Fredericksburg, Fredericksburg County, Virginia Property Taxes

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

Median Fredericksburg, VA effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Fredericksburg, VA home value: $322,050
Median annual Fredericksburg, VA tax bill: $2,772, $372 higher than the national median property tax bill of $2,400.

How are property taxes in Fredericksburg calculated?

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

Last Updated March 1, 2025

Fredericksburg, Fredericksburg County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.77%

Estimate Property Tax Bill

$3,252

$3,017

Ownwell’s Fredericksburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fredericksburg with just two data points. By entering your property's estimated assessed value, our calculator applies Fredericksburg’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 Fredericksburg. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fredericksburg, Fredericksburg County, Virginia

Local government entities determine tax rates, which can vary significantly within a state. This is because each year, counties estimate the budget needed to provide essential services and then divide this figure by the total value of all taxable properties within their jurisdiction. This process results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual procedure.

Let's compare Fredericksburg’s effective property tax rate with other cities in Virginia and the median rates in Virginia and the U.S. Fredericksburg, located in Fredericksburg County, has a median property tax rate of 0.86%. This rate is below the national median property tax rate of 1.02% and aligns with the highest and lowest median property tax rates within its zip code, 22401. This comparison highlights Fredericksburg as a region with a relatively lower property tax burden compared to the national average, making it an attractive prospect for property owners seeking affordability in property taxes.

Property Tax Rates Across Fredericksburg, Fredericksburg County, Virginia

Source: Ownwell

0.77%

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 Fredericksburg Tax Rate

0.77%

Median Effective Fredericksburg County Tax Rate

0.77%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fredericksburg, Fredericksburg County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
22401	0.77%	0.77%	0.77%	0.77%	0.77%
22408	0.77%	0.77%	0.77%	0.77%	0.77%
22407	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Fredericksburg, Fredericksburg County, Virginia

When examining property taxes in Fredericksburg, 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 Fredericksburg 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 Fredericksburg 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 Fredericksburg. For example, the median home price in Fredericksburg is $322,050, with tax bills ranging significantly across the county. Zip code 22401 has the highest median home price at $323,500.

Property Tax Assessment Values Across Fredericksburg, Fredericksburg County, Virginia

Source: Ownwell

$422,000

$427,050

$432,100

Median Fredericksburg Market Value

$422,300

Median Fredericksburg County Market Value

$422,300

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fredericksburg, Fredericksburg County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
22401	$224,700	$315,650	$422,000	$533,025	$657,200
22408	$386,330	$392,250	$432,100	$439,975	$446,230
22407	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Fredericksburg, Fredericksburg County, Virginia

In Fredericksburg, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in the area is $322,050, and the property tax rate is applied to this value to determine the tax bill. Various factors such as location, property type, and market conditions can influence the assessed value. Homeowners in Fredericksburg face a median tax bill that ranges from $1,958 at the 25th percentile to $4,500 at the 90th percentile, with the highest median tax bill in the 22401 zip code at $2,782. This is above the national median property tax bill of $2,400, highlighting the potential financial burden on homeowners. Ownwell can assist homeowners in reducing their property tax bills by providing expert property tax appeal services. By challenging over-assessments and ensuring accurate valuations, Ownwell helps homeowners potentially save significant amounts on their property taxes, alleviating financial strain and ensuring fair taxation.

Property Tax Bills Across Fredericksburg, Fredericksburg County, Virginia

Source: Ownwell

$3,249

$3,288

$3,327

Median Fredericksburg Tax Bill

$3,252

Median Fredericksburg County Tax Bill

$3,252

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Fredericksburg, Fredericksburg County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
22401	$1,730	$2,430	$3,249	$4,104	$5,060
22408	$2,975	$3,020	$3,327	$3,388	$3,436
22407	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	June 1

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