Fredericksburg, Caroline County, Virginia Property Taxes

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

Median Fredericksburg, VA effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Fredericksburg, VA home value: $251,750
Median annual Fredericksburg, VA tax bill: $1,940, $460 lower than the national median property tax bill of $2,400.

How are property taxes in Caroline County calculated?

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

Last Updated March 1, 2025

Fredericksburg, Caroline County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.77%

Estimate Property Tax Bill

$1,938

$1,799

Ownwell’s Fredericksburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fredericksburg with just two data points.

By entering your property's estimated assessed value, our calculator applies Fredericksburg’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 Caroline.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fredericksburg, Caroline County, Virginia

Local government entities determine tax rates, leading to significant variation within a state. This occurs because each county annually estimates the budget required for services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play roles in setting these rates and budgets, this is the core process.

Fredericksburg in Caroline County, VA, offers an interesting comparison. The effective property tax rate in Fredericksburg is notably lower than the national median property tax rate of 1.02%. This makes it an attractive location for property owners seeking to minimize their tax burden. When compared to other cities in Virginia, Fredericksburg's rate aligns with the state's overall trend of maintaining lower property tax rates compared to the national average. This can be a significant advantage for residents, providing potential savings and financial relief. Understanding how these rates are set and how they compare can empower property owners to make informed decisions about their investments and potential appeals.

Property Tax Rates Across Fredericksburg, Caroline County, Virginia

Source: Ownwell

0.77%

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 Fredericksburg Tax Rate

0.77%

Median Effective Caroline County Tax Rate

0.77%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fredericksburg, Caroline County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22408	0.77%	0.77%	0.77%	0.77%	0.77%

Source: Ownwell

Property Tax Assessment Values Across Fredericksburg, Caroline County, Virginia

When examining property taxes in Fredericksburg, 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 Caroline 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 Caroline 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 Fredericksburg. For example, the median home price in Fredericksburg is $251,750, with tax bills ranging significantly across the county. Zip code 22408 has the highest median home price at $251,750.

Property Tax Assessment Values Across Fredericksburg, Caroline County, Virginia

Source: Ownwell

$174,850

$213,300

$251,750

Median Fredericksburg Market Value

$251,750

Median Caroline County Market Value

$198,200

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fredericksburg, Caroline County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22408	$117,350	$170,275	$251,750	$332,725	$529,800

Source: Ownwell

Property Tax Bills Across Fredericksburg, Caroline County, Virginia

In Fredericksburg, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in the area is $251,750, and homeowners can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $1,313, while the 75th percentile reaches $2,567, and the 90th percentile goes up to $4,162. The median property tax bill in Fredericksburg is $1,940, which is below the national median of $2,400. This relatively lower tax bill can be appealing to homeowners, but it still represents a significant expense. Ownwell can assist homeowners in Fredericksburg by reviewing their property assessments and identifying opportunities for tax savings. By ensuring that homeowners are not over-assessed, Ownwell helps reduce the financial burden of property taxes. This service is particularly beneficial for those in higher tax brackets, potentially saving them thousands of dollars annually.

Property Tax Bills Across Fredericksburg, Caroline County, Virginia

Source: Ownwell

$1,368

$1,654

$1,940

Median Fredericksburg Tax Bill

$1,940

Median Caroline County Tax Bill

$1,559

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Fredericksburg, Caroline County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22408	$936	$1,313	$1,940	$2,567	$4,162

Source: Ownwell