Manassas Park County, Virginia Property Taxes
The median property tax rate in Manassas Park is 1.42%, significantly higher than both the national median of 0.99% and Virginia's state median of 0.89%. With a median home value of $364,600, the typical annual property tax bill in Manassas Park reaches $5,097, far exceeding the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like primary residence and agricultural exemptions. Understanding Manassas Park'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 Park 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 Park County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$5,177
$4,804
Ownwell’s Manassas Park Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Manassas Park with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Manassas Park to provide an accurate estimate of your property tax bill. This tool helps you understand potential tax liabilities, making it easier to plan your finances. For more localized information, scroll down to explore city-level trends. Your property’s assessed value is determined by the county for tax purposes and includes any exemptions you may qualify for.
Property Tax Rates Across Manassas Park County, Virginia
Property taxes in Manassas Park play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Manassas Park is 1.42%, which is higher than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Manassas Park set these rates annually, and they can vary significantly between different areas within the county. Each year, Manassas Park 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 Park's effective property tax rate with other counties in Virginia and the national median. For comparison, the city of Manassas Park has one of the higher property tax rates in Virginia at 1.41%. Analyzing how Manassas Park's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Manassas Park County Tax Rate
1.42%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Manassas Park County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Manassas | N/A | N/A | N/A | N/A | N/A |
| Manassas Park | 1.33% | 1.35% | 1.41% | 1.45% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Manassas Park County, Virginia
In Manassas Park, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Park 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 Park 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 Park will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. The city with both the highest and lowest median tax bills is Manassas Park, with a median tax bill of $5,099.
Property Tax Assessment Values Across Manassas Park County, Virginia
Source: Ownwell
$364,650
$364,650
$364,650
Average Manassas Park County Assessed Value
$364,600
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Manassas Park County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Manassas | N/A | N/A | N/A | N/A | N/A |
| Manassas Park | $268,270 | $300,800 | $364,650 | $451,900 | $551,810 |
Source: Ownwell
Property Tax Bills Across Manassas Park County, Virginia
In Manassas Park, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local government. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $364,600, homeowners can expect to pay a significant amount in property taxes, given the higher tax bills observed in the area. Several factors influence the tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. The tax bill in Manassas Park ranges widely, with the 25th percentile at $4,271 and the 75th percentile at $6,294. At the 90th percentile, it reaches $7,691. This variation can significantly impact homeowners, potentially making it challenging to budget for property taxes, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their property tax obligations.
Average Manassas Park County Tax Bill
$5,097
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Manassas Park County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Manassas | N/A | N/A | N/A | N/A | N/A |
| Manassas Park | $3,576 | $4,271 | $5,099 | $6,296 | $7,692 |
Source: Ownwell