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South Fairfax News

Tuesday, November 12, 2024

Effective property tax rate in Fairfax County were lighter than the national average in Q4 2022

Realestate5

Property owners in Fairfax County paid 1.1% of the value of their homes in property taxes in the fourth quarter of 2022, which is less than 0.9 times the national average, according to the real estate analysis posted by the South Fairfax News.

The median sales price of a Fairfax County home in the fourth quarter of 2022 was $600,000, based on data from the 2,364 properties sold during that time. In 2021 the median tax bill for the county was $6,314, which is 1.1% of the median value of the homes that were taxed.

This is 0.9 times lower 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 Hybla Valley and Belle Haven paid the highest rates.

The following table compares Hybla Valley with some other cities belonging to Fairfax County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2022.

CityQ4 2022 SalesQ4 2022 Median PriceMedian tax 2022Effective tax rate
Hybla Valley25$300,000$5,5351.8%
Belle Haven40$307,450$4,8541.6%
Laurel Hill11$495,000$6,7541.4%
Woodlawn51$269,000$3,8761.4%
Fair Lakes16$397,500$5,6331.4%
Kings Park West27$567,500$7,1201.3%
McNair27$440,010$5,5271.3%
Tysons58$475,000$5,5991.2%
Wakefield23$689,000$7,9631.2%
Lake Barcroft22$678,500$8,3951.2%
Sully Square4$494,500$6,0841.2%
Mount Vernon35$630,000$7,3001.2%
Bailey's Crossroads43$340,000$4,0181.2%
Idylwood33$608,000$6,8851.1%
Merrifield25$559,900$6,0041.1%
Burke89$640,000$6,9831.1%
Mantua11$892,000$9,4771.1%
Reston207$489,000$5,5841.1%
Newington Forest34$537,450$5,7181.1%
Newington29$500,000$5,5601.1%
West Springfield71$560,000$6,2651.1%
George Mason4$660,000$7,2701.1%
Pimmit Hills11$720,000$7,6891.1%
Annandale68$550,000$6,0571.1%
Chantilly48$579,400$6,4621.1%
North Springfield21$575,000$6,0781.1%
Centreville132$487,500$5,2221.1%
Franconia55$479,000$5,4131.1%
Kingstowne64$557,500$6,3291.1%
Herndon36$477,500$5,2071.1%
Hayfield15$625,000$6,7531.1%
Greenbriar15$620,000$6,5911.1%
Difficult Run15$935,000$10,0201.1%
Oakton73$675,000$7,7201.1%
Huntington45$450,000$5,0081.1%
Fairfax Station40$772,500$8,2091.1%
Burke Centre48$497,500$5,6511.1%
Long Branch11$740,000$7,6821%
Dunn Loring22$883,250$9,1741%
Woodburn15$795,000$7,7371%
Kings Park7$630,000$6,4931%
Ravensworth5$650,000$6,7461%
West Falls Church62$646,500$6,5971%
Springfield54$575,000$5,8601%
Groveton40$595,000$6,0391%
Franklin Farm36$757,500$7,8901%
Lincolnia41$610,000$6,1051%
Fair Oaks58$572,000$5,9361%
Rose Hill49$625,000$6,2831%
Fort Hunt35$900,000$8,5901%
Hutchison6$385,000$3,9551%
Vienna26$943,100$9,1871%
Crosspointe10$915,000$9,0451%
Lorton32$535,000$5,4111%
Braddock12$950,000$9,2301%
McLean116$1,355,000$12,7530.9%
Wolf Trap28$1,157,500$10,7410.9%
Dranesville28$742,500$6,7570.9%
Floris5$930,000$8,3670.9%
Navy9$1,140,900$9,7820.9%
Seven Corners16$273,913$2,3290.9%
Union Mill10$1,113,500$9,5220.9%
South Run13$1,023,464$9,1790.9%
Mason Neck6$775,000$7,1490.9%
Great Falls25$1,695,000$13,1920.8%
Bull Run14$977,500$8,1210.8%
Great Falls Crossing1$1,260,000$10,3790.8%

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