Unionville, Virginia Property Taxes
The median property tax rate in Unionville, VA is 0.77%, lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $224,850 in Unionville, the typical annual property tax bill amounts to $1,750, which is significantly below the national median of $2,690. Property taxes in Unionville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Unionville'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 Unionville 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
Unionville, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$1,731
Ownwell’s Unionville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Unionville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Unionville 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 Unionville, Virginia
Property taxes in Unionville, Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Unionville is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Unionville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Unionville 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 Unionville's effective property tax rate to other regions and the national median. For comparison, the zip code 22567 has both the highest and lowest median property tax rate of 0.77%. Understanding how these areas compare with Unionville 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 Unionville Tax Rate
0.77%
Average Orange County Tax Rate
0.76%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Unionville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22567 | 0.75% | 0.75% | 0.77% | 0.80% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Unionville, Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Unionville, 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 Orange County 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 Unionville, 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 instance, the median home price in Unionville is $224,850, with tax bills ranging from $1,310 at the 25th percentile to $3,224 at the 90th percentile. Interestingly, the zip code 22567 has both the highest and lowest median tax bills at $1,750. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Unionville Assessed Value
$224,850
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 Unionville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22567 | $127,600 | $168,525 | $224,850 | $299,475 | $409,400 |
Source: Ownwell
Property Tax Bills Across Unionville, Virginia
In Unionville, located in Orange County, VA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor's office and is meant to reflect the market value of the property. Homeowners in Unionville can expect their tax bills to vary widely based on this assessed value. For instance, the tax bill at the 25th percentile is approximately $1,310, while at the 75th percentile, it rises to around $2,347. At the 90th percentile, it can reach as high as $3,224. These tax bills are influenced by several factors, including the property's location, size, and any improvements made. The median home price in Unionville stands at $224,850, which provides a benchmark for understanding these tax amounts. Comparing this to the national median property tax rate of 0.99%, Unionville homeowners experience a relatively moderate property tax burden. This variability in tax bills can significantly impact homeowners' financial planning and the overall affordability of living in Unionville.
Average Unionville Tax Bill
$1,750
Average Orange County Tax Bill
$1,781
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Unionville, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22567 | $983 | $1,310 | $1,750 | $2,347 | $3,224 |
Source: Ownwell