Gainesville, Prince William County, Virginia Property Taxes

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

Median Gainesville, VA effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Gainesville, VA home value: $608,300
Median annual Gainesville, VA tax bill: $6,312, $3,912 higher than the national median property tax bill of $2,400.

How are property taxes in Prince William calculated?

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

Last Updated March 1, 2025

Gainesville, Prince William County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.04%

Estimate Property Tax Bill

$6,326

$5,871

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

Property Tax Rates Across Gainesville, Prince William County, Virginia

Local government entities are responsible for setting tax rates, leading to significant variation within a state. Each county, including Prince William, estimates its annual budget for services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws influence the setting of these rates and budgets, this is essentially the annual process.

In Gainesville, the effective property tax rate aligns closely with the median rate in Virginia, which is slightly above the national median of 1.02%. This indicates that residents in Gainesville pay property taxes that are comparable to the statewide average but slightly higher than the national average. Interestingly, in Prince William County, both the highest and lowest median tax rates are identical, suggesting a uniformity in tax rates across different areas within the county.

Understanding these dynamics is essential for property owners in Gainesville and the broader Virginia area to make informed decisions about property investments and tax liabilities.

Property Tax Rates Across Gainesville, Prince William County, Virginia

Source: Ownwell

0.97%

1.00%

1.04%

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 Gainesville Tax Rate

1.04%

Median Effective Prince William County Tax Rate

1.04%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Gainesville, Prince William County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
20155	1.04%	1.04%	1.04%	1.04%	1.04%

Source: Ownwell

Property Tax Assessment Values Across Gainesville, Prince William County, Virginia

When examining property taxes in Gainesville, 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 Prince William 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.

Assessment notices in Prince William County 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 Gainesville. For example, the median home price in Gainesville is $608,300, with tax bills ranging significantly across the county. Zip code 20155 has the highest median home price at $608,300.

Property Tax Assessment Values Across Gainesville, Prince William County, Virginia

Source: Ownwell

$231,600

$495,950

$760,300

Median Gainesville Market Value

$608,300

Median Prince William County Market Value

$464,800

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Gainesville, Prince William County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
20155	$398,600	$477,850	$608,300	$715,200	$839,500

Source: Ownwell

Property Tax Bills Across Gainesville, Prince William County, Virginia

In Gainesville, located in Prince William County, VA, property tax bills are determined by assessing the property's market value and applying the local tax rate. The tax bill is influenced by the property's assessed value, which is determined by the county assessor. Homeowners in Gainesville typically face a median tax bill significantly higher than the national median of $2,400, with the 25th percentile tax bill at $4,946 and the 75th percentile reaching $7,431. This discrepancy highlights the importance of understanding how property taxes are calculated and the potential financial impact on homeowners. For those in Gainesville, a higher property tax bill can affect household budgets, making it crucial to explore ways to reduce this expense. Ownwell offers property tax appeal services that can help homeowners potentially lower their tax bills. By reviewing assessments and identifying discrepancies, Ownwell assists homeowners in navigating the appeal process, ensuring they are not overpaying and helping them achieve significant savings on their property taxes.

Property Tax Bills Across Gainesville, Prince William County, Virginia

Source: Ownwell

$2,233

$4,891

$7,548

Median Gainesville Tax Bill

$6,312

Median Prince William County Tax Bill

$4,796

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Gainesville, Prince William County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
20155	$4,100	$4,946	$6,312	$7,431	$8,712

Source: Ownwell