upperville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20184 | $406,226 | $808,255 | $1,608,510 | $2,860,220 | $4,910,602 |
Source: Ownwell
Property Tax Bills Across Upperville, Virginia
In Upperville, located in Loudoun County, VA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the tax bill include the home's location, size, and market conditions. In Upperville, the median home price stands at $1,608,510, which significantly impacts the tax bill. Homeowners in this area can expect a wide range of tax bills, from the 25th percentile at $5,007 to the 90th percentile reaching $20,895. These tax bills can have a substantial effect on homeowners, influencing monthly mortgage payments and overall housing affordability. Comparatively, the national median property tax rate is 0.99%, and Upperville's tax rates reflect the region's higher property values, resulting in higher tax bills for residents.
Average Upperville Tax Bill
$9,286
Average Loudoun County Tax Bill
$5,811
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Upperville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20184 | $2,876 | $5,007 | $9,286 | $15,137 | $20,895 |
Source: Ownwell