Dumfries, Virginia Property Taxes
The median property tax rate in Dumfries, VA is 1.04%, which is higher than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Dumfries at $463,900, the typical annual property tax bill reaches $4,769, significantly exceeding the national median of $2,690. Property taxes in Dumfries 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 Dumfries' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Dumfries or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dumfries, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$4,825
Ownwell’s Dumfries Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dumfries with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dumfries 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 Dumfries, Virginia
Property taxes in Dumfries, Virginia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Dumfries is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Dumfries set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dumfries 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 Dumfries' effective property tax rate to other areas in Prince William County and the national median. For comparison, the zip code 22026 has the highest median property tax rate of 1.04%, while zip code 22025 has the lowest median tax rate of 1.04%. Understanding how these areas compare with Dumfries provides valuable insights into the varying tax landscape across Prince William County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dumfries Tax Rate
1.04%
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 Dumfries, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22025 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| 22026 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Dumfries, Virginia
In Dumfries, 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 Prince William 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 Dumfries, 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. The zip code with the highest median tax bill is 22026 at $4,879, while the lowest is 22025 at $4,732. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dumfries Assessed Value
$463,900
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 Dumfries, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22025 | $347,500 | $390,850 | $457,700 | $534,100 | $625,200 |
| 22026 | $285,000 | $341,600 | $480,500 | $593,250 | $728,500 |
Source: Ownwell
Property Tax Bills Across Dumfries, Virginia
In Dumfries, located in Prince William County, VA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county's tax assessor and reflects the estimated market value of the property. Homeowners in Dumfries can expect their property tax bills to vary significantly depending on the assessed value of their homes. Factors considered in determining the tax bill include the property's size, location, and any improvements made. For instance, the median home price in Dumfries is $463,900, which serves as a baseline for many tax assessments. Tax bills can range widely, with the 25th percentile at $3,801 and the 75th percentile at $5,851, showing considerable variability. Compared to the national median property tax rate of 0.99%, Dumfries homeowners face relatively high property tax bills. This can significantly impact homeowners, influencing their overall housing costs and potentially affecting their financial planning and stability. The highest median tax bill in the area is $4,879, specifically in the 22026 zip code, while the lowest is $4,732 in the 22025 zip code.
Average Dumfries Tax Bill
$4,769
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 Dumfries, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22025 | $3,585 | $4,005 | $4,732 | $5,509 | $6,473 |
| 22026 | $2,926 | $3,513 | $4,879 | $6,073 | $7,327 |
Source: Ownwell