Star Tannery, Frederick County, Virginia Property Taxes
The median property tax rate in Star Tannery, 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 Star Tannery, the typical annual property tax bill reaches $1,183, significantly below the national median of $2,690. Property taxes in Star Tannery 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 Star Tannery'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 Star Tannery 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
Star Tannery, Frederick County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$1,500
$1,392
Ownwell’s STAR TANNERY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STAR TANNERY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STAR TANNERY 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 Star Tannery, Frederick County, Virginia
Property taxes in Star Tannery, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Star Tannery is 0.51%, lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Star Tannery set these rates annually, and they can vary significantly across different neighborhoods. Each year, Star Tannery 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 Star Tannery's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22654 zip code has both the highest and lowest median property tax rate of 0.51%. Understanding how these cities compare with Star Tannery 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 Star Tannery 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 Star Tannery, Frederick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22654 | 0.25% | 0.31% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Star Tannery, Frederick County, Virginia
In STAR TANNERY, 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. 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 STAR TANNERY 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 both stand at $1183, specifically in the 22654 zip code.
Property Tax Assessment Values Across Star Tannery, Frederick County, Virginia
Source: Ownwell
$216,300
$382,750
$549,200
Average Star Tannery Assessed Value
$294,200
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 Star Tannery, Frederick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22654 | $145,040 | $194,900 | $294,200 | $389,300 | $533,060 |
Source: Ownwell
Property Tax Bills Across Star Tannery, Frederick County, Virginia
In Star Tannery, VA, property tax bills are calculated based on the assessed value of a homeowner's property. The local tax authority evaluates the market value of the property, and then applies a tax rate to determine the annual tax bill. This assessed value is a critical factor as it reflects the property's worth in the current market conditions. Homeowners in Star Tannery can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $857, while at the 75th percentile, it rises to $1716. The highest tax bills, at the 90th percentile, can go up to $2239. These variations illustrate how property values and the applied tax rate impact the final amount homeowners owe. Compared to the national median property tax rate of 0.99%, Star Tannery's tax rates may seem more favorable, but the actual impact on homeowners depends on their property's assessed value. This system ensures that property taxes are proportionate to the value of the property, thereby affecting homeowners differently based on their property’s market value.
Average Star Tannery Tax Bill
$1,183
Average Frederick County Tax Bill
$1,559
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Star Tannery, Frederick County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22654 | $549 | $857 | $1,183 | $1,716 | $2,239 |
Source: Ownwell