Alexandria County, Virginia Property Taxes
The median property tax rate in Alexandria is 1.11%, which is significantly higher than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Alexandria at $622,626, the typical annual property tax bill reaches $6,962, far exceeding the national median of $2,690. Property taxes in Alexandria 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 Alexandria's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in the city of Alexandria or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alexandria County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$6,911
$6,413
Ownwell’s Alexandria Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Alexandria with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Alexandria to estimate 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 a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Alexandria County, Virginia
Property taxes in Alexandria play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Alexandria is 1.11%, which is higher than the U.S. national median of 0.99%. Local government entities within Alexandria set these rates annually, and they can vary significantly between different areas within the county. Each year, Alexandria 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 Alexandria's effective property tax rate with other counties and the national median. For comparison, the city of Alexandria has one of the higher property tax rates in Virginia at 1.11%, while the city of Arlington also has one of the lowest at 1.11%. Analyzing how Alexandria's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Alexandria County Tax Rate
1.11%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alexandria County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexandria | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
| Arlington | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Alexandria County, Virginia
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Alexandria, VA. 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 Alexandria 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 Alexandria 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. For instance, Alexandria has the highest median tax bill at $7,005, while Arlington has the lowest at $5,254. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Alexandria County, Virginia
Source: Ownwell
$232,073
$567,875
$903,676
Average Alexandria County Assessed Value
$622,626
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alexandria County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexandria | $237,795 | $323,483 | $626,896 | $895,667 | $1,198,657 |
| Arlington | $298,077 | $307,190 | $473,357 | $535,042 | $542,179 |
Source: Ownwell
Property Tax Bills Across Alexandria County, Virginia
In Alexandria County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Alexandria County is $622,626, and property tax bills can vary significantly. Homeowners in the 25th percentile can expect to pay around $3,661 annually, while those in the 75th percentile may pay up to $9,946. The highest tax bills, in the 90th percentile, can reach $13,289. Several factors influence the tax bill, including the home's market value, any applicable exemptions, and the local tax rate. Alexandria County's median property tax bill is among the highest in the region, with Alexandria city itself having the highest median tax bill at $7,005, compared to Arlington's $5,254. These property taxes significantly impact homeowners by contributing to the overall cost of homeownership and influencing decisions on buying or selling property.
Average Alexandria County Tax Bill
$6,962
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Alexandria County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alexandria | $2,676 | $3,665 | $7,005 | $9,976 | $13,312 |
| Arlington | $3,306 | $3,410 | $5,254 | $5,939 | $6,018 |
Source: Ownwell