Virginia

Property Tax Rates & Rules

0.82%

Effective Rate

$3,362

Median Annual Tax

$410k

Median Home Value

Available

Homestead Exempt

Full Tax Details

Avg Effective Rate0.82%

Median Home Value$410,000

Median Annual Tax$3,362

Assessment Ratio100%

Homestead ExemptionYes

Senior ExemptionYes

Highest Rate CountyManassas City

Lowest Rate CountyCraig

Payment ScheduleVaries by locality; often semi-annual (June 5 and December 5).

Assessment Method

Real estate is assessed at 100% of fair market value by local commissioners of revenue.

Homestead Exemption Details

State constitution allows local tax relief; no universal state-mandated homestead exemption.

Senior Exemption Details

Localities offer real estate tax relief for 65+ or disabled based on income and net worth limits.

How to Appeal Your Assessment

Administrative review by local assessor followed by Board of Equalization appeal.

Official Source

Virginia Tax Authority

Last verified: 2026-03-31 · Always confirm current rates before making real estate decisions.