Virginia Property Tax Calculator 2026

Calculate property taxes in Virginia. The average effective property tax rate in VA is 0.75%, which is below the national average of 0.89%. Estimate your annual property tax bill.

By Konstantin Iakovlev · Updated October 19, 2026 · Methodology

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Annual Property Tax

$2,625.00

Monthly Equivalent

$218.75

Effective Rate

0.750%

Property Tax Breakdown

Assessed Value$350,000.00
Homestead Exemption$0.00
Taxable Value$350,000.00
Annual Tax$2,625.00
Monthly Equivalent$218.75

Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.

Virginia Property Tax Guide

Virginia's real estate tax is assessed and billed entirely at the local level; there is no statewide property tax. Counties, cities, and towns each set their own rate per $100 of assessed value and run their own assessment cycles, so the rate in one jurisdiction can differ sharply from the next. Across the Commonwealth the average effective rate works out to about 0.75% of a home's value, below the roughly 0.9% national average, though the figure in any given locality can sit well above or below that benchmark.

To estimate a bill, start from the assessed value your locality places on the property, then multiply by the local rate. At the statewide average of 0.75%, a home assessed at $400,000 would owe roughly $3,000 a year, but the only rate that matters for your bill is the one your county or city publishes. Virginia offers targeted relief rather than a broad homestead exemption: localities are authorized to grant real estate tax relief for qualifying elderly and permanently disabled homeowners, and the state provides a full exemption for the primary residence of certain 100% service-connected disabled veterans and their surviving spouses.

Virginia Property Tax Details (2026)

Avg. Effective Property Tax Rate 0.75%
National Average 0.89%
vs. National Average 0.14 points below
Estate Tax None
State Sales Tax 4.3%
State Income Tax progressive (up to 5.75%)

Official Sources:

Virginia Property Tax FAQ

What is the average property tax rate in Virginia?
The average effective rate is about 0.75% of a home's value, lower than the national average of roughly 0.9%. Because property tax is levied locally, the rate that applies to you is set by your county, city, or town, and individual localities can run noticeably higher or lower than the statewide average. There is no separate state property tax on top of the local levy.
How do I estimate my Virginia property tax bill?
Take the assessed value your locality assigns to the property and multiply it by the local tax rate. Using the statewide average of 0.75%, a $400,000 home would owe roughly $3,000 per year, but you should substitute your own jurisdiction's published rate for an accurate figure. Assessment practices and reassessment timing vary by locality, so the assessed value may differ from a recent sale price.
Does Virginia have a homestead exemption?
Virginia doesn't offer a broad homestead exemption that automatically lowers every homeowner's bill. Instead, localities are authorized to provide real estate tax relief to qualifying elderly and permanently disabled residents, often with income and asset limits. The state also fully exempts the primary residence of certain 100% service-connected disabled veterans and their surviving spouses from local real estate tax.
Who assesses and collects property tax in Virginia?
Local governments handle the entire process. The county or city assessor sets the assessed value, the local governing body adopts the rate per $100 of value, and the local treasurer or finance office bills and collects the tax. Because each locality runs its own cycle and rate, two similar homes in adjacent jurisdictions can carry meaningfully different tax bills.

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