What is the property tax rate in Virginia?

Virginia has an effective property tax rate of 0.74%, ranking it #33 out of 50 states. The median homeowner pays $2,686 per year.

How are property taxes calculated in Virginia?

Property taxes in Virginia are calculated by multiplying the assessed value of your property by the local tax rate (millage rate). The effective rate shown here (0.74%) represents the median taxes paid as a percentage of median home value across the state.

Which county in Virginia has the lowest property taxes?

Among Virginia's 133 counties, Winchester city has one of the lowest effective property tax rates.

Does Virginia have a homestead exemption?

Yes, Virginia offers several property tax exemptions including: Real Estate Tax Relief (Elderly/Disabled), Disabled Veteran, Veteran Exemption (Partial Disability). See the exemptions section above for details.

Virginia Property Tax Rate

2023 Data · 133 Counties

0.74%effective rate

Virginia has an effective property tax rate of 0.74%, ranking it #33 among all 50 states. The median homeowner in Virginia pays $2,686 per year in property taxes on a home valued at $360,700. This rate is 22% lower than the national average of 0.95%.

Effective Tax Rate📊

0.74%

#33 of 50 states

Median Tax Paid🏠

$2,686

Per year

Median Home Value💰

$360,700

2023 estimate

Total Counties📍

133

Population: 8,657,499

Property Tax Rates by County in Virginia

Rank ▲	County	Effective Rate	Median Tax	Median Value
#1	Manassas Park city	1.14%	$4,329	$381,200
#2	Manassas city	1.10%	$4,766	$434,700
#3	Portsmouth city	1.07%	$2,452	$229,400
#4	Newport News city	1.03%	$2,507	$243,300
#5	Fairfax County	1.01%	$7,072	$699,700
#6	Norfolk city	1.01%	$2,738	$271,900
#7	Roanoke city	1.01%	$1,828	$180,500
#8	Alexandria city	0.99%	$6,879	$696,800
#9	Falls Church city	0.99%	$10,001	$1,005,400
#10	Prince William County	0.98%	$4,910	$500,600
#11	Hopewell city	0.97%	$1,600	$165,100
#12	Hampton city	0.96%	$2,259	$234,100
#13	Buena Vista city	0.94%	$1,444	$153,500
#14	Fairfax city	0.94%	$6,392	$677,400
#15	Suffolk city	0.93%	$3,073	$329,600
#16	Colonial Heights city	0.92%	$2,127	$231,700
#17	Petersburg city	0.92%	$1,449	$157,900
#18	Salem city	0.91%	$2,232	$244,800
#19	Arlington County	0.90%	$7,774	$864,800
#20	Poquoson city	0.90%	$3,640	$403,000

How Virginia Compares

Virginia

0.74%

National Average

0.95%

Neighboring States

Calculate Your Property Tax in Virginia

Property Tax Calculator

Estimate your annual property tax based on your location and home value

State

County

Home Value

$50k$2M

Apply homestead exemption ($100,000 reduction)

Estimated Annual Property Tax

$2,220

$185/month · Rate: 0.74%

Home Value

$300,000

Taxable Value

$300,000

Effective Rate

0.74%

Virginia Property Tax Exemptions

✓

Real Estate Tax Relief (Elderly/Disabled)

Varies by locality; may exempt or defer a portion or all of property taxes

Homeowners age 65+ or permanently disabled; income and net worth limits set by locality (typically income under $50,000-$72,000)

✓

Disabled Veteran

100% exemption from property taxes on primary residence

Veterans with 100% permanent and total service-connected disability; surviving spouse may retain

✓

Veteran Exemption (Partial Disability)

Varies by locality

Veterans with service-connected disability; locality must have adopted the exemption

Nearby States

District of Columbia

0.58%

Kentucky

0.77%

Maryland

1.00%

North Carolina

0.70%

Tennessee

0.55%

West Virginia

0.54%

Frequently Asked Questions

Data Source: U.S. Census Bureau, 2023 American Community Survey 5-Year Estimates. Effective tax rates are calculated by dividing median real estate taxes paid by median home value.