The average effective property tax rate in Virginia is 0.73% of a home's value per year. On a Virginia home worth $400,000, that is about $2,920 in property tax a year, or $243 a month.
Estimate using Virginia's average effective rate. Your county's exact rate may differ — check your local assessor. See the full Virginia mortgage calculator for a complete PITI payment.
Property tax in Virginia is a local tax based on the assessed value of your home and land. The average effective rate — the tax actually paid as a share of market value — is about 0.73% statewide, though the real figure depends on your county, school district and any special levies. On the median Virginia home of roughly $400,000, that works out to about $2,920 a year. Most homeowners pay it monthly through an escrow account bundled into their mortgage payment.
Multiply your home's value by the effective rate. For example, a $400,000 home at 0.73% owes 400,000 × 0.73% = $2,920 per year. Enter your own home value above to get a personalised estimate, then confirm the exact local millage with your county assessor's office for budgeting.
At 0.73%, Virginia has one of the lower effective property-tax rates in the country — well below the US average of roughly 1.1%. That keeps the annual bill modest even on higher-value homes. The table below estimates the annual and monthly bill at Virginia's 0.73% average effective rate across common home values.
| Home value | Annual property tax | Monthly |
|---|---|---|
| $200,000 | $1,460 | $122 |
| $350,000 | $2,555 | $213 |
| $500,000 | $3,650 | $304 |
| $750,000 | $5,475 | $456 |
| $1,000,000 | $7,300 | $608 |
Estimates at the statewide average effective rate; your county's millage, exemptions (such as a homestead exemption), and assessment ratio will change the exact figure.
Property tax is one piece of the picture. See your full housing cost with the Virginia mortgage calculator, your take-home pay with the Virginia income tax calculator, and local Virginia sales tax.
Virginia's average effective property tax rate is about 0.73% of the home's market value per year. Your exact rate depends on your county, city and local levies.
At Virginia's average rate of 0.73%, a $400,000 home owes roughly $2,920 a year (about $243 a month). Use the calculator above for your own home value.
Property tax = assessed home value × the local tax rate. Enter your home value above and we apply Virginia's average effective rate; check your county assessor for the exact local millage.
Due dates vary by county — many bill annually or semi-annually, and lenders often collect it monthly through an escrow account alongside your mortgage payment.