Analysis: Fairfax County effective property tax rates outpaced the national average in Q1

Analysis: Fairfax County effective property tax rates outpaced the national average in Q1
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Property owners in Fairfax County paid 1.1% of the value of their homes in property taxes in the first quarter of 2024, which is more than 1 time the national average, according to the real estate analysis posted by South Fairfax News.

The median sales price of a Fairfax County home in the first quarter of 2024 was $652,250, based on data from the 1,384 properties sold during that time. In 2024, the median tax bill for the county was $7,451, which is 1.1% of the median value of the homes that were taxed.

This is 1 time higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Fairfax County real estate data showed homeowners in Woodburn and Idylwood paid the highest rates.

The above article calculates the effective property tax rate for 2024 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Woodburn with some other cities belonging to Fairfax County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2024.

City Q1 2024 Sales Q1 2024 Median Price Median tax 2024 Effective tax rate
Woodburn 6 $282,500 $8,532 3%
Idylwood 20 $352,500 $7,593 2.2%
Tysons 28 $367,500 $6,174 1.7%
Belle Haven 18 $324,000 $5,353 1.7%
McNair 20 $400,000 $6,096 1.5%
Sully Square 2 $445,000 $6,709 1.5%
Woodlawn 37 $295,900 $4,274 1.4%
Hybla Valley 13 $445,000 $6,104 1.4%
Long Branch 5 $662,500 $8,472 1.3%
Merrifield 20 $505,050 $6,621 1.3%
Reston 163 $475,000 $6,158 1.3%
West Springfield 28 $540,000 $6,910 1.3%
Bailey’s Crossroads 15 $345,000 $4,431 1.3%
Burke 44 $652,500 $7,701 1.2%
Ravensworth 6 $628,475 $7,439 1.2%
Annandale 40 $573,500 $6,680 1.2%
Franconia 34 $511,500 $5,970 1.2%
Seven Corners 5 $220,000 $2,568 1.2%
Fair Oaks 27 $530,000 $6,547 1.2%
Oakton 47 $730,000 $8,513 1.2%
Huntington 33 $460,000 $5,523 1.2%
Mason Neck 6 $652,000 $7,884 1.2%
Newington Forest 11 $585,000 $6,306 1.1%
Newington 8 $562,500 $6,132 1.1%
Laurel Hill 15 $700,000 $7,449 1.1%
Dunn Loring 8 $947,500 $10,117 1.1%
Pimmit Hills 7 $795,000 $8,479 1.1%
Wakefield 9 $775,000 $8,782 1.1%
West Falls Church 40 $672,504 $7,276 1.1%
Chantilly 15 $650,000 $7,126 1.1%
North Springfield 5 $615,000 $6,703 1.1%
Springfield 12 $602,500 $6,462 1.1%
Centreville 76 $545,000 $5,759 1.1%
Kingstowne 23 $660,000 $6,980 1.1%
Hayfield 10 $687,500 $7,447 1.1%
Navy 4 $955,000 $10,788 1.1%
Mount Vernon 30 $725,716 $8,050 1.1%
Rose Hill 27 $625,000 $6,928 1.1%
Fort Hunt 43 $879,000 $9,473 1.1%
Union Mill 6 $976,000 $10,501 1.1%
Crosspointe 7 $910,000 $9,974 1.1%
Burke Centre 14 $561,000 $6,232 1.1%
Mantua 7 $1,035,000 $10,451 1%
Great Falls 28 $1,480,000 $14,548 1%
Wolf Trap 22 $1,216,501 $11,845 1%
George Mason 3 $788,000 $8,017 1%
Dranesville 20 $767,500 $7,451 1%
Herndon 49 $560,000 $5,742 1%
Lake Barcroft 18 $890,000 $9,258 1%
Groveton 10 $670,750 $6,660 1%
Floris 2 $929,000 $9,228 1%
Lincolnia 18 $648,450 $6,732 1%
Greenbriar 7 $755,700 $7,269 1%
Fair Lakes 11 $611,500 $6,212 1%
Vienna 21 $1,003,000 $10,131 1%
Fairfax Station 14 $862,813 $9,053 1%
Lorton 31 $580,000 $5,967 1%
Braddock 4 $1,012,500 $10,179 1%
McLean 74 $1,527,500 $14,064 0.9%
Kings Park West 18 $835,000 $7,852 0.9%
Kings Park 3 $774,000 $7,160 0.9%
Franklin Farm 15 $953,500 $8,702 0.9%
Difficult Run 11 $1,290,000 $11,050 0.9%
Hutchison 5 $505,000 $4,362 0.9%
South Run 5 $1,117,000 $10,123 0.9%


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