Sperryville, Rappahannock County, Virginia Property Taxes
Median Sperryville, VA effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Sperryville, VA home value: $304,550
Median annual Sperryville, VA tax bill: $1,702, $698 lower than the national median property tax bill of $2,400.
How are property taxes in Rappahannock calculated?
Property taxes in Sperryville, 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 Sperryville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sperryville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sperryville, Rappahannock County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$1,865
$1,730
Property Tax Rates Across Sperryville, Rappahannock County, Virginia
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variance occurs because each county annually estimates its budgetary needs for public services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While setting tax rates and budgets involves votes and laws, this is essentially the annual process.
In Sperryville, located in Rappahannock County, Virginia, the effective property tax rate provides an interesting point of comparison. Sperryville's tax rate is 0.61%, which aligns with the highest and lowest rates in the region, showcasing a consistent approach within the county. When compared to the national median property tax rate of 1.02%, Sperryville's rate is considerably lower. This lower rate can translate to significant savings for property owners in the area, making it an attractive option for those looking to minimize their property tax expenses. By understanding these local nuances, property owners can make informed decisions about their investments and potential savings.
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 Sperryville Tax Rate
0.61%
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 Rappahannock County Tax Rate
0.61%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sperryville, Rappahannock County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22740 | 0.24% | 0.51% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Sperryville, Rappahannock County, Virginia
When examining property taxes in Sperryville, Virginia, 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 Rappahannock 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 Rappahannock 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 Sperryville. For example, the median home price in Sperryville is $304,550, with tax bills ranging significantly across the county. Zip code 22740 has the highest median home price at $304,550.
Property Tax Assessment Values Across Sperryville, Rappahannock County, Virginia
Source: Ownwell
$10,000
$204,000
$398,000
Median Sperryville Market Value
$305,700
Median Rappahannock County Market Value
$311,100
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sperryville, Rappahannock County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22740 | $60,000 | $175,325 | $305,700 | $522,025 | $852,110 |
Source: Ownwell
Property Tax Bills Across Sperryville, Rappahannock County, Virginia
Median Sperryville Tax Bill
$1,722
Median Rappahannock County Tax Bill
$1,744
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Sperryville, Rappahannock County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22740 | $61 | $921 | $1,722 | $2,764 | $4,180 |
Source: Ownwell