Taxes – Gayle Harvey Real Estate

Charlottesville Area Real Estate Taxes

The Charlottesville area is very fortunate to have reasonable real estate taxes, as compared to other areas in the country. Below is a list of the 2018 local real estate tax rates. All of the counties except for Buckingham County offer reduced rates for various types of agriculture and forest uses. A property has to qualify for land use and applications must be made and renewed periodically.

COUNTY	RATE PER $100 OF ASSESSED VALUE
ALBEMARLE	.839/cents per $100
CITY OF CHARLOTTESVILLE	.95/cents per $100
AMHERST	.61/cents per $100
AUGUSTA	.63/cents per $100
BUCKINGHAM	.55/cents per $100
FLUVANNA	.939/cents per $100
GREENE	.775/cents per $100
LOUISA	.72/cents per $100
MADISON	.68/cents per $100
NELSON	.72/cents per $100
ORANGE	.804/cents per $100
CULPEPER	.67/cents per $100
ROCKINGHAM	.74/cents per $100

2017 Central Virginia Real Estate Tax Rates

Curious about the cost of real estate taxes in Central Virginia? We’ve made it easy for you by compiling the 2017 tax rates for Charlottesville and its surrounding counties and municipalities into one table. The real estate tax rate is measured as “cents per 100 dollars,” as represented by the decimals in the second column. Tax rates are updated every 1-6 years when the county supervisors or commissioners take a vote. The list below is current as of November 2017. Please contact each county/municipality directly for the most accurate and up-to-date information.

November 2017	CURRENT ASSESSMENT
ALBEMARLE	0.839
AMHERST	0.61
AUGUSTA	0.58
BEDFORD	0.52
BUCKINGHAM	0.55
CHARLOTTESVILLE	0.95
CULPEPER	0.67 = COUNTY plus 0.10=IF TOWN
FLUVANNA	0.907
GOOCHLAND	0.53 (+.32 EXTRA TAX IF TUCKAHOE WATER/SEWER LINES)
GREENE	0.775
LOUISA	0.72
MADISON	0.68
NELSON	0.72
ORANGE	0.804
RAPPAHANNOCK	0.70
ROCKBRIDGE	0.70
STAUNTON	0.97

2016 Central VA Real Estate Tax Rates

Each local county or municipality in Virginia sets its own real estate property tax rates, which are measured as “cents per 100 dollars” of assessed value. The City of Charlottesville sets its own rates, independent of surrounding Albemarle County. The county supervisors or commissioners can decide to change the tax rates by a vote, and typically rates are updated at least every 3-4 years. Below is an updated list of real estate property tax rates that are current as of November 2016. Please check each county/municipality link for the most accurate and up-to-date information.

County/Municipality	Real Estate Tax Rate
Albemarle	0.839
Amherst	0.61
Augusta	0.58
Bedford	0.52
Buckingham	0.55
Charlottesville	0.95
Culpeper	0.73 = County plus 0.13 = if in Town
Fluvanna	0.917
Goochland	0.53 plus 0.32 if Tuckahoe water/sewer
Greene	0.775
Louisa	0.72
Madison	0.68
Nelson	0.72
Orange	0.804
Rappahannock	0.69
Rockbridge	0.735
Staunton	0.95

It’s Tax Time

Whether you’re doing your own income tax return or having them done professionally, you need to gather information to determine if any portion of your home ownership is deductible. Here are a few questions to help identify if you may be eligible for home ownership deductions:

Did you refinance your home this year? If YES, points may be taken as an interest charge.

Do you itemize deductions or use standard deduction? Your best bet is to compare the mortgage interest, property taxes, and other eligible deductions to see which will provide you with the largest deduction.

Are you paying mortgage insurance premiums with your payment? If YES, you may be able to use this as a deduction.

Did you purchase a home in 2014? If YES, look at your HUD-1 statement from closing for any possible deductions. An example: If the seller paid points on your behalf, you may be able to deduct them. If you need another copy of your HUD-1, contact your real estate professional.

Did you purchase or install any qualified residential energy efficiency property or improvements in 2014? If YES, you may be eligible for tax credits.

Do you have a designated exclusive area in your home for a home office? If YES, you may be able to deduct a pro-rata share of home expenses such as insurance, utilities, phone, and other expenses.

For more information, visit:

2014 IRS Home Deductions – www.irs.gov/pub/irs-pdf/p936.pdf

2014 Home Mortgage Interest Deductions – www.irs.gov/pub/irs-pdf/i1040sca.pdf

Central Virginia Real Estate Tax Rates

Below are the tax rates for the various central Virginia counties as of January 2015. You should verify the rate with the county prior to making a real estate purchase as these rates may change over time.

Albemarle County .799
Amherst County .56
Augusta County .56
Buckingham County .50
Charlottesville .95
Fluvanna County .88
Greene County .72
Louisa County .68
Madison County .68
Nelson County .72
Orange County .804