What is the property tax rate in Virginia?

Virginia has an average effective property tax rate of about 0.82% — the typical ratio of tax actually paid to home value across the state. On a $350,000 home that works out to roughly $2,870 per year.

How is Virginia property tax calculated?

This estimator multiplies your home value (after any homestead exemption) by the 0.82% effective rate. Actual bills are set by local mill or millage rates that vary by county, city and school district, so your exact figure may differ.

What would property tax be on a $350,000 home in Virginia?

At Virginia's 0.82% effective rate, a $350,000 home owes about $2,870 per year, or roughly $239 per month before any exemptions.

Does a homestead exemption lower my Virginia property tax?

Yes. A homestead exemption reduces the taxable value of an owner-occupied home before the rate is applied, so a larger exemption means a lower bill. Enter your exemption amount in the tool to see the effect.

How accurate is this Virginia estimate?

It is a close statewide estimate based on the 0.82% average effective rate. Because local levies differ, confirm the precise figure with your county assessor or revenue department.

Virginia Property Tax Estimator (2026)

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This Virginia property tax estimator turns your home value into an annual and monthly property tax bill using Virginia’s 0.82% average effective tax rate — the typical ratio of tax paid to home value across the state. Enter your assessed or market value and an optional homestead exemption to see what you would owe.

How it works

Virginia’s effective property tax rate is about 0.82%. The effective rate is a statewide average — the total property tax actually paid divided by total home value — which folds together the many local mill rates set by counties, cities and school districts into one comparable number.

The estimate is straightforward:

taxable value = home value − homestead exemption
annual tax    = taxable value × 0.0082
monthly tax   = annual tax ÷ 12

If you do not enter an exemption, the full home value is taxed.

Example

Take a $350,000 home in Virginia with no homestead exemption. At the 0.82% effective rate the annual tax is $350,000 × 0.0082 = $2,870, which is about $239 per month. Applying a homestead exemption lowers the taxable value first, so a $25,000 exemption would drop the taxable base to $325,000 and the annual tax to about $2,665.

Notes

This is an estimate only and not tax advice. Virginia property tax is ultimately set by local mill or millage rates that vary by jurisdiction, so your actual bill may be higher or lower than this statewide-average figure. Confirm the exact rate and any exemptions with your county assessor or your state revenue department before relying on the number.