Stephenson, Frederick County, Virginia Property Taxes

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

Median Stephenson, VA effective property tax rate: 0.51%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Stephenson, VA home value: $382,900
Median annual Stephenson, VA tax bill: $1,860, $540 lower than the national median property tax bill of $2,400.

How are property taxes in Frederick calculated?

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

Last Updated March 1, 2025

Stephenson, Frederick County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.51%

Estimate Property Tax Bill

$1,953

$1,812

Ownwell’s Stephenson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stephenson with just two data points. By entering your property's estimated assessed value, our calculator applies Stephenson’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Frederick 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 Frederick County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Stephenson, Frederick County, Virginia

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This is because each county estimates its annual budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the yearly process.

In Stephenson, Frederick County, Virginia, the effective property tax rate stands out when compared to other cities in the state and nationwide. With the median property tax rate in Virginia being 0.51%, Stephenson’s rate aligns with this state median. This is notably lower than the national median property tax rate of 1.02%. Consequently, property owners in Stephenson enjoy a more favorable tax environment compared to many other regions across the country. This lower tax rate can be a significant advantage for homeowners, potentially making Stephenson an attractive place for property investment. By understanding these nuances, property owners can make informed decisions regarding property investments and tax appeals.

Property Tax Rates Across Stephenson, Frederick County, Virginia

Source: Ownwell

0.51%

0.57%

0.63%

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 Stephenson Tax Rate

0.51%

Median Effective Frederick County Tax Rate

0.51%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Stephenson, Frederick County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22656	0.32%	0.51%	0.51%	0.51%	0.51%

Source: Ownwell

Property Tax Assessment Values Across Stephenson, Frederick County, Virginia

When examining property taxes in Stephenson, 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 Frederick 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 Frederick 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 Stephenson. For example, the median home price in Stephenson is $382,900, with tax bills ranging significantly across the county. Zip code 22656 has the highest median home price at $382,900.

Property Tax Assessment Values Across Stephenson, Frederick County, Virginia

Source: Ownwell

$216,300

$382,750

$549,200

Median Stephenson Market Value

$382,900

Median Frederick County Market Value

$318,600

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Stephenson, Frederick County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22656	$250,600	$302,000	$382,900	$465,700	$540,180

Source: Ownwell

Property Tax Bills Across Stephenson, Frederick County, Virginia

In Stephenson, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the Frederick County assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in the area is $382,900, which influences the assessed values and, consequently, the tax bills. Homeowners in Stephenson typically see tax bills ranging from $1,488 at the 25th percentile to $2,711 at the 90th percentile, with a median tax bill of $1,860. This is significantly lower than the national median property tax bill of $2,400, providing some relief to local homeowners. However, many homeowners may still be paying more than necessary. Ownwell can assist by reviewing property assessments for inaccuracies and guiding homeowners through the appeal process. By leveraging local market data and expertise, Ownwell helps ensure that homeowners only pay their fair share, potentially saving them hundreds on their annual property tax bills.

Property Tax Bills Across Stephenson, Frederick County, Virginia

Source: Ownwell

$1,054

$1,792

$2,530

Median Stephenson Tax Bill

$1,860

Median Frederick County Tax Bill

$1,559

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Stephenson, Frederick County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22656	$977	$1,488	$1,860	$2,325	$2,711

Source: Ownwell