Stafford, Virginia Property Taxes
The median property tax rate in Stafford, VA is 0.95%, slightly lower than the national median of 0.99% but higher than the Virginia state median of 0.89%. With the median home value in Stafford at $402,600, the typical annual property tax bill reaches $3,693, surpassing the national median of $2,690. Property taxes in Stafford 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 Stafford'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 Stafford 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
Stafford, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$3,825
Ownwell's Stafford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stafford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stafford 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 Stafford, Virginia
Property taxes in Stafford, Virginia, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Stafford is 0.95%, slightly lower than the U.S. national median of 0.99%. Local government entities within Stafford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stafford 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 Stafford's effective property tax rate to other counties in Virginia and the national median. For comparison, the 22554 zip code has the highest median property tax rate of 0.95%, while the same zip code has the lowest median tax rate of 0.95%. Understanding how these cities compare with Stafford provides valuable insights into the varying tax landscape across Stafford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stafford Tax Rate
0.95%
Average Stafford County Tax Rate
0.95%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stafford, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22554 | 0.94% | 0.94% | 0.95% | 0.95% | 0.95% |
| 22556 | 0.94% | 0.94% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Stafford, Virginia
In Stafford, 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 Stafford 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 Stafford, 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 22554 has the highest median tax bill at $3,771, while zip code 22556 has the lowest at $3,526. Being aware of these valuation processes in Stafford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stafford Assessed Value
$402,600
Average Stafford County Assessed Value
$386,400
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stafford, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22554 | $258,900 | $332,325 | $410,700 | $517,875 | $614,610 |
| 22556 | $237,500 | $310,200 | $381,400 | $484,700 | $660,100 |
Source: Ownwell
Property Tax Bills Across Stafford, Virginia
In Stafford, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's assessment office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $402,600, homeowners can expect their property tax bills to vary. The tax bill in Stafford ranges significantly, with the 25th percentile at $2,929 and the 75th percentile reaching $4,643. The 90th percentile can see tax bills as high as $5,716. The highest median tax bill is $3,771 in the 22554 zip code, while the lowest is $3,526 in the 22556 zip code. These property taxes impact homeowners by influencing the overall cost of owning a home. Higher property taxes can increase monthly mortgage payments if taxes are escrowed, affecting affordability. Comparatively, the national median property tax rate is 0.99%, making Stafford's property taxes relatively moderate.
Average Stafford Tax Bill
$3,693
Average Stafford County Tax Bill
$3,534
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Stafford, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22554 | $2,263 | $2,988 | $3,771 | $4,735 | $5,651 |
| 22556 | $1,996 | $2,828 | $3,526 | $4,375 | $5,957 |
Source: Ownwell