Cross Junction, Frederick County, Virginia Property Taxes
The median property tax rate in Cross Junction, VA is 0.63%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Cross Junction at $327,050, the typical annual property tax bill amounts to $2,049, which is below the national median of $2,690. Property taxes in Cross Junction are determined based on the tax assessed value, which generally falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Cross Junction'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 Cross Junction or another part of Frederick County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cross Junction, Frederick County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$2,060
$1,912
Ownwell’s Cross Junction Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cross Junction with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cross Junction 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 Cross Junction, Frederick County, Virginia
Property taxes in Cross Junction, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cross Junction is 0.63%, lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Cross Junction set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cross Junction 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 Cross Junction's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22625 zip code has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Cross Junction 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 Cross Junction Tax Rate
0.63%
Average Frederick County Tax Rate
0.51%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cross Junction, Frederick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22625 | 0.31% | 0.51% | 0.63% | 0.73% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Cross Junction, Frederick County, Virginia
In Cross Junction, 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 Cross Junction, 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 Cross Junction is $327,050, with tax bills ranging from $1,520 at the 25th percentile to $2,922 at the 90th percentile. The zip code with the highest and lowest median tax bill is 22625, both valued at $2,049. 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 Cross Junction helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Cross Junction, Frederick County, Virginia
Source: Ownwell
$216,300
$382,750
$549,200
Average Cross Junction Assessed Value
$327,050
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 Cross Junction, Frederick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22625 | $209,500 | $263,650 | $327,050 | $413,675 | $523,050 |
Source: Ownwell
Property Tax Bills Across Cross Junction, Frederick County, Virginia
In Cross Junction, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Cross Junction, located in Frederick County, the median home price is $327,050. Factors such as the property's size, location, and any improvements made can influence the assessed value. Homeowners in the area can expect tax bills that vary significantly; the 25th percentile tax bill is around $1,520, while the 75th percentile reaches $2,454. At the higher end, the 90th percentile tax bill is approximately $2,922. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. These property taxes are essential for funding public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Property Tax Bills Across Cross Junction, Frederick County, Virginia
Source: Ownwell
$1,054
$1,792
$2,530
Average Cross Junction Tax Bill
$2,049
Average Frederick County Tax Bill
$1,559
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Cross Junction, Frederick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22625 | $903 | $1,520 | $2,049 | $2,454 | $2,922 |
Source: Ownwell