Stanley, Virginia Property Taxes
The median property tax rate in Stanley, VA is 0.73%, notably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Stanley at $151,000, the typical annual property tax bill amounts to $1,050, which is below the national median of $2,690. Property taxes in Stanley are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Stanley'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 Stanley or another part of Page County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stanley, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,102
$1,023
Ownwell’s Stanley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stanley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanley 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 Stanley, Virginia
Property taxes in Stanley, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanley is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Stanley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanley 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 Stanley's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 22851 has both the highest and lowest median property tax rate of 0.73%, highlighting a uniform tax landscape within Stanley. Understanding how these cities compare with Stanley provides valuable insights into the varying tax landscape across Page County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanley Tax Rate
0.73%
Average Page County Tax Rate
0.73%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanley, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22851 | 0.67% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Stanley, Virginia
In Stanley, 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 Page 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 Stanley, 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 Stanley is $151,000, with tax bills ranging from $654 at the 25th percentile to $2,100 at the 90th percentile. Notably, the highest and lowest median tax bills are both $1,050 in the 22851 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stanley Assessed Value
$151,000
Average Page County Assessed Value
$161,600
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanley, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22851 | $47,100 | $96,300 | $151,000 | $217,700 | $301,400 |
Source: Ownwell
Property Tax Bills Across Stanley, Virginia
Property tax bills in Stanley, located in Page County, VA, are determined by assessing the market value of a property and applying the local tax rate to that value. The assessed value is an estimate of what a property would sell for on the open market. Various factors such as the home's location, size, age, and condition can influence this valuation. Once the market value is assessed, the local tax rate is applied to calculate the annual tax bill. For instance, with a median home price of $151,000, homeowners in Stanley can expect a tax bill that varies significantly. The 25th percentile tax bill is around $654, while those at the 75th percentile see bills closer to $1,551. At the 90th percentile, tax bills can reach up to $2,100. Comparatively, the national median property tax rate is 0.99%, which provides a useful benchmark for understanding local tax burdens. These property taxes fund essential community services, impacting homeowners by contributing to public amenities and infrastructure.
Average Stanley Tax Bill
$1,050
Average Page County Tax Bill
$1,133
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanley, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22851 | $299 | $654 | $1,050 | $1,551 | $2,100 |
Source: Ownwell