Orlean, Virginia Property Taxes
The median property tax rate in Orlean, VA is 0.82%, which is lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $1,120,200, the typical annual property tax bill in Orlean reaches $9,147, significantly higher than the national median of $2,690. Property taxes in Orlean are calculated based on the assessed value, which is often below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Orlean'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 Orlean 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
Orlean, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$9,186
Ownwell’s Orlean Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orlean with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orlean 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 Orlean, Virginia
Property taxes in Orlean, Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orlean is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Orlean set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orlean 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 Orlean's effective property tax rate to other areas in Virginia and the national median. For comparison, the zip code 20128 has both the highest and lowest median property tax rate of 0.82%. Understanding how these areas compare with Orlean 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 Orlean Tax Rate
0.82%
Average Fauquier County Tax Rate
0.91%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orlean, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20128 | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Orlean, Virginia
In Orlean, 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 Orlean, 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 Orlean helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 20128 has both the highest and lowest median tax bills, each at $9,147, indicating uniformity in tax assessments across the area.
Average Orlean Assessed Value
$1,120,200
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 Orlean, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20128 | $1,120,200 | $1,120,200 | $1,120,200 | $1,120,200 | $1,120,200 |
Source: Ownwell
Property Tax Bills Across Orlean, Virginia
In Orlean, located in Fauquier County, VA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. For instance, the median home price in Orlean is $1,120,200. The property tax rate is applied to this assessed value to calculate the annual tax bill. In this region, homeowners can expect a median tax bill of $9,147, which is significantly higher than the national median property tax rate of 0.99%. This higher tax bill reflects the premium property values in the area. Factors that influence the tax bill include the property's location, size, and market conditions. Homeowners in Orlean should be aware that their property tax bill can have a substantial impact on their annual expenses, making it crucial to understand how these taxes are calculated and to explore any potential exemptions or appeals that might reduce their financial burden.
Average Orlean Tax Bill
$9,147
Average Fauquier County Tax Bill
$3,881
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Orlean, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20128 | $9,147 | $9,147 | $9,147 | $9,147 | $9,147 |
Source: Ownwell