Gainesville, Fauquier County, Virginia Property Taxes

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

Median Gainesville, VA effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but higher than the Virginia state median of 0.89%.
Median Gainesville, VA home value: $671,900
Median annual Gainesville, VA tax bill: $6,081, $3,681 higher than the national median property tax bill of $2,400.

How are property taxes in Fauquier calculated?

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

Last Updated March 1, 2025

Gainesville, 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

$6,114

$5,674

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

Local government entities determine tax rates, and these can vary significantly across Virginia. Each year, Fauquier County estimates the budget needed to provide essential services and divides this by the total value of all taxable property in the area, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

In Gainesville, located in Fauquier County, the effective property tax rate is a reflection of this process. Comparing Gainesville's rate with other cities in Virginia offers insight into how local tax burdens differ across the state. The median property tax rate in Virginia is 0.91%, which is below the national median of 1.02%. This suggests that Gainesville, like much of Virginia, may have a relatively lower property tax burden compared to other parts of the country. Understanding these differences can help property owners make informed decisions about their investments and financial planning. Whether you're a homeowner or considering purchasing property, being aware of these local tax dynamics is crucial.

Property Tax Rates Across Gainesville, 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 Gainesville 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 Gainesville, Fauquier County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
20155	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Gainesville, Fauquier County, Virginia

When examining property taxes in Gainesville, 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 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 May. 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 Gainesville.

For example, the median home price in Gainesville is $671,900, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Gainesville, Fauquier County, Virginia

Source: Ownwell

$252,800

$458,400

$664,000

Median Gainesville Market Value

$671,900

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 Gainesville, Fauquier County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
20155	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Gainesville, Fauquier County, Virginia

In Gainesville, located in Fauquier County, VA, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in the area is $671,900. Homeowners in this region face a median property tax bill of $6,081, which is significantly higher than the national median property tax bill of $2,400. This discrepancy highlights the substantial impact property taxes can have on homeowners in Gainesville. The assessed value, which is influenced by factors such as the home's location, size, and condition, plays a crucial role in determining the tax bill. With property tax rates higher than the national median rate of 1.02%, homeowners may find themselves paying more than expected. Ownwell offers property tax appeal and exemption services that aim to reduce this financial burden. By leveraging their expertise, homeowners can potentially lower their assessed values, resulting in reduced property tax bills and significant savings over time.

Property Tax Bills Across Gainesville, Fauquier County, Virginia

Source: Ownwell

$2,496

$4,077

$5,657

Median Gainesville Tax Bill

$6,081

Median Fauquier County Tax Bill

$3,881

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Gainesville, Fauquier County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
20155	N/A	N/A	N/A	N/A	N/A

Source: Ownwell