Effective rate
0.78%
20260.78% rateFree
Virginia Property Tax Calculator
Estimate annual and monthly property tax in Virginia using the 0.78% statewide effective rate (rank #27). Adjust home value, assessment ratio, and exemptions for a personalized figure.
Updated 2026-07-30
By Sammy S. · Founder · AuthorUpdated for 2026
0.78%
Effective rate
#27
Rank
$3,120
$400k annual
$260
$400k monthly
Defaults mirror a $400,000 home at Virginia's 0.78% effective rate with a 100% assessment ratio. Try $250k / $400k / $600k chips or add an exemption dollar amount.
Virginia property tax
Home value, rate, and exemptions
Virginia
Statewide effective rate 0.78% · rank #27
Effective rate
Statewide rates are Tax Foundation effective benchmarks (taxes paid ÷ home value)—not exact local millage. Educational estimate only.
Estimated annual property tax
$3,120
Estimated annual property tax of $3,120 using Virginia's 0.78% statewide effective rate.
$260.00/mo0.78% usedVirginia
Taxable assessed
$400,000
Assessed value
$400,000
Exemption applied
$0
vs US average
−$480
Cumulative (no inflation)
5 years
$15,600
10 years
$31,200
30 years
$93,600
Notes
- Statewide effective rates are Tax Foundation benchmarks (taxes paid ÷ owner-occupied housing value)—not your exact local millage.
- Assessment ratios, classifications, caps, and exemptions vary by locality; enter your assessor's figures when you have them.
- US average effective rate used for comparison: 0.9%.
- 5/10/30-year totals multiply annual tax with no inflation or levy growth.
Educational estimate: Statewide effective rates are benchmarks—not exact local millage. Confirm assessed value, levies, and exemptions with Virginia local officials.
Virginia property tax at a glance
US rank (highest first)
#27
$250k annual
$1,950
$400k annual
$3,120
$600k annual
$4,680
vs US avg ($400k)
−$480
Virginia's 0.78% effective rate ranks #27 and sits below the ~0.9% US benchmark. On a $400,000 home, this model is about $480 per year lower than that average.
How to estimate Virginia property tax
1
Confirm Virginia's benchmark rate
Virginia uses 0.78% in the Tax Foundation statewide table (rank #27).
2
Enter your home value
Use purchase price or a realistic market estimate for the property you are modeling.
3
Adjust assessment and exemptions
Change assessment ratio or subtract homestead/exemption dollars when you know them.
4
Review annual and multi-year totals
See monthly tax, comparison to the US average, and simple 5/10/30-year cumulative amounts for Virginia.
Virginia property tax examples ($250k–$600k)
Live estimates at 0.78% (rank #27) with a 100% assessment ratio and no exemption.
| Home value | Taxable assessed | Annual | Monthly |
|---|---|---|---|
| $250,000 | $250,000 | $1,950 | $162.50 |
| $400,000 | $400,000 | $3,120 | $260.00 |
| $600,000 | $600,000 | $4,680 | $390.00 |
$250,000 home
- Annual
- $1,950
- Monthly
- $163
$400,000 home
- Annual
- $3,120
- Monthly
- $260
$600,000 home
- Annual
- $4,680
- Monthly
- $390
Long-term cost on a $400k Virginia home
Simple cumulative totals if the annual bill stayed near today's estimate—useful for ownership-horizon budgeting, not a forecast.
5-year total
$15,600
Simple total · no inflation
10-year total
$31,200
Simple total · no inflation
30-year total
$93,600
Simple total · no inflation
What drives your Virginia property tax bill
Assessed value
Tax is applied to assessed value, which may be a fraction of market value. Use the assessment-ratio field when you know the local practice.
Local levies
School, city, county, and special districts stack. The 0.78% figure is a statewide effective average—not a single millage.
Exemptions & caps
Homestead, senior, veteran, and agricultural programs can shrink the taxable base. Assessment caps can also lag market prices after a purchase.
Reassessment timing
A sale or periodic revaluation can jump the bill. Budget with a post-purchase assessment in mind when shopping in Virginia.
Practical tips before you buy in Virginia
Pull the parcel record
Look up the address for current assessed value, exemptions on file, and last sale. Compare that to list price before you offer.
Ask for a tax estimate at closing
Lenders and title companies often quote a first-year escrow. Re-run this calculator with their assessed-value assumption.
Model monthly escrow
Divide annual tax by 12 for a rough escrow add-on to PITI. On a $400k Virginia home, that is about $260.00/mo here.
Compare nearby states
If you are relocating, open related state calculators below—small rate gaps compound over a 10–30 year hold.
Virginia property tax profile
Virginia property tax by state
Rankings, FAQs, and homebuyer guidance for Virginia
Related property tax calculators
Vermont
1.51% effective
Washington
0.75% effective
Florida
0.78% effective
Georgia
0.79% effective
Oklahoma
0.79% effective
Indiana
0.76% effective
Oregon
0.81% effective
Kentucky
0.74% effective
Virginia property tax FAQs
Virginia's Tax Foundation statewide effective rate is 0.78%, ranking #27 from highest to lowest. It is a comparable benchmark—not every local millage. Use the calculator above with your home value for a dollar estimate.
At 0.78% with a 100% assessment ratio and no exemption, this calculator estimates about $3,120 per year ($260.00/mo).
About $1,950 annually ($162.50/mo) under the same statewide effective-rate assumptions.
About $4,680 per year ($390.00 monthly) before local assessment quirks and exemptions.
Virginia's 0.78% rate is below the roughly 0.9% national benchmark used on this site. On a $400,000 taxable base, the annual gap vs that average is about $480 lower.
Often yes, when you qualify. Example: a $400,000 home with a $50,000 exemption models about $2,730/year here (taxable assessed $350,000). Confirm the exact program with the local assessor.
No. It is a statewide effective benchmark. County, city, school district, classification, caps, and exemptions can change your bill. Switch to a custom rate in the calculator if you have a tax bill percentage.
Start with expected purchase price, apply Virginia's effective rate (or a local quote), then adjust assessment ratio and exemptions. Check the parcel record for post-sale assessed value and current district levies.
Often yes via escrow—the lender collects roughly 1/12 of the annual estimate with each payment. Confirm the escrow cushion and due dates with your lender and the local tax authority.
A simple (no-inflation) cumulative estimate is about $31,200 over 10 years, or $93,600 over 30 years, if the annual bill stayed near $3,120.
Most localities allow assessment appeals with deadlines after notices. Gather comps, inspection notes, and the assessor’s valuation method. This calculator helps budget; it does not file appeals.
No. This is an educational estimate using statewide effective rates. Verify assessed value, levies, and exemptions with Virginia local officials before budgeting or closing.
Methodology
Estimates use the same engine as the hub calculator for 2026, applying Virginia's 0.78% Tax Foundation effective rate to taxable assessed value. Not included: local millage detail, assessment caps, or inflation on multi-year totals. Always verify with the local assessor.
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