Warrenton, Virginia Property Taxes
The median property tax rate in Warrenton, VA is 0.90%, slightly below the national median of 0.99% but just above the Virginia state median of 0.89%. With the median home value in Warrenton at $480,300, the typical annual property tax bill reaches $4,378, far exceeding the national median of $2,690. Property taxes in Warrenton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Warrenton'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 Warrenton 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
Warrenton, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$4,323
$4,011
Ownwell’s Warrenton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warrenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warrenton 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 Warrenton, Virginia
Property taxes in Warrenton, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warrenton is 0.90%, which is slightly below the U.S. national median of 0.99%. Local government entities within Warrenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warrenton 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 Warrenton's effective property tax rate to other areas in Fauquier County and the national median. For comparison, the 20187 zip code has the highest median property tax rate of 0.91%, while the 20186 zip code has the lowest median tax rate of 0.90%. Understanding how these areas compare with Warrenton 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 Warrenton Tax Rate
0.90%
Average Fauquier County Tax Rate
0.91%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warrenton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20186 | 0.90% | 0.90% | 0.90% | 0.90% | 0.91% |
| 20187 | 0.90% | 0.90% | 0.91% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Warrenton, Virginia
In Warrenton, 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 Warrenton, 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. The median home price in Warrenton is $480,300, with tax bills ranging significantly across different zip codes. The highest median tax bill is found in zip code 20187 at $4,811, while the lowest is in zip code 20186 at $3,822. 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 Warrenton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Warrenton Assessed Value
$480,300
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 Warrenton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20186 | $152,640 | $290,725 | $421,500 | $571,775 | $724,700 |
| 20187 | $167,250 | $406,800 | $526,450 | $677,600 | $788,380 |
Source: Ownwell
Property Tax Bills Across Warrenton, Virginia
Property tax bills in Warrenton, located in Fauquier County, VA, are calculated based on the assessed value of a property and the local tax rate. Homeowners in this area typically see tax bills that vary significantly, with the 25th percentile at $3,165 and the 75th percentile reaching $5,740. The highest median tax bill in the county is $4,811, found in the 20187 zip code, while the lowest is $3,822 in the 20186 zip code. These tax bills are determined by multiplying the assessed value of a property by the local tax rate. For example, with a median home price of $480,300, the assessed value plays a crucial role in determining the final tax bill. Factors such as property improvements, neighborhood developments, and market trends also influence the assessed value. For homeowners, these property taxes contribute to local services like schools, infrastructure, and emergency services, directly impacting the community's quality of life. Comparing to the national median property tax rate of 0.99%, Warrenton homeowners experience a notable variation in their tax obligations.
Average Warrenton Tax Bill
$4,378
Average Fauquier County Tax Bill
$3,881
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Warrenton, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20186 | $1,259 | $2,634 | $3,822 | $5,144 | $6,393 |
| 20187 | $2,283 | $3,743 | $4,811 | $6,122 | $7,090 |
Source: Ownwell