Greenbelt, Falls Church County, Virginia Property Taxes

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

Median Greenbelt, VA effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Greenbelt, VA home value: $388,200
Median annual Greenbelt, VA tax bill: $4,775, $2,375 higher than the national median property tax bill of $2,400.

How are property taxes in Falls Church calculated?

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

Last Updated March 1, 2025

Greenbelt, Falls Church County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.23%

Estimate Property Tax Bill

$4,775

$4,431

Ownwell’s Greenbelt Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Greenbelt with just two data points.

By entering your property's estimated assessed value, our calculator applies Greenbelt’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 Falls Church.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Greenbelt, Falls Church County, Virginia

Local government entities set tax rates, which can vary widely within a state. 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. In Greenbelt, Falls Church, Virginia, property tax rates reflect this calculation process. The effective property tax rate in Greenbelt can be compared to other cities in Virginia and the median property tax rates in Virginia and the U.S. The median property tax rate in Virginia is 1.23%, which is slightly above the national median of 1.02%. This difference highlights how property tax rates can vary not only within a state but also compared to national averages. Understanding these variations can help homeowners make informed decisions about property ownership and tax obligations.

Property Tax Rates Across Greenbelt, Falls Church County, Virginia

Source: Ownwell

1.23%

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 Greenbelt Tax Rate

1.23%

Median Effective Falls Church County Tax Rate

1.23%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Greenbelt, Falls Church County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
20770	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Greenbelt, Falls Church County, Virginia

When examining property taxes in Greenbelt, 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 Falls Church 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 Falls Church 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 Greenbelt.

For example, the median home price in Greenbelt is $388,200, with tax bills ranging significantly across the county. The tax bill at the 90th percentile is $4,775.

Property Tax Assessment Values Across Greenbelt, Falls Church County, Virginia

Source: Ownwell

$189,600

$592,125

$994,650

Median Greenbelt Market Value

$388,200

Median Falls Church County Market Value

$919,600

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Greenbelt, Falls Church County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
20770	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Greenbelt, Falls Church County, Virginia

In Greenbelt, located in Falls Church, VA, property tax bills are calculated using the assessed value of the home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $388,200, homeowners in Greenbelt face property tax bills significantly higher than the national median, with the 25th, 75th, and 90th percentiles all at $4,775. This is a substantial increase compared to the national median property tax bill of $2,400.

Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions. High property taxes can place a financial burden on homeowners, making it crucial to ensure their assessments are fair and accurate. Ownwell offers services to help homeowners appeal their property tax assessments and identify potential exemptions, potentially reducing their tax burden. By leveraging professional expertise, homeowners can achieve significant savings on their property tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Greenbelt, Falls Church County, Virginia

Source: Ownwell

$2,332

$7,283

$12,234

Median Greenbelt Tax Bill

$4,775

Median Falls Church County Tax Bill

$11,348

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Greenbelt, Falls Church County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
20770	N/A	N/A	N/A	N/A	N/A

Source: Ownwell