Virginia

Virginia has an effective property tax rate of 0.8%, with a median annual property tax of $2,800. Properties are assessed at 100.0% of market value and reassessed every 1-6 years depending on locality (cities over 30,000: every 2 years; counties over 50,000: every 4 years; smaller jurisdictions: up to every 6 years). Payments are due semi-annual.

Effective Rate

0.80%

Assessment Ratio

100.0%

Median Annual Tax

$2,800

Payment Frequency

Semi-Annual

Appeal Deadline

Varies by locality; typically within 30 days of assessment notice to local Board of Equalization (usually February-April for reassessment years)

Due Dates

Varies by locality; most common: June 5 and December 5. Some localities: May 15 and November 15.

Reassessment Cycle

Every 1-6 years depending on locality (cities over 30,000: every 2 years; counties over 50,000: every 4 years; smaller jurisdictions: up to every 6 years)

Homestead Exception

Localities may exempt up to $5,000 assessed value. Elderly (65+) and disabled tax relief/exemption varies significantly by locality. Some localities offer tax deferral programs.

Key Notes

Assessment at 100% of fair market value. Independent cities and counties set their own rates. Wide variation in rates across the state (NOVA high, rural areas low). Dillon Rule state but localities have significant taxing authority. Car tax partially eliminated by state.

Late Penalty

10% penalty on delinquent taxes; plus 10% annual interest. Varies by locality.

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