Alexandria, Virginia Property Taxes
The median property tax rate in Alexandria, VA is 1.11%, considerably 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 $626,896, the typical annual property tax bill reaches $7,005, exceeding the national median of $2,690. Property taxes in Alexandria are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alexandria's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Alexandria 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
Alexandria, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$6,959
$6,457
Ownwell’s Alexandria Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alexandria with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alexandria 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 Alexandria, Virginia
Property taxes in Alexandria, Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alexandria is 1.11%, higher than the U.S. national median of 0.99%. Local government entities within Alexandria set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alexandria 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 Alexandria's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22302 zip code has the highest median property tax rate of 1.11%, while the 22311 zip code has the lowest median tax rate of 1.11%. Understanding how these areas compare with Alexandria provides valuable insights into the varying tax landscape across Alexandria, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alexandria Tax Rate
1.11%
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, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22301 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
| 22302 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
| 22304 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
| 22305 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
| 22311 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
| 22312 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
| 22314 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Alexandria, Virginia
In Alexandria, Virginia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Alexandria City Assessor's Office 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. 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. Alexandria's median home price stands at $626,896, with the 25th percentile tax bill at $3,665 and the 75th percentile at $9,976. The highest median tax bill is $10,036 in the 22301 zip code, while the lowest median tax bill is $2,576 in the 22312 zip code. 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 Alexandria helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alexandria Assessed Value
$626,896
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, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22301 | $669,825 | $762,756 | $903,676 | $1,095,681 | $1,338,692 |
| 22302 | $236,526 | $286,529 | $403,112 | $908,889 | $1,229,820 |
| 22304 | $221,003 | $260,940 | $383,757 | $620,344 | $834,771 |
| 22305 | $352,032 | $597,412 | $732,417 | $927,256 | $1,162,107 |
| 22311 | $314,494 | $406,255 | $610,290 | $730,288 | $805,675 |
| 22312 | $176,650 | $189,102 | $232,073 | $299,889 | $617,670 |
| 22314 | $321,214 | $515,054 | $744,805 | $1,059,237 | $1,437,042 |
Source: Ownwell
Property Tax Bills Across Alexandria, Virginia
In Alexandria, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. These assessors evaluate various factors, including the property's size, location, and market conditions, to estimate its value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Alexandria experience a range of tax bills. The 25th percentile tax bill is around $3,665, while those in the 75th percentile pay approximately $9,976. For the top 10% of homeowners, the tax bill can reach up to $13,312. The highest median tax bill in the city is found in the 22301 zip code, at $10,036, whereas the lowest median tax bill is in the 22312 zip code, at $2,576. Compared to the national median property tax rate of 0.99%, Alexandria's property taxes can significantly impact homeowners, especially those in higher-valued properties. Understanding these factors is crucial for homeowners to manage their financial planning effectively.
Average Alexandria Tax Bill
$7,005
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, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22301 | $7,516 | $8,504 | $10,036 | $12,129 | $14,730 |
| 22302 | $2,657 | $3,180 | $4,475 | $10,121 | $13,661 |
| 22304 | $2,460 | $2,900 | $4,274 | $6,876 | $9,266 |
| 22305 | $4,144 | $6,692 | $8,136 | $10,295 | $12,992 |
| 22311 | $3,491 | $4,509 | $6,767 | $8,102 | $8,936 |
| 22312 | $1,961 | $2,099 | $2,576 | $3,406 | $6,874 |
| 22314 | $3,691 | $5,891 | $8,319 | $11,811 | $16,004 |
Source: Ownwell