Virginia Property Tax Calculator
Estimate your annual property taxes in Virginia. Calculate assessed value and apply Virginia average millage rates.
Why calculating finance in Virginia is different
Virginia has a progressive income tax system.
State Income Tax
2% - 5.75%
Base Sales Tax
5.3%
State Min Wage
$12.00 / hr
Abbreviation
VA
Virginia Finance Interactive Tool
This calculator uses the latest 2026 data for Virginia, including the minimum wage of $12.00 and the specific state income tax rates (2% - 5.75%).
Frequently Asked Questions about Virginia Finance
How are property taxes assessed in Virginia?
Property taxes in Virginia are generally assessed at the local county or municipal level based on the fair market value of the property, multiplied by the local millage or tax rate.
Are there property tax exemptions in Virginia?
Yes, Virginia often provides homestead exemptions for primary residences, as well as specific exemptions for seniors, veterans, and individuals with disabilities, which can significantly lower your tax bill.