Property Taxes in Virginia
Virginia's effective property tax rate is 0.77%, ranking #26 out of 50 states (1 = lowest). The median annual property tax paid is $2,665.
Virginia's property tax rates vary enormously between jurisdictions. Northern Virginia counties (Arlington, Fairfax) have moderate rates that produce high dollar amounts due to expensive homes, while some rural Virginia counties have rates among the lowest in the state. Virginia assesses property at 100% of fair market value, and localities set their own tax rates. The state offers a real estate tax relief program for seniors and disabled persons, and many localities provide additional local tax relief programs. Virginia Beach and Norfolk have higher rates than the Hampton Roads average.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
0.77%
Median Annual Tax
$2,665
National Rank
#26 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $1,540 | $128 |
| $300,000 | $2,310 | $193 |
| $400,000 | $3,080 | $257 |
| $500,000 | $3,850 | $321 |
| $750,000 | $5,775 | $481 |
* Based on the average effective rate of 0.77%. Actual rates vary by county and municipality.
Homestead Exemption in Virginia
Up to $25,000 (varies by locality)
File for the homestead exemption after purchasing your primary residence in Virginia to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
How Virginia Compares
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