Charlottesville, Albemarle County, Virginia Property Taxes

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

Median Charlottesville, VA effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Charlottesville, VA home value: $426,900
Median annual Charlottesville, VA tax bill: $3,587, $1,187 higher than the national median property tax bill of $2,400.

How are property taxes in Albemarle calculated?

Property taxes in Charlottesville, VA 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 Charlottesville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Charlottesville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Charlottesville, 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

$3,629

$3,367

Ownwell’s Charlottesville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Charlottesville with just two data points. By entering your property's estimated assessed value, our calculator applies Charlottesville’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 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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Charlottesville, Albemarle County, Virginia

Local government entities determine tax rates, leading to significant variation within a state. This is because each year, counties estimate the budget needed to provide services and divide it by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Though votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.

In Charlottesville, located in Albemarle County, the effective property tax rate reflects this local determination process. When compared to other cities in Virginia, Charlottesville's rate offers a unique perspective on how local governance affects property taxes. The median property tax rate in Virginia is 0.85%, which is below the national median of 1.02%. This lower rate can translate into significant savings on property tax bills for homeowners in the region.

By understanding how these rates are set and how they compare both within the state and nationally, property owners can make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Charlottesville, 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 Charlottesville Tax Rate

0.85%

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 Charlottesville, Albemarle County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22901	0.85%	0.85%	0.85%	0.85%	0.85%
22902	0.85%	0.85%	0.85%	0.85%	0.85%
22903	0.76%	0.85%	0.85%	0.85%	0.85%
22911	0.85%	0.85%	0.85%	0.85%	0.85%

Source: Ownwell

Property Tax Assessment Values Across Charlottesville, Albemarle County, Virginia

When examining property taxes in Charlottesville, VA, 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.

In Albemarle County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Charlottesville. For example, the median home price in Charlottesville is $426,900, with tax bills ranging significantly across the county. Zip code 22903 has the highest median home price at $508,500.

Property Tax Assessment Values Across Charlottesville, Albemarle County, Virginia

Source: Ownwell

$196,950

$442,825

$688,700

Median Charlottesville Market Value

$426,900

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 Charlottesville, Albemarle County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22901	$176,100	$281,150	$419,000	$626,450	$969,100
22902	$244,250	$339,000	$411,600	$477,975	$583,500
22903	$176,000	$298,000	$508,500	$912,025	$1,344,190
22911	$238,200	$331,950	$414,500	$554,600	$739,500

Source: Ownwell

Property Tax Bills Across Charlottesville, Albemarle County, Virginia

In Charlottesville, located in Albemarle County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The city applies its tax rate to this assessed value to determine the annual tax bill. With a median home price of $426,900, homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $2,508, while the 75th percentile reaches approximately $5,058. At the higher end, the 90th percentile tax bill is about $7,916. The highest median tax bill in the area is found in the 22903 zip code, at $4,215, while the lowest is in the 22902 zip code, at $3,470. These figures can be burdensome compared to the national median property tax bill of $2,400. Ownwell assists homeowners by identifying potential savings through tax appeals and exemptions, ensuring they are not overpaying. By leveraging local expertise, Ownwell can help reduce the financial burden on homeowners in Charlottesville.

Property Tax Bills Across Charlottesville, Albemarle County, Virginia

Source: Ownwell

$1,675

$3,659

$5,642

Median Charlottesville Tax Bill

$3,587

Median Albemarle County Tax Bill

$3,602

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Charlottesville, Albemarle County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22901	$1,489	$2,344	$3,504	$5,267	$8,053
22902	$1,879	$2,822	$3,470	$4,014	$4,776
22903	$1,404	$2,349	$4,215	$7,399	$10,886
22911	$1,920	$2,746	$3,484	$4,684	$6,131

Source: Ownwell