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Tax Foundation · 2024

Property tax in Virginia

The effective rate is about 0.78% of the home's value a year (Tax Foundation, 2024). On a $400,000 home that is about $3,120 a year (our calculation). Rates vary a lot by county and town.

Property tax
0.78%
of home value a year
Tax on a $400,000 home
$3,120
A month
$260
Rank
25 of 51
1 = lowest
StateProperty taxRank
Indiana0.76%23
Florida0.78%24
Virginia0.78%25
Georgia0.79%26
Oklahoma0.79%27

Source: Tax Foundation, Effective property tax rates on owner-occupied housing, 2024 (state tax rates and rankings pages). Real estate taxes paid as a share of owner-occupied housing value (total taxes paid ÷ total home value), from the Census Bureau's 2024 American Community Survey with Tax Foundation calculations, as shown on each state's Tax Foundation page (accessed Oct 24, 2026). Business and rental property taxes are not included. Local rates vary widely within a state.

Common questions

What is the property tax rate in Virginia?

The effective rate is about 0.78% of the home's value a year (Tax Foundation, 2024). On a $400,000 home that is about $3,120 a year (our calculation). Rates vary a lot by county and town.

Does Virginia have high property taxes?

Virginia ranks 25 of 51 (1 = lowest effective rate), based on Tax Foundation's 2024 figures.

See the full monthly cost of a home with the mortgage calculator.

More for Virginia: monthly budget · take-home pay · rent.

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