Winchester, Winchester County, Virginia Property Taxes
Median Winchester, VA effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Winchester, VA home value: $292,400
Median annual Winchester, VA tax bill: $2,379, $21 lower than the national median property tax bill of $2,400.
How are property taxes in Winchester calculated?
Property taxes in Winchester, VA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Winchester’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Winchester, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Winchester, Winchester County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$2,427
$2,252
Property Tax Rates Across Winchester, Winchester County, Virginia
Local government entities determine property tax rates, which can differ significantly within a state. Each year, counties calculate their necessary budget to fund services and divide that by the total value of all taxable properties in their area. This process determines the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is the core of the annual procedure.
In Winchester, VA, the effective property tax rate is a key figure that homeowners should be aware of, especially when comparing it to other cities in Virginia and the national median. Winchester's tax rate is notably below the national median of 1.02%, offering a more favorable environment for property owners. While the national median property tax bill stands at $2,400, Winchester's property tax rate provides residents with a more manageable financial obligation. Understanding these comparisons helps property owners make informed decisions and potentially save on property taxes. Whether you're a current resident or considering a move, knowing how Winchester compares can be a significant factor in financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Winchester Tax Rate
0.83%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Winchester County Tax Rate
0.83%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Winchester, Winchester County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22601 | 0.65% | 0.83% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Winchester, Winchester County, Virginia
When examining property taxes in Winchester, VA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Winchester County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Winchester County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Winchester.
For example, the median home price in Winchester is $292,400, with tax bills ranging significantly across the county. The zip code 22601 has the highest median home price at $292,400.
Property Tax Assessment Values Across Winchester, Winchester County, Virginia
Source: Ownwell
$292,400
$292,400
$292,400
Median Winchester Market Value
$292,400
Median Winchester County Market Value
$292,400
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Winchester, Winchester County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22601 | $165,900 | $221,259 | $292,400 | $412,600 | $550,980 |
Source: Ownwell
Property Tax Bills Across Winchester, Winchester County, Virginia
Median Winchester Tax Bill
$2,379
Median Winchester County Tax Bill
$2,379
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Winchester, Winchester County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22601 | $1,218 | $1,759 | $2,379 | $3,391 | $4,510 |
Source: Ownwell