Marshall, Fauquier County, Virginia Property Taxes
Median Marshall, 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 Marshall, VA home value: $430,100
Median annual Marshall, VA tax bill: $3,718, $1,318 higher than the national median property tax bill of $2,400.
How are property taxes in Fauquier calculated?
Property taxes in Marshall, 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 Marshall’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Marshall, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Marshall, Fauquier County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.91%
Estimate Property Tax Bill
$3,914
$3,632
Property Tax Rates Across Marshall, Fauquier 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.
Marshall in Fauquier County, VA, has a property tax rate that aligns closely with the state median of 0.91%, which is slightly below the national median of 1.02%. This implies that property owners in Marshall benefit from lower property tax rates compared to many other parts of the country. Lower rates can make homeownership more affordable and appealing, potentially attracting more residents and boosting the local economy. However, it's important to consider that while the rate is lower, the actual tax bill depends on the assessed value of the property. Therefore, understanding both the rate and the assessed value is crucial for property owners when budgeting for their annual tax obligations.
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 Marshall Tax Rate
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 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 Marshall, Fauquier County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20115 | 0.62% | 0.90% | 0.91% | 0.93% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Marshall, Fauquier County, Virginia
When examining property taxes in Marshall, 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. This 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 March. 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 Marshall. For example, the median home price in Marshall is $430,100, with tax bills ranging significantly across the county. Zip code 20115 has the highest median home price at $430,100.
Property Tax Assessment Values Across Marshall, Fauquier County, Virginia
Source: Ownwell
$252,800
$458,400
$664,000
Median Marshall Market Value
$430,100
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 Marshall, Fauquier County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20115 | $16,080 | $208,900 | $430,100 | $632,900 | $897,800 |
Source: Ownwell
Property Tax Bills Across Marshall, Fauquier County, Virginia
In Marshall, located in Fauquier County, VA, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $430,100, which serves as a baseline for calculating tax obligations. Homeowners in Marshall can expect their property tax bills to vary significantly, with the 25th percentile at $1,819 and the 75th percentile reaching $5,548. This variability highlights the importance of accurately assessed property values. Compared to the national median property tax bill of $2,400, Marshall's tax bills can be considerably higher, impacting homeowners' financial planning.
Ownwell offers a solution by providing property tax appeal and exemption services, which can help reduce these burdensome costs. By analyzing property assessments and identifying potential discrepancies, Ownwell assists homeowners in appealing their tax bills, potentially leading to significant savings. This service is especially beneficial for those in zip code 20115, where the median tax bill is notably high at $3,718. With Ownwell's expertise, homeowners can better manage their property tax expenses and achieve financial relief.
Median Marshall Tax Bill
$3,718
Median Fauquier County Tax Bill
$3,881
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Marshall, Fauquier County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20115 | $60 | $1,819 | $3,718 | $5,548 | $7,432 |
Source: Ownwell