Front Royal, Virginia Property Taxes
The median property tax rate in Front Royal, VA is 0.60%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $311,600 in Front Royal, the typical annual property tax bill is around $1,870, which is below the national median of $2,690. Property taxes in Front Royal are based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Front Royal's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in Front Royal or other parts of the county, a thorough understanding of the local property tax system is crucial for managing expenses effectively.
Last Updated June 14, 2024
Front Royal, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,870
Ownwell’s Front Royal Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Front Royal with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Front Royal 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 Front Royal, Virginia
Property taxes in Front Royal, Virginia, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Front Royal is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Front Royal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Front Royal 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 Front Royal's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22630 zip code has the highest median property tax rate of 0.60%, while the lowest median tax rate is also 0.60%. Understanding how these cities compare with Front Royal 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 Front Royal 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 Front Royal, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22630 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Front Royal, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Front Royal, Virginia. 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 Front Royal, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Front Royal are both $1,870, found in zip code 22630.
Average Front Royal Assessed Value
$311,600
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 Front Royal, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22630 | $196,340 | $248,100 | $311,600 | $407,900 | $460,660 |
Source: Ownwell
Property Tax Bills Across Front Royal, Virginia
In Front Royal, VA, property tax bills are calculated based on the assessed value of your home. The local government assesses properties to determine their market value, which serves as the basis for your tax bill. This assessed value is then multiplied by the local tax rate to calculate the amount you owe. Several factors influence this assessed value, including the size, location, and condition of the property, as well as recent sales of similar properties in the area. For homeowners in Front Royal, the median home price is $311,600. Property tax bills can vary significantly, with the 25th percentile being $1,489 and the 75th percentile reaching $2,399. The 90th percentile tax bill is as high as $2,705. The highest median tax bill in the area is $1,870, and the lowest median tax bill is also $1,870, both within the 22630 zip code. Compared to the national median property tax rate of 0.99%, these figures provide a clear picture of how property taxes can impact homeowners in Front Royal.
Average Front Royal Tax Bill
$1,870
Average Clarke County Tax Bill
$2,002
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Front Royal, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22630 | $1,178 | $1,489 | $1,870 | $2,399 | $2,705 |
Source: Ownwell