Ashburn, Virginia Property Taxes
The median property tax rate in Ashburn, VA is 0.88%, slightly lower than the Virginia state median of 0.89% but still below the national median of 0.99%. With a median home value of $689,360, the typical annual property tax bill in Ashburn reaches $6,201, significantly higher than the national median of $2,690. Property taxes in Ashburn are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Ashburn'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 Ashburn or another part of Loudoun County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ashburn, Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$1,780
Ownwell’s Ashburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashburn 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 Ashburn, Virginia
Property taxes in Ashburn, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashburn is 0.88%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Ashburn set these rates annually, and they can vary across different neighborhoods. Each year, Ashburn 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 Ashburn's effective property tax rate to other areas in Loudoun County and the national median. For comparison, the zip code 20148 has the highest median property tax rate of 0.88%, while zip code 20147 has the lowest median tax rate of 0.88%. Understanding how these areas compare with Ashburn provides valuable insights into the varying tax landscape across Loudoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashburn Tax Rate
0.88%
Average Loudoun County Tax Rate
0.88%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashburn, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20147 | 0.87% | 0.88% | 0.88% | 0.88% | 0.88% |
| 20148 | 0.87% | 0.88% | 0.88% | 0.88% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Ashburn, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ashburn, 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 Loudoun 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. For example, in Ashburn, the zip code with the highest median tax bill is 20148 at $7,332, while the lowest is 20147 at $5,548. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ashburn Assessed Value
$689,360
Average Loudoun County Assessed Value
$662,650
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashburn, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20147 | $406,790 | $499,510 | $633,020 | $810,350 | $954,880 |
| 20148 | $466,650 | $608,540 | $774,035 | $997,352 | $1,281,068 |
Source: Ownwell
Property Tax Bills Across Ashburn, Virginia
In Ashburn, located in Loudoun County, VA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. For example, the median home price in Ashburn is $689,360. The local tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including property size, location, and any improvements made to the home. Homeowners in Ashburn can expect varying tax bills, with the 25th percentile at $4,611 and the 75th percentile at $7,647. The 90th percentile tax bill can go up to $9,444. Compared to the national median property tax rate of 0.99%, Ashburn homeowners often face higher tax bills. The highest median tax bill in the area is $7,332 in the 20148 zip code, while the lowest is $5,548 in the 20147 zip code. These property taxes significantly impact homeowners by influencing overall housing affordability and annual financial planning.
Average Ashburn Tax Bill
$6,201
Average Loudoun County Tax Bill
$5,811
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashburn, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20147 | $3,581 | $4,376 | $5,548 | $7,092 | $8,359 |
| 20148 | $4,119 | $5,466 | $7,332 | $8,901 | $11,232 |
Source: Ownwell