Clear Brook, Frederick County, Virginia Property Taxes
The median property tax rate in Clear Brook, VA is 0.51%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Clear Brook at $346,100, the typical annual property tax bill comes to $1,605, well below the national median of $2,690. Property taxes in Clear Brook are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Clear Brook's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Clear Brook or another part of Frederick County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clear Brook, Frederick County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$1,765
$1,638
Ownwell’s Clear Brook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clear Brook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clear Brook 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 Clear Brook, Frederick County, Virginia
Property taxes in Clear Brook, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clear Brook is 0.51%, which is significantly lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Clear Brook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clear Brook 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 Clear Brook's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 22624 has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these areas compare with Clear Brook provides valuable insights into the varying tax landscape across Frederick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clear Brook Tax Rate
0.51%
Average Frederick County Tax Rate
0.51%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clear Brook, Frederick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22624 | 0.26% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Clear Brook, Frederick County, Virginia
In Clear Brook, 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 Frederick 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 Clear Brook, 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 Clear Brook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,605, found in the 22624 zip code.
Property Tax Assessment Values Across Clear Brook, Frederick County, Virginia
Source: Ownwell
$216,300
$382,750
$549,200
Average Clear Brook Assessed Value
$346,100
Average Frederick County Assessed Value
$318,600
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clear Brook, Frederick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22624 | $180,780 | $242,150 | $346,100 | $467,850 | $611,440 |
Source: Ownwell
Property Tax Bills Across Clear Brook, Frederick County, Virginia
In Clear Brook, Frederick County, VA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local tax assessors who evaluate the property's market value. The property tax rate is then applied to this assessed value to calculate the annual tax bill. For example, with a median home price of $346,100, homeowners can expect varying tax bills. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. In Clear Brook, the tax bill at the 25th percentile stands at $1,093, while at the 75th percentile, it rises to $2,219. Homeowners in the 90th percentile may see tax bills as high as $2,953. These taxes fund essential local services, including schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, Clear Brook's tax rates reflect the community's specific needs and property values, impacting homeowners' annual financial planning and long-term investment in their properties.
Average Clear Brook Tax Bill
$1,605
Average Frederick County Tax Bill
$1,559
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Clear Brook, Frederick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22624 | $764 | $1,093 | $1,605 | $2,219 | $2,953 |
Source: Ownwell