Quantico, Virginia Property Taxes
The median property tax rate in Quantico, VA is 0.97%, slightly lower than the national median of 0.99% but higher than the Virginia state median of 0.89%. With the median home value in Quantico at $231,600, the typical annual property tax bill is approximately $2,233, which is below the national median of $2,690. Property taxes in Quantico are determined based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Quantico'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 Quantico or another part of Prince William County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Quantico, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$2,247
Ownwell’s Quantico Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quantico with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quantico 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 Quantico, Virginia
Property taxes in Quantico, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quantico is 0.97%, which is slightly below the U.S. national median of 0.99%. Local government entities within Quantico set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quantico 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 Quantico's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 22134 has both the highest and lowest median property tax rate of 0.97%. Understanding how these cities compare with Quantico provides valuable insights into the varying tax landscape across Prince William County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Quantico Tax Rate
0.97%
Average Prince William County Tax Rate
1.04%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quantico, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22134 | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Quantico, Virginia
In Quantico, 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 Prince William 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 Quantico, 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 Quantico helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Quantico is $231,600, with the highest and lowest median tax bills both recorded at $2,233 in the 22134 zip code.
Average Quantico Assessed Value
$231,600
Average Prince William County Assessed Value
$464,800
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Quantico, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22134 | $149,940 | $179,300 | $231,600 | $298,000 | $364,940 |
Source: Ownwell
Property Tax Bills Across Quantico, Virginia
In Quantico, located in Prince William County, VA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county's appraisal district and reflects the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and any improvements made to the home. For example, the median home price in Quantico is $231,600, and tax bills can vary significantly. Homeowners in the 25th percentile pay around $1,729, while those in the 75th percentile face bills of about $2,772. At the 90th percentile, tax bills can reach up to $3,427. Compared to the national median property tax rate of 0.99%, Quantico's tax rates indicate a significant financial consideration for homeowners, impacting their annual budgeting and long-term financial planning.
Average Quantico Tax Bill
$2,233
Average Prince William County Tax Bill
$4,796
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Quantico, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22134 | $1,440 | $1,729 | $2,233 | $2,772 | $3,427 |
Source: Ownwell