Centerville, Virginia Property Taxes
The median property tax rate in Centerville, VA is 1.14%, considerably higher than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Centerville at $554,210, the typical annual property tax bill reaches $6,337, far exceeding the national median of $2,690. Property taxes in Centerville 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 Centerville'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 Centerville or another part of Fairfax County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Centerville, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$6,318
Ownwell’s Centerville Property Tax Bill Calculator is designed for homeowners, real estate investors, and potential buyers to easily estimate their annual property taxes in Centerville. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Centerville to provide an estimate of your property tax bill. This handy tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Fairfax County for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Centerville, Virginia
Property taxes in Centerville, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Centerville is 1.14%, which is higher than the U.S. national median of 0.99%. Local government entities within Centerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Centerville 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 Centerville's effective property tax rate to other areas in Fairfax County and the national median. For comparison, the zip code 45458 has both the highest and lowest median property tax rate of 1.14%. Understanding how these areas compare with Centerville 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 Centerville 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 Centerville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45458 | 1.14% | 1.14% | 1.14% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Centerville, Virginia
In Centerville, 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 Centerville, 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. The median home price in Centerville is $554,210, with the highest and lowest median tax bills being $6,337 in the 45458 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Centerville, Virginia
Source: Ownwell
$26,110
$12,068,795
$24,111,480
Average Centerville Assessed Value
$554,210
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 Centerville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45458 | $554,210 | $554,210 | $554,210 | $554,210 | $554,210 |
Source: Ownwell
Property Tax Bills Across Centerville, Virginia
In Centerville, VA, located in Fairfax County, property tax bills are determined based on the assessed value of a home, which is distinct from its market value. The tax rate in this region is applied to the assessed value to calculate the annual tax bill. Several factors influence the assessed value, including the home's size, age, location, and any improvements made. Homeowners in Centerville face a median property tax bill of $6,337, significantly higher than the national median property tax rate of 0.99%. This elevated tax bill can impact homeowners by increasing their annual housing costs, which may affect affordability and budgeting. However, these taxes also contribute to local services and infrastructure, benefiting the community as a whole. Understanding how property taxes are calculated and the factors involved can help homeowners plan better and possibly explore appeal options if they believe their assessed value is too high.
Average Centerville Tax Bill
$6,337
Average Fairfax County Tax Bill
$7,154
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Centerville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45458 | $6,337 | $6,337 | $6,337 | $6,337 | $6,337 |
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. | |