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Virginia Property Tax. Homeowners in the state of Virginia pay property tax rates that are well below the national average of 1.07%. In fact, the state's average effective property tax rate is just 0. 80%, which falls in the bottom half of the nation. Home values are quite high in Virginia, though, so homeowners here often pay annual property ...
- Fairfax County, VA Property Tax Calculator - SmartAsset
Fairfax County’s median home values are some of the highest...
- Fairfax County, VA Property Tax Calculator - SmartAsset
Personal property taxes and real estate taxes are local taxes, which means they're administered by cities, counties, and towns in Virginia. Tax rates differ depending on where you live. If you have questions about personal property tax or real estate tax, contact your local tax office. Use the map below to find your city or county's website to ...
To use the calculator, just enter your property's current market value (such as a current appraisal, or a recent purchase price). For comparison, the median home value in Virginia is $252,600.00. If you need to find your property's most recent tax assessment, or the actual property tax due on your property, contact your county or city's ...
- Property Taxes in Virginia
- Transfer Taxes in Virginia
- Capital Gains Tax in Virginia
- Methodology
The average effective property tax rate in Virginia is 0.81%, but this can vary quite a bit depending on which county the home is in.
Transfer tax is a blanket term used to describe fees charged by the state or local municipality when transferring property from one entity to another. Virginia's current transfer tax rate is usually $3.50 per $1,000. So, for a house worth $394,085 — the median home price in the state — the transfer tax due will be $1,379. Some cities and counties a...
Capital gains are profits made from selling an asset. If you sell your property at a gain, you may owe taxes on the profits to the IRS and the state. Fortunately, there are ways to avoid paying taxes on your home sale profits.
The Clever team of researchers gathered data for property taxes, transfer taxes, and capital gains rules using publicly available information from government websites. Additionally, we utilized the following data: 1. Home values, list prices, and sale prices: Based on Zillowdata as of July 2024. 2. Transfer taxes and mortgage taxes: Based on public...
To calculate your property taxes in Virginia, you need to multiply your property's assessed value by the property tax rate applicable in your jurisdiction. Divide the assessed value by 100 to find the amount per $100 of value, and then apply the tax rate.
Oct 9, 2023 · Whether you are an investor, property manager, or homeowner considering a new property in the state, you'll be happy to know that Virginia is home to breathtaking natural attractions, has a steady job market, and cultural diversity. It also boasts a low tax rate of 0.80 percent, which is lower than the national average of 1.07 percent.
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Fairfax County’s median home values are some of the highest in the country at $576,700. This is well above Virginia’s state median home value of $330,600. Fairfax County homeowners pay a median annual property tax bill of $6,463. This is more than double the statewide median at $2,485 and the national median at $2,795.
