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South Fairfax News

Thursday, November 7, 2024

Effective property tax rate in Fairfax County outpaced the national average in Q3 2023

Realestate2

Property owners in Fairfax County paid 1.1% of the value of their homes in property taxes in the third quarter of 2023, 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 third quarter of 2023 was $640,000, based on data from the 2,065 properties sold during that time. In 2023, the median tax bill for the county was $7,198, 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 Belle Haven, Idylwood, and Mantua 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 Belle Haven with some other cities belonging to Fairfax County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2023.

CityQ3 2023 SalesQ3 2023 Median PriceMedian tax 2023Effective tax rate
Belle Haven27$225,000$5,1722.3%
Idylwood19$430,000$7,3351.7%
Mantua6$580,500$10,0971.7%
Tysons41$380,000$5,9651.6%
Woodburn2$506,000$8,2431.6%
Laurel Hill30$499,250$7,1961.4%
Fair Oaks34$450,000$6,3251.4%
Lake Barcroft20$671,225$8,9441.3%
Woodlawn62$309,000$4,1291.3%
Sully Square3$510,000$6,4821.3%
Oakton64$628,000$8,2251.3%
Huntington38$419,750$5,3351.3%
Newington Forest22$527,500$6,0921.2%
Ravensworth4$617,500$7,1871.2%
West Falls Church25$605,000$7,0291.2%
McNair48$506,000$5,8891.2%
Braddock6$797,500$9,8341.2%
Merrifield33$595,000$6,3961.1%
Reston211$525,000$5,9501.1%
Kings Park West30$685,000$7,5861.1%
Dunn Loring11$900,000$9,7741.1%
Wakefield8$789,500$8,4841.1%
Franconia48$532,000$5,7671.1%
Kingstowne46$626,475$6,7431.1%
Hayfield17$650,000$7,1941.1%
Groveton35$560,000$6,4341.1%
Floris16$823,500$8,9151.1%
Lincolnia31$587,000$6,5041.1%
Greenbriar13$650,000$7,0221.1%
Seven Corners5$226,500$2,4811.1%
Difficult Run11$975,000$10,6761.1%
Bailey's Crossroads49$387,000$4,2801.1%
Fort Hunt55$870,000$9,1521.1%
Lorton43$515,000$5,7651.1%
Long Branch7$827,500$8,1851%
Burke56$751,000$7,4401%
McLean92$1,425,205$13,5881%
Newington29$576,000$5,9241%
West Springfield48$645,000$6,6751%
George Mason5$750,000$7,7461%
Kings Park6$672,500$6,9171%
Dranesville37$735,000$7,1991%
Annandale65$615,000$6,4541%
Bull Run7$885,000$8,6521%
North Springfield6$643,000$6,4761%
Springfield32$619,500$6,2431%
Centreville93$549,000$5,5641%
Herndon64$566,000$5,5481%
Franklin Farm24$862,500$8,4071%
Navy5$1,080,000$10,4221%
Hybla Valley19$572,400$5,8971%
Rose Hill45$660,000$6,6941%
Fair Lakes11$600,000$6,0021%
Hutchison12$421,000$4,2141%
Union Mill5$1,050,000$10,1451%
Fairfax Station15$900,000$8,7461%
Crosspointe11$957,000$9,6361%
Burke Centre25$582,000$6,0211%
South Run17$950,000$9,7791%
Great Falls56$1,594,500$14,0550.9%
Wolf Trap31$1,275,000$11,4430.9%
Chantilly28$796,000$6,8850.9%
Mount Vernon52$832,500$7,7770.9%
Vienna30$1,039,500$9,7880.9%
Great Falls Crossing6$1,333,000$11,0580.8%
Mason Neck5$1,150,000$7,6170.7%
Pimmit Hills7$1,400,000$8,1920.6%

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