Goldvein, Fauquier County, Virginia Property Taxes
Median Goldvein, VA effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but higher than the Virginia state median of 0.89%.
Median Goldvein, VA home value: $439,100
Median annual Goldvein, VA tax bill: $3,787, $1,387 higher than the national median property tax bill of $2,400.
How are property taxes in Fauquier County calculated?
Property taxes in Goldvein, 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 Goldvein’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Goldvein, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Goldvein, Fauquier County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$4,486
$4,163
Property Tax Rates Across Goldvein, Fauquier County, Virginia
Local government entities in Virginia, including those in Goldvein, Fauquier County, set property tax rates that can differ significantly within the state. Each year, counties determine their necessary budget to provide essential services and then divide this by the total assessed value of all taxable properties within their jurisdiction. This calculation forms the basis of the property tax rate. While setting these rates and budgets involves votes and legal processes, this is the essence of the annual procedure.
Goldvein's effective property tax rate is an important factor for property owners to consider. Compared to other cities in Virginia, Goldvein's rate is aligned with the state's median property tax rate, which is slightly below the national median rate of 1.02%. This positions Goldvein as an attractive location for homeowners seeking lower property tax burdens. Understanding these rates and how they compare to both state and national medians can assist property owners in making informed decisions about property investments and potential tax appeals.
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 Goldvein Tax Rate
0.95%
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 Fauquier County Tax Rate
0.95%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Goldvein, Fauquier County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22720 | 0.69% | 0.94% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Goldvein, Fauquier County, Virginia
When examining property taxes in Goldvein, 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 Fauquier 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 Fauquier County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Goldvein. For example, the median home price in Goldvein is $439,100, with tax bills ranging significantly across the county. Zip code 22720 has the highest median home price at $439,100.
Property Tax Assessment Values Across Goldvein, Fauquier County, Virginia
Source: Ownwell
$321,100
$560,700
$800,300
Median Goldvein Market Value
$472,250
Median Fauquier County Market Value
$476,600
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Goldvein, Fauquier County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22720 | $297,130 | $372,000 | $472,250 | $595,550 | $768,770 |
Source: Ownwell
Property Tax Bills Across Goldvein, Fauquier County, Virginia
Median Goldvein Tax Bill
$4,252
Median Fauquier County Tax Bill
$4,438
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Goldvein, Fauquier County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22720 | $2,379 | $3,304 | $4,252 | $5,256 | $6,590 |
Source: Ownwell