Bluemont, Virginia Property Taxes
The median property tax rate in Bluemont, VA is 0.60%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Bluemont at $309,600, the typical annual property tax bill amounts to $1,828, which is well below the national median of $2,690. Property taxes in Bluemont are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bluemont's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bluemont 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
Bluemont, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,858
$1,724
Ownwell’s Bluemont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bluemont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bluemont 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 Bluemont, Virginia
Property taxes in Bluemont, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bluemont is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Bluemont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bluemont 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 Bluemont's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 20135 in Clarke County has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Bluemont provides valuable insights into the varying tax landscape across Clarke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bluemont Tax Rate
0.60%
Average Clarke County Tax Rate
0.60%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bluemont, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20135 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Bluemont, Virginia
In Bluemont, 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 Clarke County Appraisal District 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 Bluemont, 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. 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 Bluemont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bluemont are both $1828, found in the zip code 20135.
Average Bluemont Assessed Value
$309,600
Average Clarke County Assessed Value
$342,200
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bluemont, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20135 | $174,340 | $218,850 | $309,600 | $451,450 | $599,660 |
Source: Ownwell
Property Tax Bills Across Bluemont, Virginia
In Bluemont, located in Clarke County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The assessed value is typically a percentage of the market value of the property. Homeowners in Bluemont face property tax rates that are influenced by the county's budgetary needs and the services provided to residents. Several factors contribute to the final tax bill, including the property's location, size, and condition, as well as any applicable exemptions or deductions. For instance, the median home price in Bluemont is $309,600. Property tax bills in this area can vary significantly, with the 25th percentile at $1,312, the 75th percentile at $2,600, and the 90th percentile reaching $3,484. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Bluemont residents experience a range of tax bills that reflect both the value of their properties and the specific needs of Clarke County.
Average Bluemont Tax Bill
$1,828
Average Clarke County Tax Bill
$2,002
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Bluemont, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20135 | $1,046 | $1,312 | $1,828 | $2,600 | $3,484 |
Source: Ownwell