Catlett, Virginia Property Taxes
The median property tax rate in Catlett, VA is 0.91%, slightly below the national median of 0.99% but higher than the Virginia state median of 0.89%. With the median home value in Catlett at $422,350, the typical annual property tax bill reaches $3,661, which is above the national median of $2,690. Property taxes in Catlett are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Catlett'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 Catlett or another part of Fauquier County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Catlett, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$3,843
Ownwell’s Catlett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Catlett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Catlett 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 Catlett, Virginia
Property taxes in Catlett, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Catlett is 0.91%, which is lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Catlett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Catlett 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 Catlett's effective property tax rate to other counties in Virginia and the national median. For comparison, the 20119 zip code has the highest median property tax rate of 0.91%, while the 20119 zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Catlett 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 Catlett Tax Rate
0.91%
Average Fauquier County Tax Rate
0.91%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Catlett, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20119 | 0.65% | 0.90% | 0.91% | 0.91% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Catlett, Virginia
In Catlett, 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 Assessor 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 Catlett, 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 Catlett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Catlett are both $3,661, found in the 20119 zip code.
Average Catlett Assessed Value
$422,350
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 Catlett, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20119 | $20,300 | $229,225 | $422,350 | $574,800 | $765,530 |
Source: Ownwell
Property Tax Bills Across Catlett, Virginia
In Catlett, located in Fauquier County, VA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Catlett is $422,350. Homeowners in this area can expect to pay a tax bill ranging from $1,912 at the 25th percentile to $4,922 at the 75th percentile. The top 10% of property tax bills reach up to $6,365. The tax bill is influenced by several factors, including the assessed value of the property, which is determined by the county assessor, and the local tax rate set by the county government. These factors combined determine the total amount homeowners will owe annually. For homeowners, understanding these elements is crucial as higher assessed values and tax rates can significantly impact their annual expenses. When compared to the national median property tax rate of 0.99%, Catlett's property tax bills highlight the importance of regional variations and their effects on household budgets.
Average Catlett Tax Bill
$3,661
Average Fauquier County Tax Bill
$3,881
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Catlett, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20119 | $267 | $1,912 | $3,661 | $4,922 | $6,365 |
Source: Ownwell