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South Fairfax News

Thursday, December 26, 2024

Fairfax County effective property tax rate in Q4 2023 was higher than the national average

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Property owners in Fairfax County paid 1.2% of the value of their homes in property taxes in the fourth quarter of 2023, which is more than 1.1 times 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 fourth quarter of 2023 was $610,000, based on data from the 1,562 properties sold during that time. In 2023, the median tax bill for the county was $7,198, which is 1.2% of the median value of the homes that were taxed.

This is 1.1 times 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 Idylwood and Huntington paid the highest rates.

The above article calculates the effective property tax rate for 2023 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 Idylwood 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 2023.

CityQ4 2023 SalesQ4 2023 Median PriceMedian tax 2023Effective tax rate
Idylwood16$402,500$7,3351.8%
Huntington41$298,300$5,3351.8%
Woodlawn48$276,250$4,1291.5%
Oakton22$557,000$8,2251.5%
Woodburn12$592,500$8,2431.4%
McNair21$426,000$5,8891.4%
Merrifield15$475,000$6,3961.3%
Mantua7$800,000$10,0971.3%
Laurel Hill11$546,000$7,1961.3%
Tysons54$467,000$5,9651.3%
Newington Forest16$513,500$6,0921.2%
West Springfield37$580,000$6,6751.2%
West Falls Church28$608,500$7,0291.2%
Franconia42$477,500$5,7671.2%
Kingstowne19$584,000$6,7431.2%
Groveton10$530,513$6,4341.2%
Fair Oaks21$530,000$6,3251.2%
Long Branch6$712,500$8,1851.1%
Burke65$670,000$7,4401.1%
Reston180$527,500$5,9501.1%
Kings Park West16$715,000$7,5861.1%
Dunn Loring9$907,500$9,7741.1%
Wakefield18$744,550$8,4841.1%
Annandale56$600,500$6,4541.1%
Chantilly12$646,950$6,8851.1%
North Springfield8$611,000$6,4761.1%
Springfield23$580,000$6,2431.1%
Centreville85$525,000$5,5641.1%
Herndon52$501,500$5,5481.1%
Hayfield10$648,950$7,1941.1%
Sully Square3$590,000$6,4821.1%
Franklin Farm23$753,000$8,4071.1%
Hybla Valley21$555,000$5,8971.1%
Bailey's Crossroads35$400,000$4,2801.1%
Fair Lakes11$550,000$6,0021.1%
Fort Hunt31$800,000$9,1521.1%
Crosspointe6$885,000$9,6361.1%
Burke Centre32$550,000$6,0211.1%
Lorton27$526,000$5,7651.1%
Wolf Trap22$1,124,000$11,4431%
Kings Park6$669,500$6,9171%
Ravensworth7$730,000$7,1871%
Bull Run7$850,000$8,6521%
Lake Barcroft13$890,000$8,9441%
Floris7$867,000$8,9151%
Lincolnia32$660,000$6,5041%
Greenbriar7$670,000$7,0221%
Seven Corners13$255,000$2,4811%
Mount Vernon27$815,000$7,7771%
Rose Hill35$642,000$6,6941%
Hutchison5$410,000$4,2141%
Fairfax Station11$859,900$8,7461%
South Run7$1,017,000$9,7791%
Great Falls26$1,587,500$14,0550.9%
Newington11$690,000$5,9240.9%
George Mason4$882,500$7,7460.9%
Dranesville10$781,250$7,1990.9%
Navy4$1,166,300$10,4220.9%
Difficult Run13$1,150,000$10,6760.9%
Union Mill8$1,127,500$10,1450.9%
Braddock11$1,038,250$9,8340.9%
Mason Neck3$825,000$7,6170.9%
McLean72$1,662,500$13,5880.8%
Vienna24$1,193,000$9,7880.8%
Belle Haven23$699,900$5,1720.7%
Pimmit Hills4$1,387,500$8,1920.6%

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