The rate in context
On a $400,000 home, 0.78% means roughly $3,120 per year in property tax, escrowed monthly, so it lands directly in your payment and your debt-to-income ratio.
Exemptions and notes
No statewide assessment cap; localities set rates annually, and many offer relief programs for seniors and disabled homeowners.
Sources: Tax Foundation 2026 (2024 ACS); Va. Code 58.1-802. County-level rates vary; your county page has local detail.
Counties in Virginia
FAQ
What is the average property tax rate in Virginia?
The average effective property tax rate in Virginia is about 0.78%, per Tax Foundation 2026 (2024 ACS); Va. Code 58.1-802. Individual counties vary above and below that average.
How do Virginia property taxes affect my mortgage?
Taxes are escrowed into your monthly payment, so a higher rate directly reduces how much house you qualify for. No statewide assessment cap; localities set rates annually, and many offer relief programs for seniors and disabled homeowners.