Gore, Frederick County, Virginia Property Taxes
The median property tax rate in Gore, VA is 0.51%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Gore at $314,250, the typical annual property tax bill reaches $1,421, significantly below the national median of $2,690. Property taxes in Gore 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 Gore'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 Gore 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
Gore, Frederick County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$1,603
$1,487
Ownwell’s Gore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gore 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 Gore, Frederick County, Virginia
Property taxes in Gore, Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gore is 0.51%, which is lower than the U.S. national median of 0.99%. Local government entities within Gore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gore 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 Gore's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 22637 has the highest median property tax rate of 0.51%, while the zip code 22637 also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Gore 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 Gore 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 Gore, Frederick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22637 | 0.25% | 0.46% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Gore, Frederick County, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gore, Virginia. 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 Gore, 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. The median home price in Gore is $314,250, with tax bills ranging from $836 at the 25th percentile to $2,419 at the 90th percentile. In Gore, the zip code 22637 has both the highest and lowest median tax bill, valued at $1,421. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Gore, Frederick County, Virginia
Source: Ownwell
$216,300
$382,750
$549,200
Average Gore Assessed Value
$314,250
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 Gore, Frederick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22637 | $134,050 | $204,950 | $314,250 | $405,000 | $527,700 |
Source: Ownwell
Property Tax Bills Across Gore, Frederick County, Virginia
In Gore, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the property's market value. Homeowners in Frederick County, where Gore is located, can expect varying tax bills depending on several factors, including the assessed value of their property and the local tax rate. For instance, the median home price in Gore is $314,250. Property tax bills can range significantly; the 25th percentile tax bill is $836, while the 75th percentile reaches $1,906, and the 90th percentile goes up to $2,419. These tax bills are influenced by the local tax rate and the assessed property value, impacting homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, these figures illustrate how local variations can affect the financial responsibilities of property ownership. Understanding these factors helps homeowners in Gore anticipate and manage their property tax obligations effectively.
Average Gore Tax Bill
$1,421
Average Frederick County Tax Bill
$1,559
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Gore, Frederick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22637 | $496 | $836 | $1,421 | $1,906 | $2,419 |
Source: Ownwell