Fredericksburg city, Virginia property tax
The median homeowner in Fredericksburg city, Virginia pays $2,853 a year in property tax on a home worth $461,500, an effective rate of 0.62%. The national effective rate is 0.98%.
What the rate means here
At 0.62%, Fredericksburg city taxes property more lightly than the national 0.98%. A low rate on an expensive house is not the bargain it looks like. The median bill is still $2,853, because 0.62% of $461,500 is not a small number.
It ranks #68 of 129 Virginia counties by effective rate, against a statewide 0.74%, and #2,031 nationally. The state runs from 1.14% in Manassas Park city down to 0.40% in Prince Edward County.
The median home costs 5.41 times the median household income of $85,368, against 3.86 nationally, so housing absorbs an unusually large share of what people here earn. Renters pay 21.38% of median income in gross rent. With 28,383 residents, the sample behind these medians is small, and the survey's own margins of error are correspondingly wider.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Fredericksburg city | Virginia | United States | |
|---|---|---|---|
| Effective property tax | 0.62% | 0.74% | 0.98% |
| Median tax bill | $2,853 | $2,686 | $2,969 |
| Median home value | $461,500 | $360,700 | $303,400 |
| Median gross rent | $1,521 | $1,514 | $1,348 |
| Median household income | $85,368 | $90,974 | $78,538 |
| Home price to income | 5.41× | 3.96× | 3.86× |
| Rent as share of income | 21.38% | 19.97% | 20.6% |
| Owner-occupied | 41.56% | 67.18% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 28,383.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Wythe County | 0.49% | $851 | $172,100 |
| Dinwiddie County | 0.60% | $1,478 | $246,100 |
| Winchester city | 0.77% | $2,505 | $325,900 |
| Fluvanna County | 0.65% | $1,835 | $281,700 |
| Carroll County | 0.60% | $861 | $144,200 |
Fredericksburg city property tax: common questions
What is the property tax rate in Fredericksburg city, Virginia?
The effective rate is 0.62% of home value, from a median tax bill of $2,853 against a median home value of $461,500. That is 0.36 points below the national 0.98%.
How much is property tax on a $400,000 home in Fredericksburg city?
Roughly $2,480 a year at the county effective rate of 0.62%.
Is Fredericksburg city expensive compared with the rest of Virginia?
It ranks #68 of 129 Virginia counties by effective property tax rate, and #2031 of 2,826 nationally. That is 0.12 points below the Virginia average of 0.74%.
What does housing cost in Fredericksburg city?
The median home is worth $461,500 and median gross rent is $1,521 a month. Median household income is $85,368, which puts the home at 5.41 times annual income and rent at 21.38% of it.