Prince William County, Virginia Property Taxes
The median property tax rate in Prince William is 1.04%, which is significantly higher than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Prince William at $464,800, the typical annual property tax bill reaches $4,796, exceeding the national median of $2,690. Property taxes in Prince William 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 Prince William'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 Prince William, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Prince William County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$4,834
$4,486
Ownwell’s Prince William Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Prince William with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Prince William 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 Prince William County, Virginia
Property taxes in Prince William County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Prince William County is 1.04%, which is higher than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Prince William County set these rates annually, and they can vary significantly between different areas within the county. Each year, Prince William County 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 Prince William County's effective property tax rate with other counties in Virginia and the national median. For comparison, the city of Warrenton has one of the higher property tax rates in Virginia at 1.04%, while the city of Quantico boasts one of the lowest at 0.97%. Analyzing how Prince William County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Prince William County Tax Rate
1.04%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Prince William County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bristow | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| Broad Run | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| Catharpin | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| Catlett | 0.30% | 0.82% | 1.04% | 1.04% | 1.04% |
| Dumfries | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| Gainesville | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| Haymarket | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| Manassas | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| Manassas Park | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| Nokesville | 0.92% | 1.04% | 1.04% | 1.04% | 1.04% |
| Occoquan | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| Quantico | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% |
| Triangle | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| Warrenton | N/A | N/A | N/A | N/A | N/A |
| Woodbridge | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Prince William County, Virginia
In Prince William County, 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 Prince William County 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 Prince William County 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. For instance, the highest median tax bill in the county is in Warrenton at $8,993, while Quantico has the lowest at $2,233. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Prince William County, Virginia
Source: Ownwell
$231,600
$495,950
$760,300
Average Prince William County Assessed Value
$464,800
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Prince William County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bristow | $405,900 | $460,000 | $589,800 | $662,800 | $714,760 |
| Broad Run | $270,700 | $374,400 | $500,400 | $678,100 | $910,800 |
| Catharpin | $441,600 | $574,900 | $760,300 | $1,077,900 | $1,255,320 |
| Catlett | $250,800 | $423,400 | $641,350 | $854,975 | $1,133,850 |
| Dumfries | $314,600 | $368,100 | $463,900 | $568,200 | $666,700 |
| Gainesville | $398,600 | $477,850 | $608,300 | $715,200 | $839,500 |
| Haymarket | $402,800 | $535,225 | $677,500 | $828,800 | $1,007,780 |
| Manassas | $275,300 | $354,400 | $451,250 | $589,700 | $707,300 |
| Manassas Park | $307,440 | $379,975 | $603,050 | $622,800 | $659,370 |
| Nokesville | $352,040 | $449,200 | $599,400 | $809,850 | $1,008,420 |
| Occoquan | $394,800 | $416,000 | $470,800 | $548,700 | $704,440 |
| Quantico | $149,940 | $179,300 | $231,600 | $298,000 | $364,940 |
| Triangle | $236,040 | $303,050 | $425,100 | $585,650 | $664,320 |
| Warrenton | N/A | N/A | N/A | N/A | N/A |
| Woodbridge | $305,300 | $346,400 | $406,000 | $525,000 | $637,300 |
Source: Ownwell
Property Tax Bills Across Prince William County, Virginia
In Prince William County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in the county is $464,800. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax amount. Homeowners in Prince William County experience a range of tax bills. The 25th percentile tax bill is $3,793, while the 75th percentile reaches $6,339, and at the 90th percentile, it can go up to $7,591. The highest median tax bill in the county is $8,993 in Warrenton, whereas Quantico has the lowest median tax bill at $2,233. Compared to the national median property tax rate of 0.99%, Prince William County's tax bills can be significantly higher, impacting homeowners' annual expenses.
Average Prince William County Tax Bill
$4,796
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Prince William County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bristow | $4,205 | $4,757 | $6,117 | $6,885 | $7,425 |
| Broad Run | $2,140 | $3,549 | $4,923 | $6,734 | $9,480 |
| Catharpin | $4,151 | $5,671 | $7,548 | $10,827 | $12,708 |
| Catlett | $1,900 | $2,618 | $5,222 | $7,531 | $8,962 |
| Dumfries | $3,227 | $3,801 | $4,769 | $5,851 | $6,821 |
| Gainesville | $4,100 | $4,946 | $6,312 | $7,431 | $8,712 |
| Haymarket | $4,173 | $5,553 | $7,019 | $8,593 | $10,417 |
| Manassas | $2,811 | $3,624 | $4,653 | $6,065 | $7,299 |
| Manassas Park | $3,174 | $3,956 | $6,310 | $6,474 | $6,857 |
| Nokesville | $3,184 | $4,379 | $5,926 | $8,001 | $9,963 |
| Occoquan | $4,108 | $4,316 | $4,876 | $5,699 | $7,377 |
| Quantico | $1,440 | $1,729 | $2,233 | $2,772 | $3,427 |
| Triangle | $2,320 | $3,090 | $4,234 | $6,033 | $6,826 |
| Warrenton | N/A | N/A | N/A | N/A | N/A |
| Woodbridge | $3,133 | $3,582 | $4,196 | $5,391 | $6,575 |
Source: Ownwell