Albemarle County, Virginia Property Taxes
The median property tax rate in Albemarle County is 0.85%, which is lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Albemarle County at $433,600, the typical annual property tax bill reaches $3,602, which is higher than the national median of $2,690. Property taxes in Albemarle County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Albemarle County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Charlottesville or another part of Albemarle County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Albemarle County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$3,686
$3,420
Ownwell’s Albemarle Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Albemarle with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Albemarle to provide an estimate of your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to more localized informational pages. Your property assessed value is the value assigned to your property by your county for property tax calculations, taking into account any exemptions you may have on your property.
Property Tax Rates Across Albemarle County, Virginia
Property taxes in Albemarle County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Albemarle County is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Albemarle County set these rates annually, and they can vary significantly between different areas within the county. Each year, Albemarle County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Albemarle County's effective property tax rate with other regions in Virginia and the national median. For comparison, the city of Charlottesville has one of the higher property tax rates in Virginia at 0.85%, while the city of Schuyler boasts one of the lowest at 0.85%. Analyzing how Albemarle County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Albemarle County Tax Rate
0.85%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
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
In Albemarle, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Albemarle Appraisal District. The assessed value, however, 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. Assessment notices in Albemarle are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Keswick has the highest median tax bill at $5,642, while Esmont has the lowest at $1,675. Being aware of these valuation processes in Albemarle will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Albemarle County, Virginia
Source: Ownwell
$196,950
$442,825
$688,700
Average Albemarle County Assessed Value
$433,600
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
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 county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For instance, Albemarle County's median home price is $433,600, which translates into varying tax bills across different percentiles. Homeowners at the 25th percentile pay around $2,441, while those at the 75th percentile face a bill of $5,273. At the 90th percentile, the tax bill can reach up to $7,936. The highest median tax bill in the county is found in Keswick at $5,642, whereas Esmont has the lowest at $1,675. Compared to the national median property tax rate of 0.99%, Albemarle County's rates reflect a diverse range of tax burdens, significantly impacting homeowners based on their property's assessed value and location within the county.
Average Albemarle County Tax Bill
$3,602
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
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