Brandy Station, Virginia Property Taxes
The median property tax rate in Brandy Station, VA is 0.46%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $438,800 in Brandy Station, the typical annual property tax bill amounts to $1,955, which is well below the national median of $2,690. Property taxes in Brandy Station are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Brandy Station'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 Brandy Station or another part of Culpeper County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brandy Station, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$2,018
$1,873
Ownwell’s Brandy Station Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Brandy Station. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Brandy Station to provide an accurate estimate of your property tax bill. This user-friendly tool helps you understand your potential tax liabilities with ease. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Culpeper County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Brandy Station, Virginia
Property taxes in Brandy Station, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brandy Station is 0.46%, which is lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Brandy Station set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brandy Station 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 Brandy Station's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 22714 has the highest median property tax rate of 0.46%, while the same zip code also has the lowest median tax rate of 0.46%. Understanding how these cities compare with Brandy Station provides valuable insights into the varying tax landscape across Culpeper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brandy Station Tax Rate
0.46%
Average Culpeper County Tax Rate
0.46%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brandy Station, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22714 | 0.37% | 0.46% | 0.46% | 0.46% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Brandy Station, Virginia
In Brandy Station, 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 Culpeper 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 Brandy Station, 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 Brandy Station is $438,800, with tax bills ranging from $1,270 at the 25th percentile to $3,034 at the 90th percentile. The highest and lowest median tax bills are both $1,955 in zip code 22714. 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 Brandy Station helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Brandy Station, Virginia
Source: Ownwell
$281,200
$417,350
$553,500
Average Brandy Station Assessed Value
$438,800
Average Culpeper County Assessed Value
$394,900
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brandy Station, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22714 | $179,520 | $284,200 | $438,800 | $535,700 | $783,900 |
Source: Ownwell
Property Tax Bills Across Brandy Station, Virginia
In Brandy Station, Culpeper County, VA, property tax bills are calculated based on the assessed value of the home. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $438,800, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as property size, location, and condition influence the assessed value. In Brandy Station, the tax bill can range significantly, with the 25th percentile at $1,270, the 75th percentile at $2,400, and the 90th percentile reaching up to $3,034. Comparing this to the national median property tax rate of 0.99%, Brandy Station's tax rates can be seen as relatively moderate, ensuring that homeowners contribute fairly to local services and infrastructure. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Brandy Station Tax Bill
$1,955
Average Culpeper County Tax Bill
$1,772
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Brandy Station, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22714 | $689 | $1,270 | $1,955 | $2,400 | $3,034 |
Source: Ownwell