Boyce, Clarke County, Virginia Property Taxes
Median Boyce, VA effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Boyce, VA home value: $346,900
Median annual Boyce, VA tax bill: $2,024, $376 lower than the national median property tax bill of $2,400.
How are property taxes in Clarke County calculated?
Property taxes in Boyce, 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 Boyce’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Boyce, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Boyce, Clarke County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$2,081
$1,931
Property Tax Rates Across Boyce, Clarke County, Virginia
Local government entities in Virginia, like elsewhere, set tax rates that can differ significantly within the state. This variation is due to each county's annual budgetary needs, which are determined by estimating the required budget for services and dividing it by the total value of all taxable property in the area. This calculation results in the property tax rate. While votes and laws influence these rates and budgets, this process essentially governs the annual determination.
In Boyce, located in Clarke County, the effective property tax rate stands at 0.60%, which is consistent with both the highest and lowest median tax rates in this area. This rate is notably lower than the national median property tax rate of 1.02%. When compared to the U.S. median property tax bill of $2400, Boyce's rate suggests a more favorable tax environment for property owners. This comparison highlights how Boyce's property tax rates can be an attractive factor for potential homeowners considering relocation or investment in Virginia.
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 Boyce Tax Rate
0.60%
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 Clarke County Tax Rate
0.60%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Boyce, Clarke County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22620 | 0.52% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Boyce, Clarke County, Virginia
When examining property taxes in Boyce, 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 Clarke 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 Clarke 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 Boyce.
For example, the median home price in Boyce is $346,900, with tax bills ranging significantly across the county. Zip code 22620 has the highest median home price at $346,900.
Property Tax Assessment Values Across Boyce, Clarke County, Virginia
Source: Ownwell
$309,650
$344,775
$379,900
Median Boyce Market Value
$346,900
Median Clarke County Market Value
$344,950
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Boyce, Clarke County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22620 | $174,100 | $238,400 | $346,900 | $444,500 | $655,700 |
Source: Ownwell
Property Tax Bills Across Boyce, Clarke County, Virginia
Median Boyce Tax Bill
$2,024
Median Clarke County Tax Bill
$2,000
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Boyce, Clarke County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22620 | $1,020 | $1,393 | $2,024 | $2,573 | $3,625 |
Source: Ownwell