Virginia Beach city, Virginia property tax
The median homeowner in Virginia Beach city, Virginia pays $2,929 a year in property tax on a home worth $366,300, an effective rate of 0.80%. The national effective rate is 0.98%.
What the rate means here
At 0.80%, Virginia Beach 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 $2,929, because 0.80% of $366,300 is not a small number.
It ranks #30 of 129 Virginia counties by effective rate, against a statewide 0.74%, and #1,475 nationally. The state runs from 1.14% in Manassas Park city down to 0.40% in Prince Edward County.
The median home costs 4.04 times the median household income of $90,685, close to the national 3.86. Incomes here run above the national median, which is what keeps that ratio ordinary despite the house prices. At 457,066 residents the county is large enough that its median blends several distinct housing markets.
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
| Virginia Beach city | Virginia | United States | |
|---|---|---|---|
| Effective property tax | 0.80% | 0.74% | 0.98% |
| Median tax bill | $2,929 | $2,686 | $2,969 |
| Median home value | $366,300 | $360,700 | $303,400 |
| Median gross rent | $1,649 | $1,514 | $1,348 |
| Median household income | $90,685 | $90,974 | $78,538 |
| Home price to income | 4.04× | 3.96× | 3.86× |
| Rent as share of income | 21.82% | 19.97% | 20.6% |
| Owner-occupied | 64.92% | 67.18% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 457,066.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Prince William County | 0.98% | $4,910 | $500,600 |
| Loudoun County | 0.88% | $6,186 | $701,000 |
| Chesterfield County | 0.78% | $2,636 | $336,700 |
| Henrico County | 0.72% | $2,416 | $333,600 |
| Chesapeake city | 0.82% | $2,937 | $359,100 |
Virginia Beach city property tax: common questions
What is the property tax rate in Virginia Beach city, Virginia?
The effective rate is 0.80% of home value, from a median tax bill of $2,929 against a median home value of $366,300. That is 0.18 points below the national 0.98%.
How much is property tax on a $400,000 home in Virginia Beach city?
Roughly $3,200 a year at the county effective rate of 0.80%.
Is Virginia Beach city expensive compared with the rest of Virginia?
It ranks #30 of 129 Virginia counties by effective property tax rate, and #1475 of 2,826 nationally. That is 0.06 points above the Virginia average of 0.74%.
What does housing cost in Virginia Beach city?
The median home is worth $366,300 and median gross rent is $1,649 a month. Median household income is $90,685, which puts the home at 4.04 times annual income and rent at 21.82% of it.