Q: When are property taxes due in Fauquier County for FY 2025?
A: Real estate taxes are due semi-annually on June 5th and December 5th. Personal property taxes are due annually on October 25th. A 2% late payment penalty is added to unpaid balances after the due date.
Q: What tax credits are available and do I need to apply?
A: Fauquier County offers several tax credits including elderly/disabled tax relief, veteran disability credits, and land use taxation for agricultural/forestry properties. All credits require separate applications and are not automatically applied. Contact the Commissioner of Revenue at (540) 422-8105 for application forms and deadlines.
Q: How does the homestead exemption work in Fauquier County?
A: Virginia's homestead exemption caps assessment increases rather than reducing market value. Qualifying homeowners may limit annual assessment increases, but must file an application with income documentation. The exemption applies to the dwelling and up to five acres and requires annual renewal.
Q: How often are properties reassessed in Fauquier County?
A: Fauquier County conducts annual assessments with values effective each January 1st for the following fiscal year. Property owners receive assessment notices in early spring and have appeal rights if they believe the assessed value is incorrect.
Q: What are the penalties for late property tax payments?
A: A 2% penalty is added to all unpaid balances after the due date. Additional interest may accrue on delinquent accounts, and the county may pursue collection actions including liens and potential sale of property for unpaid taxes.
Q: Can I pay property taxes online?
A: Yes, Fauquier County offers online payment options through the County Treasurer's website. Payments can be made by electronic check or credit card, though convenience fees may apply for credit card transactions.
Q: Do special taxing districts affect my property tax bill?
A: Yes, properties located within special taxing districts may have additional assessments for services such as fire protection, sanitation, or other localized services. These appear as separate line items on your tax bill and vary by location within the county.
Q: What triggers a supplemental tax assessment?
A: Supplemental assessments occur when property changes ownership, new construction is completed, major improvements are made, or assessment corrections are necessary during the tax year. The supplemental tax covers the period from the change date through June 30th on a prorated basis.