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South Fairfax News

Saturday, September 21, 2024

Fairfax County effective property tax rate in Q2 was lower than the national average

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Property owners in Fairfax County paid 1% of the value of their homes in property taxes in the second quarter of 2024, which is less than 0.9 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 second quarter of 2024 was $735,500, based on data from the 2,900 properties sold during that time. In 2024, the median tax bill for the county was $7,451, which is 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 Belle Haven, Idylwood, and Woodburn 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 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 second quarter of 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Belle Haven33$319,000$5,3531.7%
Idylwood29$510,000$7,5931.5%
Woodburn14$561,044$8,5321.5%
Fair Lakes22$435,000$6,2121.4%
Ravensworth5$590,000$7,4391.3%
Tysons68$532,500$6,1741.2%
McNair39$523,000$6,0961.2%
Laurel Hill30$695,000$7,4491.1%
Kings Park West36$745,000$7,8521.1%
Chantilly42$670,000$7,1261.1%
Herndon69$525,000$5,7421.1%
Seven Corners20$237,500$2,5681.1%
Fair Oaks58$600,500$6,5471.1%
Hybla Valley23$575,000$6,1041.1%
Bailey's Crossroads62$406,250$4,4311.1%
Oakton80$772,500$8,5131.1%
Huntington60$487,500$5,5231.1%
Long Branch19$880,000$8,4721%
Merrifield43$650,000$6,6211%
Reston270$599,500$6,1581%
Newington Forest36$638,750$6,3061%
Newington35$630,000$6,1321%
West Springfield71$680,000$6,9101%
Wakefield17$841,000$8,7821%
Kings Park12$730,000$7,1601%
West Falls Church75$750,000$7,2761%
Springfield49$680,000$6,4621%
Centreville173$590,000$5,7591%
Franconia74$580,000$5,9701%
Kingstowne68$699,950$6,9801%
Hayfield15$712,500$7,4471%
Groveton43$675,000$6,6601%
Floris16$887,500$9,2281%
Lincolnia44$670,000$6,7321%
Greenbriar16$755,000$7,2691%
Navy5$1,100,000$10,7881%
Rose Hill55$705,000$6,9281%
Great Falls Crossing3$1,100,000$11,4461%
Fort Hunt72$985,000$9,4731%
Hutchison12$420,000$4,3621%
Fairfax Station28$951,300$9,0531%
Lorton36$624,950$5,9671%
Burke113$815,000$7,7010.9%
Mantua23$1,117,500$10,4510.9%
Great Falls51$1,675,000$14,5480.9%
Dunn Loring22$1,075,500$10,1170.9%
Dranesville37$850,000$7,4510.9%
Annandale61$725,000$6,6800.9%
Bull Run10$1,045,500$8,9560.9%
North Springfield14$710,000$6,7030.9%
Lake Barcroft35$975,000$9,2580.9%
Woodlawn61$469,500$4,2740.9%
Franklin Farm48$923,750$8,7020.9%
Mount Vernon38$857,500$8,0500.9%
Vienna48$1,185,000$10,1310.9%
Union Mill14$1,110,000$10,5010.9%
South Run18$1,172,500$10,1230.9%
McLean137$1,725,000$14,0640.8%
Wolf Trap57$1,406,000$11,8450.8%
George Mason11$1,000,000$8,0170.8%
Pimmit Hills13$1,055,000$8,4790.8%
Sully Square7$800,000$6,7090.8%
Difficult Run26$1,320,000$11,0500.8%
Crosspointe16$1,202,500$9,9740.8%
Burke Centre37$750,000$6,2320.8%
Braddock22$1,222,000$10,1790.8%
Mason Neck3$1,205,000$7,8840.7%

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