Example of Alexandria City Property Tax Calculation
Alexandria City Property Tax is calculated based on the assessed value of a property. To determine the assessed value, the city conducts an appraisal of the property, taking into account factors such as size, location, and condition.
Once the assessed value is determined, the city applies a tax rate, which is set annually by the City Council. For example, if the assessed value of a property is $200,000 and the tax rate is 1.2%, the property tax due would be $2,400.
It's important to note that property tax payments are typically due in two installments each year, with the first payment due on June 15 and the second payment due on December 15. Failure to make timely payments can result in late fees and penalties.
While property taxes may seem like a burden, they play an important role in funding important city services such as schools, public safety, and infrastructure maintenance.
If you want appeal your property tax assessment - contact your local tax assessor.
Alexandria City Property Tax Rates
The Alexandria City Property Tax rates are as follows:
| Tax Type | Rate per $100 of Assessed Value |
|---|---|
| Real Estate Tax | $1.13 |
| Personal Property Tax | $5.00 |
| Machinery and Tools | $2.75 |
| Tangible Personal Prop. | $5.00 |
| Mobile Homes | $1.13 |
It is important to note that these rates are subject to change and may vary based on specific circumstances. It is recommended to consult with a tax professional for personalized advice.
Who sets property tax rates in Alexandria City ?
Who sets property tax rates in Alexandria City?
The City Council of Alexandria is responsible for setting property tax rates in Alexandria City.
When are property tax rates set in Alexandria City?
Property tax rates in Alexandria City are set annually during the budget adoption process, typically in the spring. The City Council considers various factors such as revenue projections, expenditures, and community priorities before finalizing the rates.
Important Information about Alexandria City Property Taxes
- Alexandria City property tax rates are based on a percentage of the assessed property value.
- Property assessments are conducted by the Alexandria City Assessor's Office.
- Property owners are notified of their assessed values and the resulting tax rates each year.
- Property tax due dates vary depending on the type of property and ownership status.
It is important for property owners in Alexandria City to stay informed about their property tax obligations and to seek guidance from a tax advisor if needed.
Homestead exemptions in Alexandria City ?
To help Alexandria City residents better understand their Homestead exemptions and deductions, we've compiled a table with all the information they need. The table includes the exemptions, eligibility requirements, the maximum amount that can be exempted, and any additional notes that homeowners should be aware of.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead | Must be the primary residence of the homeowner | $8,000 | Applies to county property taxes and some city taxes |
| Senior Citizen | Must be over 65 years old and make less than $99,472/year | $8,000 | Cannot claim both this and the Disabled exemption |
| Disabled | Must have a physical or mental disability and make less than $99,472/year | $8,000 | Cannot claim both this and the Senior Citizen exemption |
| Spouse of deceased | Must be the surviving spouse of a deceased homeowner | $8,000 | Only eligible for the tax year following the homeowner's death |
| Disabled veteran | Must have a service-related disability and be a Virginia resident | Up to $10,000 | Can be applied to both county and city taxes |
| Surviving spouse of a veteran | Must be the surviving spouse of a veteran who died during service or as a result of service | Up to $10,000 | Can be applied to both county and city taxes |
Please note that homeowners can only claim one exemption at a time, with the exception of the general Homestead exemption which can be combined with any other exemption. It's also important to note that these exemptions may change from year to year, so homeowners should always check with their local tax authority for the most up-to-date information.
We hope this information helps Alexandria City residents take full advantage of their Homestead exemptions and deductions.
When is Alexandria City Property Tax due ?
Alexandria City Property Tax is typically due on June 15th of each year.
Here are the payment methods available:
| Payment Method | Details |
|---|---|
| Online | Payments can be made online with a credit card or eCheck through the City's website. You will need your account number and the amount due. |
| Payments can be mailed to the City's Treasurer's Office. The address can be found on the tax bill. Make sure to include your account number on the check. | |
| In-person | Payments can be made in-person at the City's Treasurer's Office. The address and hours can be found on the City's website. Credit cards are not accepted in-person. |
It is important to note that if the due date falls on a weekend or holiday, the payment is considered on time if it is received by the next business day. Additionally, late payments will incur interest and penalties. It is recommended to pay on time to avoid additional fees.
If you have more questions - contact your local tax collector.
How is Alexandria City Property Tax penalty calculated ?
Alexandria City calculates property tax penalties based on a percentage of the unpaid taxes and the number of days late. Here's an example to help you understand how it works:
Imagine a homeowner who owes $5,000 in property taxes to Alexandria City. If the homeowner misses the tax deadline by 30 days, the city will impose a penalty of 10% of the unpaid taxes. That means the homeowner would owe an additional $500 (10% of $5,000) in penalties.
If the homeowner continues to not pay the taxes and penalty for another 30 days, Alexandria City will impose an additional penalty of 15%. That means the homeowner would owe another $750 (15% of $5,000) in penalties, bringing the total penalties to $1,250.
To make it easier to understand, here is a table that shows how the penalties are calculated:
| Number of days late | Penalty percentage | Penalty amount |
|---|---|---|
| Up to 30 days | 10% | $500 |
| 31-60 days | 15% | $750 |
| 61-90 days | 20% | $1,000 |
| 91 days or more | 30% | $1,500 |
It's important to note that these percentages and time frames may vary depending on the specific local laws and regulations of Alexandria City. Homeowners should always consult with their local tax authority to understand the penalties and fees associated with late property tax payments.
We recommend contacting the Alexandria City Tax Office or a local tax professional for the most up-to-date and accurate information.