Galax city, Virginia property tax
The median homeowner in Galax city, Virginia pays $962 a year in property tax on a home worth $126,800, an effective rate of 0.76%. The national effective rate is 0.98%.
What the rate means here
At 0.76%, Galax city taxes property more lightly than the national 0.98%. With a median home at $126,800, that produces a bill of $962. Somebody still funds the schools, so it is worth knowing what a low-tax county collects instead.
It ranks #39 of 129 Virginia counties by effective rate, against a statewide 0.74%, and #1,577 nationally. The state runs from 1.14% in Manassas Park city down to 0.40% in Prince Edward County.
The median home costs 3.06 times the median household income of $41,438, close to the national 3.86. Incomes run below the national median, and house prices run below it too, which is what keeps the ratio ordinary. This is a small rural county of 6,698 people. Five-year survey estimates for places this size carry wide margins of error, so treat the figures as approximate.
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
| Galax city | Virginia | United States | |
|---|---|---|---|
| Effective property tax | 0.76% | 0.74% | 0.98% |
| Median tax bill | $962 | $2,686 | $2,969 |
| Median home value | $126,800 | $360,700 | $303,400 |
| Median gross rent | $692 | $1,514 | $1,348 |
| Median household income | $41,438 | $90,974 | $78,538 |
| Home price to income | 3.06× | 3.96× | 3.86× |
| Rent as share of income | 20.04% | 19.97% | 20.6% |
| Owner-occupied | 61.63% | 67.18% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 6,698.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Charles City County | 0.60% | $1,354 | $224,100 |
| King and Queen County | 0.52% | $1,261 | $240,900 |
| Buena Vista city | 0.94% | $1,444 | $153,500 |
| Surry County | 0.63% | $1,474 | $235,200 |
| Bland County | 0.55% | $868 | $157,100 |
Galax city property tax: common questions
What is the property tax rate in Galax city, Virginia?
The effective rate is 0.76% of home value, from a median tax bill of $962 against a median home value of $126,800. That is 0.22 points below the national 0.98%.
How much is property tax on a $400,000 home in Galax city?
Roughly $3,040 a year at the county effective rate of 0.76%.
Is Galax city expensive compared with the rest of Virginia?
It ranks #39 of 129 Virginia counties by effective property tax rate, and #1577 of 2,826 nationally. That is 0.02 points above the Virginia average of 0.74%.
What does housing cost in Galax city?
The median home is worth $126,800 and median gross rent is $692 a month. Median household income is $41,438, which puts the home at 3.06 times annual income and rent at 20.04% of it.