Rixeyville, Virginia Property Taxes
The median property tax rate in Rixeyville, 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 Rixeyville at $411,450, the typical annual property tax bill reaches $1,804, which is notably less than the national median of $2,690. Property taxes in Rixeyville 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 Rixeyville'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 Rixeyville 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
Rixeyville, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$1,893
$1,756
Ownwell’s Rixeyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rixeyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rixeyville 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 Rixeyville, Virginia
Property taxes in Rixeyville, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rixeyville 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 Rixeyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rixeyville 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 Rixeyville's effective property tax rate to other areas in Virginia and the national median. For comparison, the zip code 22737 has both the highest and lowest median property tax rate of 0.46%, reflecting the uniformity in rates within this region. Understanding how these areas compare with Rixeyville 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 Rixeyville 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 Rixeyville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22737 | 0.32% | 0.46% | 0.46% | 0.46% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Rixeyville, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rixeyville, Virginia. The market value represents 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 Rixeyville, 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 Rixeyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Rixeyville are both $1,804, found in the zip code 22737.
Average Rixeyville Assessed Value
$411,450
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 Rixeyville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22737 | $259,610 | $321,200 | $411,450 | $538,925 | $730,990 |
Source: Ownwell
Property Tax Bills Across Rixeyville, Virginia
In Rixeyville, Culpeper County, VA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Rixeyville can expect their property tax bills to vary significantly, with the 25th percentile at $1,386 and the 75th percentile at $2,272. For those at the 90th percentile, the tax bill can reach up to $2,902. These figures indicate that property taxes in Rixeyville can be a substantial expense for homeowners, especially when compared to the national median property tax rate of 0.99%. The highest median tax bill in the area is $1,804, which is also the lowest, indicating a consistent tax rate across the region. Homeowners should be aware of these costs as they can impact overall affordability and financial planning. Understanding how these taxes are calculated can help homeowners anticipate their annual expenses more accurately.
Average Rixeyville Tax Bill
$1,804
Average Culpeper County Tax Bill
$1,772
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Rixeyville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22737 | $1,042 | $1,386 | $1,804 | $2,272 | $2,902 |
Source: Ownwell