Paeonian Springs, Loudoun County, Virginia Property Taxes
Property Taxes in Paeonian Springs, Virginia
Median Paeonian Springs, Virginia effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Paeonian Springs, Virginia home value: $1,030,590
Median annual Paeonian Springs, Virginia tax bill: $8,480, $6,080 higher than the national median property tax bill of $2,400.
How are property taxes in Loudoun calculated?
Property taxes in Paeonian Springs, Virginia 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 Paeonian Springs's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Paeonian Springs, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Paeonian Springs, Loudoun County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$8,863
$8,225
How Does the Paeonian Springs Property Tax Calculator Work?
Use this Paeonian Springs property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Paeonian Springs's median effective tax rate of 0.86% — based on actual property records in Loudoun County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Paeonian Springs's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Paeonian Springs: rates range from 0.86% in 20129 to 0.86% in 20129, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Paeonian Springs.
About Paeonian Springs Property Taxes
About Property Taxes in Paeonian Springs, Loudoun, Virginia
Paeonian Springs’s median effective property tax rate of 0.86% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Loudoun County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Paeonian Springs. Homeowners in the 20129 ZIP code carry a median effective rate of 0.86%, while those in 20129 pay 0.86%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Loudoun County. Understanding which part of Paeonian Springs you live in can make a meaningful difference to your annual tax bill.
Paeonian Springs homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Paeonian Springs, Loudoun County, Virginia
As noted earlier, 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 Paeonian Springs's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
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 Paeonian Springs Tax Rate
0.86%
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 Loudoun County Tax Rate
0.87%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Paeonian Springs, Loudoun County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20129 | 0.76% | 0.82% | 0.86% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Paeonian Springs, Loudoun County, Virginia
When examining property taxes in Paeonian Springs, 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 Loudoun 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.
Assessment notices:
In Loudoun County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.
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 Paeonian Springs.
For example, the median home price in Paeonian Springs is $1,030,590, with tax bills ranging significantly across the county. 20129 has the highest median home price at $1,030,590.
Property Tax Assessment Values Across Paeonian Springs, Loudoun County, Virginia
Source: Ownwell
$525,210
$1,156,865
$1,788,520
Median Paeonian Springs Market Value
$1,030,590
Median Loudoun County Market Value
$695,595
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Paeonian Springs, Loudoun County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20129 | $448,704 | $543,730 | $1,030,590 | $1,485,220 | $1,813,562 |
Source: Ownwell
Property Tax Bills Across Paeonian Springs, Loudoun County, Virginia
Property tax bills in Paeonian Springs are calculated by multiplying a home’s assessed value by the local tax rate set by Loudoun County. The assessed value is based on the market value of the property, which means homeowners with higher-value homes generally face larger tax bills. With a median home price of $1,030,590, property taxes can be a significant part of annual housing costs.
For many homeowners, the bill reflects both the value of the home and the tax rate applied to that value. In this area, the 25th percentile tax bill is $4,697, while the 75th percentile is $12,113 and the 90th percentile reaches $14,978. That range shows how quickly taxes can rise as property values increase.
Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, homeowners in Paeonian Springs often pay much more. The highest and lowest median tax bill in the area is $8,480 in ZIP code 20129, which highlights how local assessments affect what homeowners owe.
Property Tax Bills Across Paeonian Springs, Loudoun County, Virginia
Source: Ownwell
$4,542
$8,027
$11,512
Median Paeonian Springs Tax Bill
$8,480
Median Loudoun County Tax Bill
$6,021
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Paeonian Springs, Loudoun County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20129 | $3,875 | $4,697 | $8,480 | $12,113 | $14,978 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Loudoun Tax Assessor | |
| Website | reparcelasmt.loudoun.gov |