Strasburg, Virginia Property Taxes
The median property tax rate in Strasburg, VA is 0.49%, significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With a median home value of $321,300 in Strasburg, the typical annual property tax bill amounts to $1,574, which is well below the national median of $2,690. Property taxes in Strasburg are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Strasburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Strasburg 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
Strasburg, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$1,574
Ownwell’s Strasburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Strasburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Strasburg 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 Strasburg, Virginia
Property taxes in Strasburg, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Strasburg is 0.49%, which is significantly lower than both the Virginia state median and the U.S. national median of 0.99%. Local government entities within Strasburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Strasburg 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 Strasburg's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 22657 has both the highest and lowest median property tax rate of 0.49%. Understanding how these cities compare with Strasburg provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Strasburg Tax Rate
0.49%
Average Warren County Tax Rate
0.49%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Strasburg, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22657 | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Strasburg, Virginia
In Strasburg, 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 local 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 Strasburg, 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 Strasburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Strasburg are both $1,574, found in zip code 22657.
Average Strasburg Assessed Value
$321,300
Average Warren County Assessed Value
$306,900
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Strasburg, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22657 | $148,190 | $243,125 | $321,300 | $432,825 | $553,880 |
Source: Ownwell
Property Tax Bills Across Strasburg, Virginia
In Strasburg, VA, property tax bills are calculated based on the assessed value of the property, which is determined by local government assessors. The median home price in Strasburg is $321,300. Property taxes are then applied to this assessed value using the local tax rate. For homeowners in Strasburg, the tax bill can vary significantly. The 25th percentile tax bill is $1,196, while the 75th percentile tax bill reaches $2,121, and the 90th percentile tax bill can be as high as $2,714. The property tax rate in Strasburg is influenced by the needs of the local government to fund public services such as schools, infrastructure, and emergency services. Homeowners in Strasburg should be aware that their property tax bills can impact their overall cost of homeownership, making it crucial to understand how these taxes are calculated and to stay informed about any changes in local tax rates or property assessments. Comparing these figures to the national median property tax rate of 0.99% provides a useful benchmark for understanding local tax burdens.
Average Strasburg Tax Bill
$1,574
Average Warren County Tax Bill
$1,507
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Strasburg, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22657 | $732 | $1,196 | $1,574 | $2,121 | $2,714 |
Source: Ownwell