Fredericksburg, Fauquier County, Virginia Property Taxes
Median Fredericksburg, VA effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but higher than the Virginia state median of 0.89%.
Median Fredericksburg, VA home value: $513,600
Median annual Fredericksburg, VA tax bill: $4,315, $1,915 higher than the national median property tax bill of $2,400.
How are property taxes in Fauquier calculated?
Property taxes in Fredericksburg, VA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Fredericksburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fredericksburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fredericksburg, Fauquier County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.91%
Estimate Property Tax Bill
$4,674
$4,337
Property Tax Rates Across Fredericksburg, Fauquier County, Virginia
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Fredericksburg’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
Fredericksburg in Virginia's Fauquier County has a median property tax rate of 0.91%, which is lower than the national median property tax rate of 1.02%. This means homeowners in Fredericksburg may pay less in property taxes compared to the national average. However, it’s important to consider that while Fredericksburg’s rate is lower than the national median, rates can still vary significantly depending on the specific needs and budgets of local government entities. Homeowners should stay informed about local tax policies and any potential changes that could affect their property tax bills.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Fredericksburg Tax Rate
0.91%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Fauquier County Tax Rate
0.91%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fredericksburg, Fauquier County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22406 | 0.54% | 0.66% | 0.91% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Fredericksburg, Fauquier County, Virginia
When examining property taxes in Fredericksburg, VA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Fauquier County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Fauquier County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Fredericksburg. For example, the median home price in Fredericksburg is $513,600, with tax bills ranging significantly across the county. Zip code 22406 has the highest median home price at $513,600.
Property Tax Assessment Values Across Fredericksburg, Fauquier County, Virginia
Source: Ownwell
$252,800
$458,400
$664,000
Median Fredericksburg Market Value
$513,600
Median Fauquier County Market Value
$435,300
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fredericksburg, Fauquier County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22406 | $302,540 | $381,000 | $513,600 | $805,375 | $993,830 |
Source: Ownwell
Property Tax Bills Across Fredericksburg, Fauquier County, Virginia
Property Tax Bills Across Fredericksburg, Fauquier County, Virginia
Source: Ownwell
$2,496
$4,077
$5,657
Median Fredericksburg Tax Bill
$4,315
Median Fauquier County Tax Bill
$3,881
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Fredericksburg, Fauquier County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22406 | $1,932 | $3,138 | $4,315 | $5,014 | $5,953 |
Source: Ownwell