Although tax season is long gone and the next one has yet to begin, taxes are never far from our minds – especially when elections are looming. With that thought in mind, we thought we’d take a closer look at property taxes in Virginia – namely, the lowest property taxes in Virginia.

You may or may not know that Virginia does not have a set state property tax; instead, each individual county or city government is responsible for establishing its own tax rates. Tax Rates, an online tax resource, states that Virginians pay an average of $1,862 yearly in personal property tax (based on a median property home value of $252,600). This means that we pay an average tax rate of 0.74% or 2.53% of our median annual income of $73,565. While that may sound pretty steep, Virginia actually has one of the nation’s lower average tax rates. 

By looking at each city and county’s median house value and the percentage of tax assessed on that property value, Tax Rates provides a breakdown of every local tax rate in Virginia. Considering that the highest property tax in the state occurs in Fall Church City where an average of $6,005, or 0.94% of median property value, is paid annually, it’s pretty impressive that these 11 counties all come in at $500 or less. How many of these amazing counties have you visited? Do you live in one instead? Tell us what you think in the comments!

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As you can see, some places have higher percentages that they pay, but due to lower housing costs, the annual amounts come out lower – or higher – depending on the combination. Do you live in any of these counties? How about the taxes where you live? Do you feel that they are fair? We would love to hear your thoughts in the comments!

If you can’t get enough of this beautiful life in Virginia, you might also want to check out the safest towns in VA while you’re here.

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More to Explore

Lowest Property Taxes in Virginia

  1. Does Virginia tax social security?  

The state of Virginia does not tax social security benefits, and if said benefits are taxed at a federal level, this tax can be written off on the next tax return. Nice!  

2. Which county has the lowest property taxes in Virginia?  

Buchanan County is the county with the lowest property taxes in Virginia. Other counties with remarkably low property taxes include:  

  • Wise County ($428) 
  • Lee County ($421) 
  • Henry County ($470) 
  • Dickenson County ($368) 

 

3. Which county has the highest property taxes in Virginia?  

Loudoun County, at the time of this writing, has the highest property taxes in Virginia. Other counties with the highest property taxes in VA are:  

  • Falls Church City ($6,005) 
  • Manassas Park City ($3,756) 
  • Rappahannock County ($2,287) 
  • Stafford County ($2,477)