20137 Property Tax Rate

Property owners in ZIP code 20137 (Broad Run, Virginia) pay a median of $5,789/year in property taxes on homes valued at $700,000. This translates to an effective tax rate of 0.83%, which is 23% above the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 20137 is approximately $482, which factors into escrow payments on mortgages. This ZIP code is located within Fauquier County. This is $3,546 more than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 20137 has higher property taxes. ZIP codes with similar effective rates include 23840 (0.83%) and 23325 (0.83%).

In Broad Run, property taxes represent approximately 3.9% of the median household income of $147,456, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax cap; Fauquier County sets its own rate and reassesses all properties annually, so expect your tax bill to reflect the full market value of your purchase immediately. Fauquier County offers a Land Use Assessment program for agricultural and forest property and a Circuit Breaker program for elderly and disabled homeowners — contact the Fauquier County Commissioner of the Revenue to determine eligibility. File any property assessment appeals with the Fauquier County Commissioner of the Revenue by March 1 of the year following your purchase.