Ashburn, Virginia Property Taxes
The median property tax rate in Ashburn, VA is 1.14%, higher than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Ashburn, the typical annual property tax bill reaches $1,921, which is below the national median of $2,690. Property taxes in Ashburn 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 Ashburn'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 Ashburn 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
Ashburn, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$1,915
Ownwell’s Ashburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashburn 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 Ashburn, Virginia
Property taxes in Ashburn, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashburn is 1.14%, higher than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Ashburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashburn 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 Ashburn's effective property tax rate to other counties in Virginia and the national median. For comparison, the 20148 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Ashburn provides valuable insights into the varying tax landscape across Fairfax County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashburn Tax Rate
1.14%
Average Fairfax County Tax Rate
1.14%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashburn, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20148 | 1.14% | 1.14% | 1.14% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Ashburn, Virginia
In Ashburn, 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 Fairfax 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 Ashburn, 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 Ashburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Ashburn is $168,000, with the highest and lowest median tax bills both recorded at $1,921 in the 20148 zip code.
Average Ashburn Assessed Value
$168,000
Average Fairfax County Assessed Value
$616,950
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashburn, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20148 | $168,000 | $168,000 | $168,000 | $168,000 | $168,000 |
Source: Ownwell
Property Tax Bills Across Ashburn, Virginia
In Ashburn, located in Fairfax County, VA, property tax bills are calculated based on the assessed value of the property. This assessed value is determined by the county's tax assessor and reflects the market value of the home. The tax rate, set by local government authorities, is then applied to this assessed value to calculate the annual tax bill. For example, a median home price in Ashburn is $168,000. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Ashburn should note that the median property tax bill is $1,921, which is relatively close to the national median property tax rate of 0.99%. This consistency in tax bills helps homeowners predict their annual expenses more accurately. Understanding how these factors interplay allows homeowners to better anticipate their financial obligations and plan accordingly. Being aware of the assessed value and tax rate can also help homeowners make informed decisions about property improvements and investments.
Average Ashburn Tax Bill
$1,921
Average Fairfax County Tax Bill
$7,154
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashburn, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20148 | $1,921 | $1,921 | $1,921 | $1,921 | $1,921 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | June 6 |
| Due Date #2 | December 5 |
Links | |
|---|---|
| Fairfax Tax Assessor | |
| realestateoffice@fairfaxva.gov. | |