Herndon, Virginia Property Taxes

Ownwell’s Herndon Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Herndon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Herndon 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 Fairfax County for property tax calculations, accounting for any exemptions that may apply.

Property Tax Assessment Values Across Herndon, Virginia

In Herndon, 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 Herndon, 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. For instance, the highest median tax bill in the region is $182,005 in the 20001 zip code, while the lowest is $5,356 in the 01803 zip code. Being aware of these valuation processes in Herndon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across Herndon, Virginia

Source: Ownwell

$26,110

$12,068,795

$24,111,480

Average Herndon Assessed Value

$597,500

Average Fairfax County Assessed Value

$616,950

Average Virginia Assessed Value

$298,700

Average United States Assessed Value

$244,900