Hague, Virginia Property Taxes
The median property tax rate in Hague, VA is 0.62%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Hague at $21,700, the typical annual property tax bill is $129, significantly below the national median of $2,690. Property taxes in Hague 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 Hague'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 Hague or another part of Westmoreland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hague, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$135
Ownwell’s Hague Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hague with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hague 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 Hague, Virginia
Property taxes in Hague, Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hague is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Hague set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hague 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 Hague's effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 22469 has both the highest and lowest median property tax rate of 0.62%. Understanding how these areas compare with Hague provides valuable insights into the varying tax landscape across Westmoreland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hague Tax Rate
0.62%
Average Westmoreland County Tax Rate
0.62%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hague, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22469 | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Hague, Virginia
In Hague, 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 Westmoreland 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 Hague, 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 Hague helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 22469, with a median tax bill of $129.
Average Hague Assessed Value
$21,700
Average Westmoreland County Assessed Value
$52,550
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hague, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22469 | $3,800 | $4,200 | $21,700 | $131,700 | $324,570 |
Source: Ownwell
Property Tax Bills Across Hague, Virginia
In Hague, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Hague is $21,700, and the tax rate is applied to this assessed value to determine the tax bill. Factors such as the property's location, size, and condition play a role in the assessment process. For example, the tax bills in Hague range significantly, with the 25th percentile at $26 and the 75th percentile at $804, highlighting the variability based on these factors. Homeowners in Hague can expect their property tax bills to be influenced by the local tax rate and the assessed value of their property. Compared to the national median property tax rate of 0.99%, Hague's property taxes can be relatively low, providing some financial relief to homeowners. However, those with more valuable properties may see higher tax bills, with the 90th percentile reaching up to $1,992. This variability underscores the importance of understanding how local assessments and tax rates impact overall property tax obligations.
Average Hague Tax Bill
$129
Average Westmoreland County Tax Bill
$310
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Hague, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22469 | $24 | $26 | $129 | $804 | $1,992 |
Source: Ownwell