Earlysville, Virginia Property Taxes
The median property tax rate in Earlysville, VA is 0.73%, which is lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Earlysville at $253,000, the typical annual property tax bill amounts to $1,847, falling below the national median of $2,690. Property taxes in Earlysville are calculated based on the tax-assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Earlysville'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 Earlysville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Earlysville, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,847
$1,714
Ownwell’s Earlysville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Earlysville with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Earlysville to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, localized information is available by scrolling down. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Earlysville, Virginia
Property taxes in Earlysville, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Earlysville is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Earlysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Earlysville 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 Earlysville's effective property tax rate to other areas in Greene County and the national median. For comparison, the zip code 22936 has the highest median property tax rate of 0.73%, which is the same as the lowest median tax rate in the same zip code. Understanding how these cities compare with Earlysville provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Earlysville Tax Rate
0.73%
Average Greene County Tax Rate
0.73%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Earlysville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22936 | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Earlysville, Virginia
In Earlysville, 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 Greene 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 Earlysville, 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 Earlysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Earlysville are both $1847, with the zip code 22936.
Average Earlysville Assessed Value
$253,000
Average Greene County Assessed Value
$237,700
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Earlysville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22936 | $253,000 | $253,000 | $253,000 | $253,000 | $253,000 |
Source: Ownwell
Property Tax Bills Across Earlysville, Virginia
In Earlysville, VA, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $253,000, homeowners can expect a tax bill around $1,847, which is consistent across various percentiles, indicating a stable tax rate in the area. Factors influencing the tax bill include the property's assessed value, which is periodically evaluated by local authorities, and the local tax rate set by the governing body. These assessments consider the property's market value, improvements, and any applicable exemptions. Homeowners in Earlysville benefit from a relatively moderate property tax rate compared to the national median property tax rate of 0.99%. This stability in tax bills provides a predictable financial outlook, making it easier for homeowners to budget for their annual expenses.
Average Earlysville Tax Bill
$1,847
Average Greene County Tax Bill
$1,688
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Earlysville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22936 | $1,847 | $1,847 | $1,847 | $1,847 | $1,847 |
Source: Ownwell