Falls Church County Property Taxes
The median property tax rate in Falls Church is 1.23%, which is significantly higher than both the national median of 0.99% and Virginia's state median of 0.89%. With the median home value in Falls Church at $919,600, the typical annual property tax bill reaches $11,348, far exceeding the national median of $2,690. Property taxes in Falls Church are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Falls Church's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in the city of Falls Church or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Falls Church County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$11,311
$10,496
Ownwell’s Falls Church Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Falls Church with just two key data points. By entering your property's estimated assessed value, our calculator uses the median tax rate in Falls Church to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. To explore trends on a city level, scroll down to navigate to more localized information. Your property assessed value is determined by your county and is used for property tax calculations, factoring in any exemptions you may have.
Property Tax Rates Across Falls Church County, Virginia
Property taxes in Falls Church play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Falls Church is 1.23%, which is higher than the U.S. national median of 0.99%. Local government entities within Falls Church set these rates annually, and they can vary significantly between different areas within the county. Each year, Falls Church estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Falls Church's effective property tax rate with other regions and the national median. For comparison, the city of Arlington has one of the higher property tax rates at 1.23%. Analyzing how Falls Church's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Falls Church County Tax Rate
1.23%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Falls Church County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% |
| Falls Church | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% |
| Greenbelt | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Falls Church County, Virginia
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Falls Church, VA. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Falls Church Appraisal District. The assessed value, however, 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. Assessment notices in Falls Church are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Falls Church will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Arlington boasts the highest median tax bill at $11,639, while Greenbelt has the lowest at $4,775.
Property Tax Assessment Values Across Falls Church County, Virginia
Source: Ownwell
$189,600
$592,125
$994,650
Average Falls Church County Assessed Value
$919,600
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Falls Church County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | $309,500 | $712,300 | $946,300 | $1,074,900 | $1,145,080 |
| Falls Church | $375,090 | $594,650 | $919,850 | $1,162,600 | $1,549,560 |
| Greenbelt | $388,200 | $388,200 | $388,200 | $388,200 | $388,200 |
Source: Ownwell
Property Tax Bills Across Falls Church County, Virginia
In Falls Church, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions are considered during the assessment process. For instance, the median home price in Falls Church is $919,600, contributing to higher tax bills. Homeowners in Falls Church experience varying tax bills, with the 25th percentile paying around $7,342 and the 75th percentile paying approximately $14,312. At the 90th percentile, tax bills can reach up to $19,061. These figures are significantly higher than the national median property tax rate of 0.99%, reflecting the region's higher property values. For comparison, Arlington has the highest median tax bill at $11,639, while Greenbelt has the lowest at $4,775. This substantial range in tax bills underscores the importance of understanding local property tax assessments and rates for homeowners.
Average Falls Church County Tax Bill
$11,348
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Falls Church County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | $3,807 | $8,761 | $11,639 | $13,221 | $14,084 |
| Falls Church | $4,886 | $7,368 | $11,348 | $14,325 | $19,135 |
| Greenbelt | $4,775 | $4,775 | $4,775 | $4,775 | $4,775 |
Source: Ownwell