Hume, Fauquier County, Virginia Property Taxes

Name: Property Tax Bills Across Hume, Fauquier County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hume, VA effective property tax rate: 0.91%, slightly lower than the national median of 1.02%, but higher than the Virginia state median of 0.89%.
Median Hume, VA home value: $555,100
Median annual Hume, VA tax bill: $4,439, $2,039 higher than the national median property tax bill of $2,400.

How are property taxes in Fauquier calculated?

Property taxes in Hume, 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 Hume’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hume, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hume, Fauquier County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.94%

Estimate Property Tax Bill

$5,908

$5,482

Ownwell’s Hume Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hume with just two data points. By entering your property's estimated assessed value, our calculator applies Hume’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Fauquier County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hume, Fauquier County, Virginia

Local government entities are responsible for setting tax rates, which can differ significantly across a state. This is because each county annually estimates the budget needed to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is essentially the annual process. In Hume, located in Fauquier County, Virginia, the effective property tax rate is a reflection of this process. When compared to other cities in Virginia and the national average, Hume's tax rate provides insight into the local government's fiscal strategy. Virginia's median property tax rate is slightly below the national median of 1.02%, which means residents in Hume may experience lower property tax bills compared to other parts of the country. Understanding these differences can help property owners make informed decisions about their investments and manage their financial planning more effectively.

Property Tax Rates Across Hume, Fauquier County, Virginia

Source: Ownwell

0.94%

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 Hume Tax Rate

0.94%

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 Hume, Fauquier County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22639	0.52%	0.78%	0.94%	0.95%	0.95%

Source: Ownwell

Property Tax Assessment Values Across Hume, Fauquier County, Virginia

When examining property taxes in Hume, 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 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 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 Hume. For example, the median home price in Hume is $555,100, with tax bills ranging significantly across the county. 22639 has the highest median home price at $555,100.

Property Tax Assessment Values Across Hume, Fauquier County, Virginia

Source: Ownwell

$321,100

$560,700

$800,300

Median Hume Market Value

$628,500

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 Hume, Fauquier County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22639	$352,320	$453,950	$628,500	$931,550	$1,344,160

Source: Ownwell

Property Tax Bills Across Hume, Fauquier County, Virginia

In Hume, located in Fauquier County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $555,100, homeowners in Hume face tax bills that can vary significantly. For example, the 25th percentile tax bill is $2,470, while the 75th percentile tax bill reaches $6,245. Notably, the highest median tax bill in the area is $4,439, which is above the national median of $2,400. These varying tax bills can significantly impact homeowners, affecting their monthly budgets and overall financial planning. Ownwell helps homeowners navigate these challenges by providing expert property tax appeal and exemption services. By identifying opportunities to reduce assessed values or qualify for exemptions, Ownwell can help homeowners potentially save on their property tax bills, ensuring they pay only what is necessary and fair.

Property Tax Bills Across Hume, Fauquier County, Virginia

Source: Ownwell

$3,079

$5,038

$6,996

Median Hume Tax Bill

$5,299

Median Fauquier County Tax Bill

$4,438

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Hume, Fauquier County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22639	$2,944	$3,929	$5,299	$7,526	$10,251

Source: Ownwell