Broad Run, Fauquier County, Virginia Property Taxes

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

Median Broad Run, 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 Broad Run, VA home value: $562,300
Median annual Broad Run, VA tax bill: $5,024, $2,624 higher than the national median property tax bill of $2,400.

How are property taxes in Fauquier County calculated?

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

Last Updated March 1, 2025

Broad Run, Fauquier County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$5,117

$4,748

Ownwell’s Broad Run Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Broad Run with just two data points. By entering your property's estimated assessed value, our calculator applies Broad Run’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 Broad Run, Fauquier County, Virginia

Local government entities determine tax rates, which can differ significantly within a state. This variation arises because each county annually estimates its required budget for services and divides that by the total assessed value of all taxable property within its jurisdiction, resulting in the property tax rate. While the process involves votes and laws to set tax rates and budgets, this is essentially how it unfolds each year. In Broad Run, located in Fauquier County, the effective property tax rate can be compared to other cities in Virginia and the median property tax rates in the state and across the U.S. Broad Run's property tax rate stands at 0.91%, which is below the national median of 1.02%. This rate is reflective of the county's budgeting needs and the total property values within its borders. While Broad Run's rate is consistent across the region, it highlights how local government decisions impact property tax obligations. Understanding these rates can help property owners make informed decisions about their property investments and potential tax appeals.

Property Tax Rates Across Broad Run, Fauquier County, Virginia

Source: Ownwell

0.86%

0.88%

0.91%

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 Broad Run Tax Rate

0.91%

Median Effective Fauquier County Tax Rate

0.91%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Broad Run, Fauquier County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
20137	0.60%	0.90%	0.91%	0.91%	0.91%

Source: Ownwell

Property Tax Assessment Values Across Broad Run, Fauquier County, Virginia

When examining property taxes in Broad Run, 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 Broad Run.

For example, the median home price in Broad Run is $562,300, with tax bills ranging significantly across the county. The 20137 zip code has the highest median home price at $562,300.

Property Tax Assessment Values Across Broad Run, Fauquier County, Virginia

Source: Ownwell

$252,800

$458,400

$664,000

Median Broad Run Market Value

$562,300

Median Fauquier County Market Value

$435,300

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Broad Run, Fauquier County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
20137	$95,800	$392,600	$562,300	$705,600	$897,400

Source: Ownwell

Property Tax Bills Across Broad Run, Fauquier County, Virginia

In Broad Run, located in Fauquier County, VA, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. The median home price in Broad Run is $562,300, and the tax bill can range significantly, with the 25th percentile at $3,354 and the 75th percentile reaching $6,251. This range indicates that many homeowners pay tax bills above the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Broad Run may find themselves paying a tax bill higher than the national median property tax rate of 1.02%. Ownwell can assist homeowners by providing expert property tax appeal and exemption services. By analyzing the assessed value and ensuring it's fair and accurate, Ownwell helps homeowners potentially reduce their tax bills, offering savings and peace of mind in managing property taxes.

Property Tax Bills Across Broad Run, Fauquier County, Virginia

Source: Ownwell

$2,496

$4,077

$5,657

Median Broad Run Tax Bill

$5,024

Median Fauquier County Tax Bill

$3,881

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Broad Run, Fauquier County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
20137	$73	$3,354	$5,024	$6,251	$7,810

Source: Ownwell