Virginia Property Taxes

Property taxes are a major source of revenue for local governments in Virginia, used to fund services such as schools, roads, and public safety. Property owners in Virginia are responsible for paying property taxes annually, based on the assessed value of their property.

Assessment Process

The local government in Virginia is responsible for determining the assessed value of a property. The assessed value is based on the market value of the property and takes into account recent sales of similar properties in the area, as well as the physical characteristics of the property itself. The assessed value is then used to calculate the property tax owed.

Tax Rates

Property tax rates in Virginia vary by locality and can range from 0.7% to 1.5% of the assessed value. Tax rates are set by local government and take into account the services provided by the local government.


Virginia offers several exemptions to property owners to reduce the amount of property tax owed. Some of the most common exemptions include:

Homestead Exemption: A reduction in property taxes for eligible homeowners who occupy their primary residence.

Disabled Veterans Exemption: A reduction in property taxes for disabled veterans who own and occupy their primary residence.

Agricultural Land Exemption: A reduction in property taxes for eligible agricultural land used for farming or forestry.


If a property owner disagrees with the assessed value of their property, they can file an appeal with the local government. The appeal process typically involves a hearing where the property owner can present evidence to support their case.

In conclusion, property taxes play a crucial role in funding local government services in Virginia. Property owners in Virginia can take advantage of various exemptions and appeal processes to lower their property tax bill. It is important for property owners to understand the assessment process, tax rates, and exemptions available to better plan for and manage their property taxes.