Faber, Nelson County, Virginia Property Taxes

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

Median Faber, VA effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Faber, VA home value: $156,500
Median annual Faber, VA tax bill: $947, $1,453 lower than the national median property tax bill of $2,400.

How are property taxes in Nelson County calculated?

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

Last Updated March 1, 2025

Faber, Nelson County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.65%

Estimate Property Tax Bill

$1,011

$939

Ownwell’s Faber Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Faber with just two data points. By entering your property's estimated assessed value, our calculator applies Faber’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 Nelson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Faber, Nelson County, Virginia

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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.

In Faber, located in Nelson County, VA, the effective property tax rate is 0.65%, which aligns with the highest and lowest median tax rates in the area. This rate is significantly lower than the national median property tax rate of 1.02%. Property owners in Faber benefit from a lower tax burden compared to many other regions in the United States.

Comparing Faber’s rate to the national average provides a clear perspective on the affordability of property taxes in this region. Lower tax rates can make a significant difference in the overall cost of property ownership, offering financial relief to homeowners. Understanding these rates can help property owners make informed decisions about their investments.

Property Tax Rates Across Faber, Nelson County, Virginia

Source: Ownwell

0.65%

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 Faber Tax Rate

0.65%

Median Effective Nelson County Tax Rate

0.65%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Faber, Nelson County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22938	0.43%	0.65%	0.65%	0.65%	0.65%

Source: Ownwell

Property Tax Assessment Values Across Faber, Nelson County, Virginia

When examining property taxes in Faber, 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 Nelson 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 Nelson 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 Faber. For example, the median home price in Faber is $156,500, with tax bills ranging significantly across the county. Zip code 22938 has the highest median home price at $156,500.

Property Tax Assessment Values Across Faber, Nelson County, Virginia

Source: Ownwell

$37,500

$182,050

$326,600

Median Faber Market Value

$155,600

Median Nelson County Market Value

$146,400

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Faber, Nelson County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22938	$21,990	$46,225	$155,600	$314,275	$493,330

Source: Ownwell

Property Tax Bills Across Faber, Nelson County, Virginia

In Faber, located in Nelson County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Faber is $156,500, and property taxes are calculated by applying the local tax rate to this assessed value. The median property tax bill in Faber is $947, which is significantly below the national median property tax bill of $2,400. Homeowners in Faber might see varying tax bills, with the 25th percentile at $261 and the 75th percentile at $1,861, indicating a range of property tax responsibilities based on property values and exemptions. Such variability can impact homeowners' finances significantly. Ownwell can assist homeowners by identifying potential errors in their property's assessed value and advising on applicable exemptions. By leveraging expert knowledge, Ownwell helps ensure homeowners are not overpaying on their property taxes, potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Faber, Nelson County, Virginia

Source: Ownwell

$260

$1,167

$2,073

Median Faber Tax Bill

$954

Median Nelson County Tax Bill

$909

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Faber, Nelson County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22938	$103	$261	$954	$1,890	$2,591

Source: Ownwell