Manassas County, Virginia Property Taxes
The median property tax rate in Manassas is 1.26%, significantly higher than both the national median of 0.99% and Virginia's state median of 0.89%. With the median home value in Manassas at $388,500, the typical annual property tax bill reaches $4,900, which exceeds the national median of $2,690. Property taxes in Manassas are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Manassas's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Manassas or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Manassas County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$4,895
$4,543
Ownwell’s Manassas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Manassas with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Manassas to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Manassas County, Virginia
Property taxes in Manassas play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Manassas is 1.26%, which is higher than the U.S. national median of 0.99%. Local government entities within Manassas set these rates annually, and they can vary significantly between different areas within the county. Each year, Manassas estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Manassas's effective property tax rate with other counties and the national median. For comparison, the city of Manassas has one of the higher property tax rates in Virginia at 1.26%. Analyzing how Manassas's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Manassas County Tax Rate
1.26%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Manassas County, Virginia
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Manassas, Virginia. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Manassas Appraisal District. The assessed value, however, 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 Manassas are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Manassas will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Manassas has both the highest and lowest median tax bills in the region, each at $4,900, making it crucial for homeowners to stay informed.
Property Tax Assessment Values Across Manassas County, Virginia
Source: Ownwell
$388,500
$388,500
$388,500
Average Manassas County Assessed Value
$388,500
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Bills Across Manassas County, Virginia
In Manassas, VA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county's property assessor and reflects the market value of the property. Homeowners in Manassas can expect a median home price of $388,500. The tax rate is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the tax bill, including the home's location, size, and condition. In Manassas, the 25th percentile of tax bills is around $3,815, while the 75th percentile reaches $6,313. The top 10% of property tax bills can be as high as $7,282. Compared to the national median property tax rate of 0.99%, Manassas homeowners experience relatively high property tax bills, which can significantly impact their annual expenses. The highest and lowest median tax bills in Manassas are both $4,900, indicating a consistent property tax environment within the city.
Average Manassas County Tax Bill
$4,900
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690