Waterford, Loudoun County, Virginia Property Taxes

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

Median Waterford, VA effective property tax rate: 0.88%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Waterford, VA home value: $1,052,525
Median annual Waterford, VA tax bill: $9,033, $6,633 higher than the national median property tax bill of $2,400.

How are property taxes in Loudoun calculated?

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

Last Updated March 1, 2025

Waterford, Loudoun County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.86%

Estimate Property Tax Bill

$9,708

$9,009

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

Property Tax Rates Across Waterford, Loudoun County, Virginia

Local government entities set tax rates, which can vary widely within a state. 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.

In Waterford, located in Loudoun County, Virginia, the effective property tax rate is an important consideration for homeowners. The median property tax rate in Virginia is 0.88%, lower than the national median of 1.02%. This makes Virginia an attractive option for property owners looking to minimize their tax burden. The effective property tax rate in Waterford aligns with the state median, offering residents a competitive tax environment compared to the national landscape. By understanding the nuances of local tax rates, homeowners can make informed decisions about property investments and financial planning. Comparing Waterford’s tax rate to other cities in Virginia and the U.S. provides valuable insight into the relative affordability and fiscal management of the area.

Property Tax Rates Across Waterford, Loudoun County, Virginia

Source: Ownwell

0.64%

0.77%

0.89%

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 Waterford Tax Rate

0.86%

Median Effective Loudoun County Tax Rate

0.87%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Waterford, Loudoun County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
20197	0.77%	0.86%	0.86%	0.87%	0.87%

Source: Ownwell

Property Tax Assessment Values Across Waterford, Loudoun County, Virginia

When examining property taxes in Waterford, 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 Loudoun 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 Loudoun 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 Waterford.

For example, the median home price in Waterford is $1,052,525, with tax bills ranging significantly across the county. The zip code 20197 has the highest median home price at $1,052,525.

Property Tax Assessment Values Across Waterford, Loudoun County, Virginia

Source: Ownwell

$525,210

$1,156,865

$1,788,520

Median Waterford Market Value

$1,128,835

Median Loudoun County Market Value

$695,595

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Waterford, Loudoun County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
20197	$717,415	$914,882	$1,128,835	$1,318,095	$1,515,850

Source: Ownwell

Property Tax Bills Across Waterford, Loudoun County, Virginia

In Waterford, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Waterford, the median home price is $1,052,525, leading to a median property tax bill of approximately $9,033. This is significantly higher than the national median property tax bill of $2,400, reflecting the area's higher property values. Factors such as the home's location, size, and market conditions can influence the assessed value, thereby affecting the tax bill. Homeowners in Waterford can face substantial financial burdens due to these high property taxes. However, Ownwell offers a solution by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially reduce their assessed values and, consequently, their tax bills. This can result in significant savings, alleviating the financial pressure on Waterford homeowners.

Property Tax Bills Across Waterford, Loudoun County, Virginia

Source: Ownwell

$4,542

$8,027

$11,512

Median Waterford Tax Bill

$9,602

Median Loudoun County Tax Bill

$6,021

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Waterford, Loudoun County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
20197	$5,967	$7,535	$9,602	$11,218	$12,645

Source: Ownwell