White Post, Virginia Property Taxes
The median property tax rate in White Post, 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 White Post at $347,900, the typical annual property tax bill reaches $1,689, well below the national median of $2,690. Property taxes in White Post are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding White Post'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 White Post 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
White Post, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$1,774
Ownwell’s White Post Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in White Post with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Post 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 White Post, Virginia
Property taxes in White Post, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in White Post 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 White Post set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Post 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 White Post's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 22663 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 cities compare with White Post 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 White Post 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 White Post, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22663 | 0.25% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across White Post, Virginia
In White Post, 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 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 in White Post 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 White Post helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in White Post is $347,900, with the 25th percentile tax bill at $992 and the 75th percentile tax bill at $1,821. The highest and lowest median tax bills are both $1,689 in the 22663 zip code.
Average White Post Assessed Value
$347,900
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 White Post, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22663 | $183,060 | $263,350 | $347,900 | $359,650 | $445,820 |
Source: Ownwell
Property Tax Bills Across White Post, Virginia
In White Post, located in Frederick County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The median home price in White Post is $347,900. The property tax rate in this area is applied to the assessed value to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in White Post can expect their tax bills to vary. For instance, the tax bill at the 25th percentile is around $992, while the 75th percentile reaches approximately $1,821. At the 90th percentile, homeowners may see tax bills as high as $2,106. Compared to the national median property tax rate of 0.99%, White Post's tax rates reflect the local economic conditions and property values. These property taxes contribute to essential community services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average White Post Tax Bill
$1,689
Average Frederick County Tax Bill
$1,559
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across White Post, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22663 | $744 | $992 | $1,689 | $1,821 | $2,106 |
Source: Ownwell