Fort Defiance, Virginia Property Taxes
The median property tax rate in Fort Defiance, VA is 0.63%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Fort Defiance at $250,400, the typical annual property tax bill reaches $1,453, which is significantly below the national median of $2,690. Property taxes in Fort Defiance 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 Fort Defiance'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 Fort Defiance or another part of Augusta County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fort Defiance, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,578
$1,464
Ownwell’s Fort Defiance Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Defiance with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Defiance 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 Fort Defiance, Virginia
Property taxes in Fort Defiance, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Defiance is 0.63%, which is lower than both the Virginia state median of 0.80% and the U.S. national median of 0.99%. Local government entities within Fort Defiance set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Defiance 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 Fort Defiance's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 24437 has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Fort Defiance provides valuable insights into the varying tax landscape across Augusta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Defiance Tax Rate
0.63%
Average Augusta County Tax Rate
0.63%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Defiance, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24437 | 0.39% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Fort Defiance, Virginia
In Fort Defiance, 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 Augusta County Assessor 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. In Fort Defiance, 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. The median home price in the area stands at $250,400, with tax bills ranging from $1,116 at the 25th percentile to $2,725 at the 90th percentile. 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 Fort Defiance helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fort Defiance Assessed Value
$250,400
Average Augusta County Assessed Value
$204,500
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Defiance, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24437 | $117,330 | $190,600 | $250,400 | $357,200 | $503,460 |
Source: Ownwell
Property Tax Bills Across Fort Defiance, Virginia
In Fort Defiance, Augusta County, VA, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined based on the market value of the property, which can fluctuate with real estate trends. For instance, with a median home price of $250,400, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $1,116, while the 75th percentile tax bill reaches $2,035, and the 90th percentile tax bill can go up to $2,725. These figures reflect the range of property taxes that homeowners might face, influenced by factors like property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Fort Defiance's tax rates can be considered moderate, with the highest and lowest median tax bills both standing at $1,453 in the zip code 24437. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Fort Defiance Tax Bill
$1,453
Average Augusta County Tax Bill
$1,250
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Defiance, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24437 | $669 | $1,116 | $1,453 | $2,035 | $2,725 |
Source: Ownwell