Virginia Property Tax Calculator
Calculate property taxes in Virginia. VA effective property tax rate is 0.8% with a median home value of $370,000. Includes VA assessment ratios and exemptions.
Virginia at a Glance
$370,000
Median Home Price
0.8%
Property Tax Rate
$1,800
Avg Home Insurance
$766,550
FHA Loan Limit
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Reviewed & Methodology
Every calculator is built using industry-standard formulas, validated against authoritative sources, and reviewed by a credentialed financial professional. State-specific data is sourced from official government publications.
Property Tax Calculator in Virginia
The median home price in Virginia is $370,000, which is 12% below the national average of $420,000. Virginia's effective property tax rate of 0.8% is 0.3 percentage points lower than the national average of 1.1%.
| Metric | Virginia (VA) | National Avg | vs National Average |
|---|---|---|---|
| Median Home Price | $370,000 | $420,000 | -12% |
| Property Tax Rate | 0.8% | 1.1% | -0.30% |
| Home Insurance (Annual) | $1,800 | $2,300 | -22% |
| State Sales Tax | 5.3% | 5% | +0.3% |
| FHA Loan Limit | $766,550 | $472,030 | Higher |
| Conforming Loan Limit | $766,550 | $766,550 | Standard |
Homeownership in Virginia
Virginia's housing market is defined by Northern Virginia -- the DC suburbs of Fairfax, Arlington, Alexandria, and Loudoun County -- where median prices regularly exceed $600,000 driven by federal government and defense contractor employment. The statewide median around $370,000 is a blend of this expensive north with more affordable central and southwest Virginia. Virginia's income tax tops out at 5.75% and the state has no estate tax, maintaining a relatively competitive overall profile.
Tips for Virginia Homebuyers and Homeowners
- Northern Virginia properties in Arlington and Fairfax are assessed at market value annually -- budgets must account for potential assessment increases as the DC market remains under constant demand pressure.
- Virginia's property tax rates vary substantially by jurisdiction -- Arlington County (1.02%) and Fairfax County (1.14%) are moderate, but rural counties in southwest Virginia can be below 0.5%.
- Virginia has a Personal Property Tax on vehicles in addition to real property taxes -- this adds $600-$1,500 per year per vehicle in most jurisdictions, a cost often overlooked by buyers relocating from states without this tax.
- The Military and Veterans Tax Exemption exempts surviving spouses of military members killed in action from real property taxes on their primary residence.
Virginia Programs and Assistance
- Virginia Housing First-Time Homebuyers Program (Virginia Housing) -- competitive 30-year fixed rate mortgages for first-time buyers with DPA options including grants and deferred loans.
- Virginia Housing Down Payment Assistance Grant -- provides 2-2.5% of the purchase price as an outright grant (no repayment required) for buyers using Virginia Housing first mortgages.
- Virginia Housing Mortgage Credit Certificate -- 20% of annual mortgage interest as a direct federal tax credit, available statewide to first-time buyers.
Did you know? Northern Virginia's Loudoun County saw a 200% population increase between 2000 and 2020, driven by data center construction, federal agency expansion, and Dulles airport growth -- making it one of the fastest-growing counties in the entire country during that period.