Barboursville, Orange County, Virginia Property Taxes
The median property tax rate in Barboursville, VA is 0.76%, which is notably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Barboursville being $241,300, the typical annual property tax bill amounts to $1,897, which is also below the national median of $2,690. Property taxes in Barboursville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Barboursville'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 Barboursville or another part of Orange County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Barboursville, Orange County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$1,834
$1,702
Ownwell’s Barboursville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barboursville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barboursville 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 Barboursville, Orange County, Virginia
Property taxes in Barboursville, Virginia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Barboursville is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Barboursville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barboursville 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 Barboursville's effective property tax rate to other areas in Virginia and the national median. For comparison, the zip code 22923 has both the highest and lowest median property tax rate of 0.76%. Understanding how these areas compare with Barboursville provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barboursville Tax Rate
0.76%
Average Orange County Tax Rate
0.76%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barboursville, Orange County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22923 | 0.75% | 0.75% | 0.76% | 0.80% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Barboursville, Orange County, Virginia
In Barboursville, 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 Orange 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 Barboursville, 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 Barboursville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 22923 has both the highest and lowest median tax bill, valued at $1,897, which is below the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Barboursville, Orange County, Virginia
Source: Ownwell
$183,600
$266,950
$350,300
Average Barboursville Assessed Value
$241,300
Average Orange County Assessed Value
$231,900
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barboursville, Orange County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22923 | $129,310 | $170,400 | $241,300 | $333,700 | $489,000 |
Source: Ownwell
Property Tax Bills Across Barboursville, Orange County, Virginia
In Barboursville, 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, who evaluates the property’s market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Barboursville, the tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,346, while the 75th percentile tax bill is $2,654, and the 90th percentile tax bill can reach up to $3,910. These figures reflect the range of property values and the corresponding tax burdens on homeowners. Compared to the national median property tax rate of 0.99%, Barboursville's tax bills can be relatively high, impacting homeowners' annual expenses significantly. Understanding these factors is crucial for homeowners to budget effectively and anticipate their yearly financial obligations.
Average Barboursville Tax Bill
$1,897
Average Orange County Tax Bill
$1,781
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Barboursville, Orange County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22923 | $995 | $1,346 | $1,897 | $2,654 | $3,910 |
Source: Ownwell