Jeffersonton, Virginia Property Taxes
The median property tax rate in Jeffersonton, VA is 0.46%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Jeffersonton at $553,500, the typical annual property tax bill reaches $2,133, which is below the national median of $2,690. Property taxes in Jeffersonton 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 Jeffersonton'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 Jeffersonton 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
Jeffersonton, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$2,546
$2,363
Ownwell’s Jeffersonton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jeffersonton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jeffersonton 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 Jeffersonton, Virginia
Property taxes in Jeffersonton, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jeffersonton is 0.46%, which is lower than the U.S. national median of 0.99%. Local government entities within Jeffersonton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jeffersonton 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 Jeffersonton's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22724 zip code has the highest median property tax rate of 0.46%, while the same zip code has the lowest median tax rate of 0.46%. Understanding how these cities compare with Jeffersonton 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 Jeffersonton 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 Jeffersonton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22724 | 0.39% | 0.46% | 0.46% | 0.46% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Jeffersonton, Virginia
In Jeffersonton, 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 Jeffersonton, 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 Jeffersonton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 22724, while the lowest median tax bill is also found in the same zip code, illustrating a uniformity in tax assessments within the area.
Average Jeffersonton Assessed Value
$553,500
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 Jeffersonton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22724 | $317,430 | $425,575 | $553,500 | $642,325 | $702,350 |
Source: Ownwell
Property Tax Bills Across Jeffersonton, Virginia
In Jeffersonton, VA, property tax bills are calculated based on the assessed value of your home. The local tax assessor determines this value, which is then multiplied by the tax rate set by Culpeper County. A key factor in your tax bill is the assessed value, which may differ from the market value of your property. For example, the median home price in Jeffersonton is $553,500, but the assessed value could be higher or lower depending on various factors like property condition and neighborhood trends. Homeowners in Jeffersonton see property tax bills that range significantly. The 25th percentile tax bill is around $1,612, while the 75th percentile tax bill is about $2,474. At the 90th percentile, the tax bill can reach up to $3,056. These amounts can impact household budgets, making it crucial for homeowners to understand how their property is assessed and what exemptions might be available to them. Comparing these figures to the national median property tax rate of 0.99% can also provide context on how Jeffersonton's rates stack up.
Average Jeffersonton Tax Bill
$2,133
Average Culpeper County Tax Bill
$1,772
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Jeffersonton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22724 | $1,169 | $1,612 | $2,133 | $2,474 | $3,056 |
Source: Ownwell