Albemarle County, Virginia Property Taxes

Name: Property Tax Bills Across Albemarle County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Albemarle County effective property tax rate: 0.85%, significantly lower than the national median of 1.02%.
Median Albemarle County home value: $433,600
Median annual Albemarle County tax bill: $3,602, $1,202 higher than the national median property tax bill of $2,400.

How are property taxes in Albemarle County calculated?

Property taxes in Albemarle County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Charlottesville or another part of Albemarle County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Albemarle County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$3,686

$3,420

Ownwell’s Albemarle County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Albemarle County with just two data points. By entering your property's estimated assessed value, our calculator applies Albemarle County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Albemarle County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Albemarle County, Virginia

Local government entities set tax rates, which can vary widely within a state. Each year, counties calculate their necessary budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This process determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual procedure in a nutshell.

Albemarle County's effective property tax rate can be compared to other counties in Virginia or the U.S. median property tax rate. With the national median property tax rate at 1.02%, Albemarle County's rate is relatively competitive within the state. This provides residents with an opportunity to benefit from lower property tax rates compared to the national average, potentially leading to savings on their annual property tax bills. Understanding these rates and how they compare can help property owners make informed decisions about their real estate investments and financial planning.

Property Tax Rates Across Albemarle County, Virginia

Source: Ownwell

0.85%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Albemarle County Tax Rate

0.85%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Albemarle County, Virginia

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Afton	0.43%	0.76%	0.85%	0.85%	0.85%
Barboursville	0.43%	0.85%	0.85%	0.85%	0.85%
Charlottesville	0.85%	0.85%	0.85%	0.85%	0.85%
Covesville	0.43%	0.85%	0.85%	0.85%	0.85%
Crozet	0.77%	0.85%	0.85%	0.85%	0.85%
Dyke	0.43%	0.70%	0.85%	0.85%	0.85%
Earlysville	0.71%	0.85%	0.85%	0.85%	0.85%
Esmont	0.49%	0.85%	0.85%	0.85%	0.85%
Faber	0.43%	0.66%	0.85%	0.85%	0.85%
Free Union	0.43%	0.61%	0.85%	0.85%	0.85%
Gordonsville	0.43%	0.69%	0.85%	0.85%	0.85%
Greenwood	0.46%	0.85%	0.85%	0.85%	0.85%
Howardsville	0.55%	0.85%	0.85%	0.85%	0.85%
Keene	0.85%	0.85%	0.85%	0.85%	0.85%
Keswick	0.80%	0.85%	0.85%	0.85%	0.85%
North Garden	0.50%	0.85%	0.85%	0.85%	0.85%
Ruckersville	0.85%	0.85%	0.85%	0.85%	0.85%
Schuyler	0.43%	0.85%	0.85%	0.85%	0.85%
Scottsville	0.43%	0.85%	0.85%	0.85%	0.85%
Troy	0.73%	0.85%	0.85%	0.85%	0.85%

Source: Ownwell

Property Tax Assessment Values Across Albemarle County, Virginia

When examining property taxes in Albemarle County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Albemarle County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Albemarle County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Albemarle County. For example, the median tax bill in Albemarle County is $3,857, with tax bills ranging significantly across the county. Keswick has the highest median home price at $688,700.

Property Tax Assessment Values Across Albemarle County, Virginia

Source: Ownwell

$196,950

$442,825

$688,700

Median Albemarle County Market Value

$433,600

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Albemarle County, Virginia

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Afton	$152,160	$249,300	$421,100	$665,300	$1,160,740
Barboursville	$189,250	$302,450	$425,150	$630,450	$868,350
Charlottesville	$200,050	$303,600	$426,900	$604,600	$966,900
Covesville	$105,780	$174,400	$276,100	$405,300	$672,700
Crozet	$247,140	$349,400	$498,100	$696,750	$894,630
Dyke	$119,560	$185,100	$310,400	$533,700	$847,900
Earlysville	$286,000	$367,000	$492,500	$723,500	$996,180
Esmont	$77,830	$123,275	$196,950	$310,425	$589,400
Faber	$114,900	$161,150	$279,950	$440,950	$836,650
Free Union	$240,800	$356,800	$581,100	$1,016,000	$1,801,960
Gordonsville	$158,700	$227,300	$397,400	$876,650	$1,723,260
Greenwood	$142,980	$253,250	$405,750	$762,025	$1,360,500
Howardsville	$165,440	$308,100	$337,300	$505,000	$768,080
Keene	$148,500	$183,500	$262,400	$372,000	$506,000
Keswick	$264,400	$421,750	$688,700	$929,650	$1,294,100
North Garden	$133,700	$211,900	$366,700	$641,200	$1,249,800
Ruckersville	$315,640	$406,300	$532,000	$666,925	$825,390
Schuyler	$98,870	$165,275	$225,800	$373,700	$539,310
Scottsville	$135,720	$207,000	$287,500	$427,400	$673,520
Troy	$274,160	$321,000	$435,300	$704,000	$1,420,900

Source: Ownwell

Property Tax Bills Across Albemarle County, Virginia

In Albemarle County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Homeowners in Albemarle County experience a range of tax bills, reflecting the diversity in property values. For instance, the tax bill at the 25th percentile is $2,441, while at the 75th percentile, it rises to $5,273. At the 90th percentile, homeowners may see tax bills as high as $7,936. The highest median tax bill in the county is found in Keswick, at $5,642, whereas Esmont has the lowest median tax bill at $1,675. These figures highlight the significant variation in property tax bills within the county, which can impact homeowners' financial planning. Compared to the national median property tax bill of $2,400, Albemarle County's range of tax bills indicates both higher and lower tax burdens, depending on the specific locality and property value.

Property Tax Bills Across Albemarle County, Virginia

Source: Ownwell

$1,675

$3,659

$5,642

Median Albemarle County Tax Bill

$3,602

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Albemarle County, Virginia

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Afton	$1,068	$1,885	$3,319	$5,141	$8,501
Barboursville	$1,360	$2,372	$3,355	$4,975	$7,032
Charlottesville	$1,601	$2,508	$3,587	$5,058	$7,916
Covesville	$856	$1,467	$2,068	$2,849	$4,481
Crozet	$1,973	$2,825	$4,110	$5,731	$7,370
Dyke	$833	$1,324	$2,266	$3,758	$6,452
Earlysville	$2,216	$3,066	$4,062	$5,925	$7,905
Esmont	$539	$1,002	$1,675	$2,575	$4,086
Faber	$745	$981	$2,171	$3,129	$4,632
Free Union	$1,639	$2,546	$3,996	$7,343	$11,322
Gordonsville	$1,195	$1,818	$3,055	$5,818	$11,730
Greenwood	$1,072	$2,060	$3,357	$5,713	$11,695
Howardsville	$1,310	$1,758	$2,840	$3,880	$6,559
Keene	$875	$1,491	$2,197	$3,087	$4,298
Keswick	$2,100	$3,483	$5,642	$7,782	$10,365
North Garden	$1,015	$1,674	$2,936	$4,771	$9,235
Ruckersville	$2,349	$3,262	$4,426	$5,512	$6,969
Schuyler	$716	$1,336	$1,868	$2,910	$4,197
Scottsville	$1,053	$1,647	$2,321	$3,372	$5,042
Troy	$2,340	$2,726	$3,565	$5,889	$9,986

Source: Ownwell