Property Taxes in Markham, Virginia
Median Markham, Virginia effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, and slightly higher than the Virginia state median of 0.90%.
Median Markham, Virginia home value: $715,400
Median annual Markham, Virginia tax bill: $5,767, $3,367 higher than the national median property tax bill of $2,400.
How are property taxes in Fauquier calculated?
Property taxes in Markham, 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 Markham's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Markham, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Markham Property Tax Calculator Work?
Use this Markham property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Markham's median effective tax rate of 0.94% — based on actual property records in Fauquier County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Markham's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Markham's median effective tax rate is lower than Virginia's 0.90% state median tax rate, and the median property tax bill is $5,767, which is $3,367 higher than the state median bill. Your bill may vary by ZIP code within Markham: rates range from 0.94% in 22643 to 0.94% in 22643.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Markham.
About Markham Property Taxes
About Property Taxes in Markham, Fauquier, Virginia
Markham’s median effective property tax rate of 0.94% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Fauquier 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 Markham. Homeowners in ZIP code 22643 carry a median effective rate of 0.94%, while those in the same ZIP code also pay 0.94%. This reflects how school district boundaries and local assessment districts are drawn across Fauquier County. Understanding which part of Markham you live in can make a meaningful difference to your annual tax bill.
Markham homeowners who believe their assessed value is too high can file a formal appeal with the 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 Markham, Fauquier 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 Markham'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 Ă· 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 Markham Tax Rate
0.94%
Our median effective property tax rate (tax bill Ă· 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 Fauquier County Tax Rate
0.95%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Markham, Fauquier County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22643 | 0.35% | 0.67% | 0.94% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Markham, Fauquier County, Virginia
When examining property taxes in Markham, 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 assessment office 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 Fauquier County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of January.
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 Markham.
For example, the median home price in Markham is $715,400, with tax bills ranging significantly across the county. 22643 has the highest median home price at $715,400.
Property Tax Assessment Values Across Markham, Fauquier County, Virginia
Source: Ownwell
$321,100
$560,700
$800,300
Median Markham Market Value
$715,400
Median Fauquier County Market Value
$476,600
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Markham, Fauquier County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22643 | $334,400 | $504,350 | $715,400 | $1,006,400 | $1,480,360 |
Source: Ownwell
Property Tax Bills Across Markham, Fauquier County, Virginia
Markham property tax bills are based on the assessed value of a home and the local tax rate set for Fauquier County. When a property’s assessed market value rises, the tax bill can increase even if the homeowner has not made any changes to the house. The median home price in Markham is $715,400, which helps explain why bills can be substantial compared with the national median property tax bill of $2,400.
What a homeowner pays depends on the assessed value, exemptions, and the tax rate applied to that value. In Markham, the median property tax bill is $5,767, with bills ranging from $3,773 at the 25th percentile to $7,567 at the 75th percentile. At the high end, the 90th percentile reaches $10,117, showing how much taxes can vary from one property to another.
For homeowners, a higher assessed value usually means a higher annual tax bill, which can affect monthly budgeting and long-term housing costs.
Median Markham Tax Bill
$5,767
Median Fauquier County Tax Bill
$4,438
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Markham, Fauquier County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22643 | $2,133 | $3,773 | $5,767 | $7,567 | $10,117 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 1 |
Links | |
|---|---|
| Fauquier Tax Assessor | |
| Website | www.actdatascout.com |