Waterford, Loudoun County, Virginia Property Taxes
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
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$9,708
$9,009
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.
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%
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 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
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
Don't miss the deadline to appeal!
Dates | |
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| Appeal Deadline | June 1 |
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