How is Virginia property tax calculated?

Virginia real estate tax equals (assessed value − exemptions) ÷ 100 × the local rate. The rate is expressed in dollars per $100 of assessed value and is set independently by each county and city.

What is a typical Virginia property tax rate?

Rates vary widely by locality — roughly $0.50 to $1.20 per $100 of assessed value. Fairfax County is near $1.10, while many rural counties are well under $0.70. Always use your own locality's current rate.

Does Virginia have a homestead exemption?

Virginia does not offer a broad homestead exemption like some states, but it provides real estate tax relief for qualifying elderly, disabled, and veteran homeowners. Enter any exemption amount you qualify for.

Is assessed value the same as market value?

Virginia law requires assessments at 100% of fair market value, so assessed value is usually close to market value. Localities reassess on different cycles, so your assessment may lag a fast-moving market.

Is my data sent anywhere?

No. The calculation runs entirely in your browser. Nothing you enter is uploaded or stored.

Virginia Property Tax Estimator

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This Virginia property tax estimator computes your annual real estate tax from your home’s assessed value and your local rate. Virginia rates are set per $100 of assessed value and differ a lot between counties and cities, so this tool lets you plug in your locality’s actual rate.

How it works

Virginia real estate tax uses a simple per-$100 formula:

Start with the assessed value (Virginia assesses at 100% of fair market value).
Subtract any exemption you qualify for (elderly, disabled, or veteran relief).
Divide by 100 and multiply by your local rate (dollars per $100).

So tax = (assessed value − exemption) ÷ 100 × rate.

Example

A $450,000 home in a county with a $0.95 rate and no exemption owes 450000 ÷ 100 × 0.95 = $4,275 per year. With a $20,000 elderly-relief exemption, the taxable base drops to $430,000 and the bill falls to $4,085.

Notes

This estimate covers the base real estate tax only. It does not include special district levies, stormwater fees, or personal property tax on vehicles, which Virginia also charges. Confirm your current rate and any relief program with your city or county Commissioner of the Revenue.