Ruston, Virginia Property Taxes
The median property tax rate in Ruston, VA is 1.19%, considerably higher than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Ruston at $535,000, the typical annual property tax bill reaches $6,369, significantly exceeding the national median of $2,690. Property taxes in Ruston 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 Ruston'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 Ruston 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
Ruston, Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,780
Ownwell’s Ruston Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Ruston with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Ruston to estimate your property tax bill. This valuable 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 Rates Across Ruston, Virginia
Property taxes in Ruston, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ruston is 1.19%, higher than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Ruston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ruston 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 Ruston's effective property tax rate to other counties in Virginia and the national median. For comparison, the 98407 zip code has both the highest and lowest median property tax rate of 1.19%. Understanding how these cities compare with Ruston 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 Ruston Tax Rate
1.19%
Average Fairfax County Tax Rate
1.14%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ruston, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98407 | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Ruston, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ruston, Virginia. 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 Ruston, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 98407 has the highest and lowest median tax bills, both at $6,369, reflecting the uniformity in tax assessments within the area.
Average Ruston Assessed Value
$535,000
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 Ruston, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98407 | $535,000 | $535,000 | $535,000 | $535,000 | $535,000 |
Source: Ownwell
Property Tax Bills Across Ruston, Virginia
In Ruston, property tax bills are calculated based on the assessed value of a home, which is determined by the Fairfax County tax assessor. The assessed value is generally a percentage of the home's market value. For instance, if your home has a market value of $535,000, the assessed value will be a fraction of this amount, as determined by the county’s assessment ratio. The local property tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the assessed value, including the property's location, size, age, and condition. Homeowners in Ruston can expect a median tax bill of approximately $6,369, which is significantly higher than the national median property tax rate of 0.99%. This higher tax burden can impact homeowners by increasing their annual expenses, but it also contributes to funding local services such as schools, public safety, and infrastructure. Understanding these factors can help homeowners better anticipate their financial responsibilities and plan accordingly.
Average Ruston Tax Bill
$6,369
Average Fairfax County Tax Bill
$7,154
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Ruston, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 98407 | $6,369 | $6,369 | $6,369 | $6,369 | $6,369 |
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. | |