Petersburg city, Virginia property tax
The median homeowner in Petersburg city, Virginia pays $1,449 a year in property tax on a home worth $157,900, an effective rate of 0.92%. The national effective rate is 0.98%.
What the rate means here
Petersburg city taxes property at 0.92%, within a rounding error of the national 0.98%. That makes the $1,449 median bill mostly a statement about local house prices rather than about local tax policy.
It ranks #16 of 129 Virginia counties by effective rate, against a statewide 0.74%, and #1,212 nationally. The state runs from 1.14% in Manassas Park city down to 0.40% in Prince Edward County.
The median home costs 3.11 times the median household income of $50,741, 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. With 33,365 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
| Petersburg city | Virginia | United States | |
|---|---|---|---|
| Effective property tax | 0.92% | 0.74% | 0.98% |
| Median tax bill | $1,449 | $2,686 | $2,969 |
| Median home value | $157,900 | $360,700 | $303,400 |
| Median gross rent | $1,132 | $1,514 | $1,348 |
| Median household income | $50,741 | $90,974 | $78,538 |
| Home price to income | 3.11× | 3.96× | 3.86× |
| Rent as share of income | 26.77% | 19.97% | 20.6% |
| Owner-occupied | 38.25% | 67.18% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 33,365.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Accomack County | 0.50% | $962 | $193,100 |
| Pulaski County | 0.64% | $1,176 | $182,500 |
| Halifax County | 0.49% | $729 | $148,900 |
| Botetourt County | 0.65% | $1,761 | $268,900 |
| Caroline County | 0.56% | $1,585 | $283,100 |
Petersburg city property tax: common questions
What is the property tax rate in Petersburg city, Virginia?
The effective rate is 0.92% of home value, from a median tax bill of $1,449 against a median home value of $157,900. That is 0.06 points below the national 0.98%.
How much is property tax on a $400,000 home in Petersburg city?
Roughly $3,680 a year at the county effective rate of 0.92%.
Is Petersburg city expensive compared with the rest of Virginia?
It ranks #16 of 129 Virginia counties by effective property tax rate, and #1212 of 2,826 nationally. That is 0.18 points above the Virginia average of 0.74%.
What does housing cost in Petersburg city?
The median home is worth $157,900 and median gross rent is $1,132 a month. Median household income is $50,741, which puts the home at 3.11 times annual income and rent at 26.77% of it.