Calverton, Virginia Property Taxes
The median property tax rate in Calverton, VA is 0.86%, slightly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $252,800 in Calverton, the typical annual property tax bill amounts to $2,496, which is still below the national median of $2,690. Property taxes in Calverton are determined based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By gaining a comprehensive understanding of Calverton's property tax system, exploring available exemptions, and identifying potential reductions, homeowners can achieve substantial annual savings. Whether you're residing in the heart of Calverton or another area within Fauquier County, being well-informed about the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Calverton, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$2,174
$2,017
Ownwell’s Calverton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Calverton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calverton 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 Calverton, Virginia
Property taxes in Calverton, Virginia, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Calverton is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Calverton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Calverton 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 Calverton's effective property tax rate to other counties in Virginia and the national median. For comparison, the 20138 zip code has both the highest and lowest median property tax rate of 0.86%. Understanding how these cities compare with Calverton provides valuable insights into the varying tax landscape across Fauquier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Calverton Tax Rate
0.86%
Average Fauquier County Tax Rate
0.91%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calverton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20138 | 0.39% | 0.65% | 0.86% | 0.91% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Calverton, Virginia
In Calverton, 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 Fauquier 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 Calverton, 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 Calverton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,496 in zip code 20138, whereas the lowest median tax bill is also $2,496 in the same zip code.
Average Calverton Assessed Value
$252,800
Average Fauquier County Assessed Value
$435,300
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Calverton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20138 | $160,680 | $179,075 | $252,800 | $715,950 | $964,920 |
Source: Ownwell
Property Tax Bills Across Calverton, Virginia
In Calverton, Fauquier County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate. The median home price in Calverton is $252,800, and homeowners can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is $1,687, while the 75th percentile tax bill reaches $3,763. The tax bill for the 90th percentile can go up to $6,660. Factors such as property size, location, and improvements play a crucial role in determining the assessed value. Homeowners in Calverton should note that the highest and lowest median tax bills in the region both stand at $2,496, indicating a relatively uniform tax rate within the zip code 20138. Compared to the national median property tax rate of 0.99%, Calverton's tax bills reflect a range that can significantly impact household budgets, making it essential for homeowners to understand how their tax liabilities are calculated.
Average Calverton Tax Bill
$2,496
Average Fauquier County Tax Bill
$3,881
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Calverton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20138 | $1,042 | $1,687 | $2,496 | $3,763 | $6,660 |
Source: Ownwell