Front Royal, Virginia Property Taxes
The median property tax rate in Front Royal, VA is 0.61%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Front Royal at $210,000, the typical annual property tax bill is $1,281, well below the national median of $2,690. Property taxes in Front Royal are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Front Royal'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 Front Royal or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Front Royal, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$1,281
Ownwell’s Front Royal Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Front Royal with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Front Royal 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 Front Royal, Virginia
Property taxes in Front Royal, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Front Royal is 0.61%, lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Front Royal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Front Royal 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 Front Royal's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22630 zip code has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Front Royal provides valuable insights into the varying tax landscape across Rappahannock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Front Royal Tax Rate
0.61%
Average Rappahannock County Tax Rate
0.61%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Front Royal, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22630 | 0.34% | 0.54% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Front Royal, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Front Royal, VA. 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 local 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 Front Royal, 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 Front Royal 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 are both $1281, found in the 22630 zip code.
Average Front Royal Assessed Value
$210,000
Average Rappahannock County Assessed Value
$307,100
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Front Royal, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22630 | $50,000 | $124,250 | $210,000 | $421,300 | $842,400 |
Source: Ownwell
Property Tax Bills Across Front Royal, Virginia
In Front Royal, VA, property tax bills are calculated based on the assessed value of a property. The local government assesses properties to determine their taxable value, which is then multiplied by the property tax rate to calculate the tax bill. For homeowners in Front Royal, the median home price is $210,000. Property tax bills can vary significantly, with the 25th percentile tax bill at $528 and the 75th percentile reaching $2,570. The highest median tax bill recorded in the area is $1,281. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Front Royal face tax bills that can have a substantial impact on their annual budget, especially when compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly, ensuring they can manage their financial responsibilities effectively.
Average Front Royal Tax Bill
$1,281
Average Rappahannock County Tax Bill
$1,730
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Front Royal, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22630 | $18 | $528 | $1,281 | $2,570 | $3,947 |
Source: Ownwell