Schuyler, Albemarle County, Virginia Property Taxes
- Median Schuyler, VA effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
- Median Schuyler, VA home value: $225,800
- Median annual Schuyler, VA tax bill: $1,868, $532 lower than the national median property tax bill of $2,400.
How are property taxes in Albemarle calculated?
Property taxes in Schuyler, 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 Schuyler’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Schuyler, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Schuyler, Albemarle County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$2,181
$2,024
Property Tax Rates Across Schuyler, Albemarle County, Virginia
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Schuyler’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
In Schuyler, located in Albemarle County, the effective property tax rate stands at 0.85%, aligning with the county's median. This rate is noticeably lower than the national median property tax rate of 1.02%. Consequently, property owners in Schuyler benefit from lower tax bills compared to the national median bill of $2400. This favorable tax environment can make Schuyler an attractive location for property ownership, offering potential savings on annual tax expenses. Whether you're a current property owner or considering a move, understanding these local tax dynamics can be crucial 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 Schuyler Tax Rate
0.85%
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 Albemarle County Tax Rate
0.85%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Schuyler, Albemarle County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22969 | 0.67% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Schuyler, Albemarle County, Virginia
When examining property taxes in Schuyler, Virginia, 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 Albemarle 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 tax 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 Albemarle 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 Schuyler.
For example, the median home price in Schuyler is $225,800, with tax bills ranging significantly across the county. Zip code 22969 has the highest median home price at $225,800.
Property Tax Assessment Values Across Schuyler, Albemarle County, Virginia
Source: Ownwell
$207,500
$483,000
$758,500
Median Schuyler Market Value
$256,550
Median Albemarle County Market Value
$451,350
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Schuyler, Albemarle County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22969 | $110,520 | $190,375 | $256,550 | $415,925 | $598,860 |
Source: Ownwell
Property Tax Bills Across Schuyler, Albemarle County, Virginia
Median Schuyler Tax Bill
$2,196
Median Albemarle County Tax Bill
$3,925
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Schuyler, Albemarle County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22969 | $1,218 | $1,737 | $2,196 | $3,525 | $4,846 |
Source: Ownwell