Upperville, Fauquier County, Virginia Property Taxes
The median property tax rate in Upperville, VA is 0.91%, slightly below the national median of 0.99% but above the Virginia state median of 0.89%. With a median home value of $409,650 in Upperville, the typical annual property tax bill amounts to $3,704, surpassing the national median of $2,690. Property taxes in Upperville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Upperville'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 Upperville or another part of the city, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Upperville, Fauquier County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$3,728
$3,459
Ownwell’s Upperville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Upperville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Upperville 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 Upperville, Fauquier County, Virginia
Property taxes in Upperville, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Upperville is 0.91%, slightly lower than the U.S. national median of 0.99%. Local government entities within Upperville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Upperville 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 Upperville's effective property tax rate to other counties in Virginia and the national median. For comparison, the 20184 zip code has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Upperville 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 Upperville 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 Upperville, Fauquier County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20184 | 0.54% | 0.90% | 0.91% | 0.91% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Upperville, Fauquier County, Virginia
In Upperville, 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 Assessment Office 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 Upperville, 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 Upperville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Upperville's highest and lowest median tax bills are both $3,704, found in the zip code 20184. The median home price here is $409,650.
Property Tax Assessment Values Across Upperville, Fauquier County, Virginia
Source: Ownwell
$252,800
$458,400
$664,000
Average Upperville Assessed Value
$409,650
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 Upperville, Fauquier County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20184 | $24,950 | $200,000 | $409,650 | $899,175 | $2,420,490 |
Source: Ownwell
Property Tax Bills Across Upperville, Fauquier County, Virginia
In Upperville, located in Fauquier County, VA, property tax bills are calculated based on the assessed value of a home. The tax rate is applied to this assessed value, which is determined by local government assessors who evaluate the market value of the property. For instance, the median home price in Upperville is $409,650. Homeowners in the 25th percentile of tax bills pay around $1,632, while those in the 75th percentile face bills of approximately $7,470. The highest tax bills, in the 90th percentile, can reach up to $17,186. Factors such as property size, location, and market conditions are considered when determining the assessed value. Compared to the national median property tax rate of 0.99%, Upperville's property taxes can significantly impact homeowners, especially those with higher-valued properties. The median tax bill in the 20184 zip code stands at $3,704, reflecting the area's relatively high property values and the corresponding tax obligations. This financial burden underscores the importance of understanding local property tax regulations and potential exemptions available to homeowners.
Average Upperville Tax Bill
$3,704
Average Fauquier County Tax Bill
$3,881
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Upperville, Fauquier County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20184 | $89 | $1,632 | $3,704 | $7,470 | $17,186 |
Source: Ownwell