Manassas, Virginia Property Taxes
The median property tax rate in Manassas, 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 Manassas at $451,250, the typical annual property tax bill reaches $4,653, surpassing the national median of $2,690. Property taxes in Manassas are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Manassas'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 Manassas 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
Manassas, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$4,693
Ownwell’s Manassas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manassas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manassas 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 Manassas, Virginia
Property taxes in Manassas, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Manassas is 1.04%, higher than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Manassas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Manassas 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 Manassas's effective property tax rate to other counties in Virginia and the national median. For comparison, the 20112 zip code has the highest median property tax rate of 1.04%, while the 20109 zip code has the lowest median tax rate of 1.04%. Understanding how these areas compare with Manassas 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 Manassas 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 Manassas, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20109 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| 20110 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| 20111 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| 20112 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Manassas, Virginia
In Manassas, 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 Manassas, 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 Manassas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is in zip code 20112, with a value of $5,943, while the lowest median tax bill is in zip code 20109, at $3,729.
Average Manassas Assessed Value
$451,250
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 Manassas, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20109 | $261,000 | $290,900 | $359,000 | $417,075 | $487,120 |
| 20110 | $354,520 | $409,500 | $498,700 | $567,950 | $655,740 |
| 20111 | $268,310 | $360,225 | $452,700 | $577,300 | $693,460 |
| 20112 | $386,500 | $474,700 | $579,300 | $682,200 | $773,900 |
Source: Ownwell
Property Tax Bills Across Manassas, Virginia
Property tax bills in Manassas, located in Prince William County, VA, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property’s market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Manassas, the median home price stands at $451,250, which serves as a benchmark for tax calculations. Several factors influence the final tax bill, including property size, location, and any improvements made. Homeowners in Manassas can expect their tax bills to vary widely. For instance, tax bills range from the 25th percentile at $3,624 to the 75th percentile at $6,065, with the 90th percentile reaching up to $7,299. Comparatively, the zip code 20112 has the highest median tax bill at $5,943, while the zip code 20109 has the lowest at $3,729. Understanding these factors is crucial for homeowners, as property taxes significantly impact annual household expenses.
Average Manassas Tax Bill
$4,653
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 Manassas, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20109 | $2,715 | $3,022 | $3,729 | $4,334 | $5,066 |
| 20110 | $3,677 | $4,261 | $5,188 | $5,883 | $6,791 |
| 20111 | $2,679 | $3,701 | $4,682 | $5,970 | $7,153 |
| 20112 | $3,870 | $4,881 | $5,943 | $7,032 | $7,969 |
Source: Ownwell