What are Property Taxes in Northern Virginia – Expert Answer for Northern Virginia
In Northern Virginia, property taxes typically range from 1.0% to 1.3% of the assessed value — that’s approximately $7,150 to $9,295 on a $715,000 Fairfax County home. As of January 2026, these rates reflect the competitive real estate environment in areas like Vienna and McLean. With 200+ NOVA transactions since 2012, I help clients navigate these costs effectively. Call (571) 233-2763 for a personalized assessment.
In This Article
Property Taxes in Northern Virginia – What You Need to Know
In Northern Virginia, property taxes are a crucial factor for homeowners and buyers. In Fairfax County, for instance, the average tax rate is around 1.1%, translating to approximately $7,865 on a $715,000 home. Areas like Vienna and McLean often see slightly higher rates due to their desirable locations and school districts.
In Arlington, the property tax rate is about 1.0%, which is competitive given the urban amenities and Metro access. Homes in neighborhoods like Clarendon and Ballston benefit from this accessibility, making them attractive to buyers willing to pay a premium. Alexandria’s tax rate is similar, but the historic charm and walkability of Old Town can justify the costs.
Having closed over 200 transactions in Northern Virginia since 2012, I understand how property taxes influence your buying power and investment potential. Whether you’re looking in Loudoun County or Prince William County, I can provide insights tailored to your needs. Ready to discuss your situation? Call (571) 233-2763 or book a free consultation.
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Key Property Tax Information for Northern Virginia
Here’s what NOVA buyers and sellers need to know in January 2026:
Current Tax Rates – The Numbers
In Fairfax County, the property tax rate is approximately 1.1%, which means homeowners pay around $7,865 annually on a $715,000 home. This rate is competitive compared to nearby counties, making it essential for buyers in areas like Oakton and Burke to factor this into their budget.
What’s Changed Since August 2024
Since the August 2024 NAR settlement, property tax assessments have become more transparent, allowing buyers in Arlington and Alexandria to better understand their financial obligations. This has led to potential savings of $1,000-$3,000 for many homeowners, especially in neighborhoods with fluctuating values.
What Most People Miss
Many buyers overlook the impact of property taxes on their monthly payments. In Great Falls, for example, a higher tax rate can significantly affect affordability. Understanding these costs is crucial for making informed decisions in the competitive NOVA market.
Northern Virginia Market Insights – January 2026
Understanding property taxes requires knowing your local market:
| County | Median Price | Days on Market | Character |
|---|---|---|---|
| Fairfax County | $715,000 | 9 days | Most competitive |
| Loudoun County | $680,000 | 11 days | Tech corridor growth |
| Arlington County | $690,000 | 12 days | Metro-centric, urban |
| Prince William County | $495,000 | 14 days | Best value in NOVA |
| Alexandria City | $690,000 | 12 days | Old Town premium |
Source: Bright MLS, January 2026
What this means: Understanding property taxes is essential for budgeting in a competitive market like NOVA. Ready to discuss your options? Call (571) 233-2763 or book a free consultation.
Expert Tips from Paul Sneeringer
Tip 1: Understand Your Assessment
Review your property tax assessment carefully to ensure accuracy. In areas like Vienna, discrepancies can lead to overpayment. Knowing your assessed value can save you thousands.
Tip 2: Factor Taxes into Your Budget
When buying in Arlington or Alexandria, include property taxes in your monthly budget calculations. This can affect your purchasing power significantly, especially in high-demand neighborhoods.
Tip 3: Stay Informed on Tax Changes
Keep an eye on local tax rate changes, especially during the spring market. Changes can impact your home’s value and your financial planning.
Frequently Asked Questions
Property taxes in Northern Virginia typically range from 1.0% to 1.3% of the assessed value. For a $715,000 home in Fairfax County, this amounts to approximately $7,150 to $9,295 annually. Areas like Loudoun County may have similar rates, but local assessments can vary significantly.
In Northern Virginia, property tax assessments are typically conducted annually, with notices sent out in the spring. Homeowners can expect to receive their assessments by May, allowing time to review and appeal if necessary. This timeline is consistent across counties like Arlington and Fairfax.
In Fairfax County, property tax is based on the assessed value of your home, with a current rate of approximately 1.1%. Homeowners can appeal their assessments if they believe their property value is inaccurately represented. Understanding this process is crucial for residents in neighborhoods like McLean and Burke.
Property taxes are levied by local governments based on property value, while HOA fees are charged by homeowners associations for community maintenance and amenities. In areas like Arlington, both can significantly impact your monthly budget, so it’s essential to factor them into your home buying decision.
To appeal your property tax assessment in Northern Virginia, you must file an appeal with your local county office within a specified timeframe, usually 30 days from receiving your assessment notice. Consulting with a local expert can help you navigate this process effectively. Call (571) 233-2763 to get started.
Continue Your Northern Virginia Real Estate Journey
Explore Our Northern Virginia Real Estate County Guides:
- Fairfax County – $715K median, most inventory
- Loudoun County – Tech hub, Ashburn/Leesburg
- Arlington County – Urban condos, Metro access
- Prince William County – Best value under $500K
Popular Northern Virginia Real Estate City Guides:
- Vienna – Top FCPS schools, Maple Ave charm
- McLean – Luxury estates, Langley High district
- Reston – Town Center, trails, Silver Line
- Ashburn – New construction, data center jobs
Helpful Northern Virginia Real Estate Resources:
- First-Time Buyer Guide – Step-by-step for NOVA
- Seller’s Checklist – Prep your home right
- Relocation Guide – Moving to NOVA?
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Paul Sneeringer · Northern Virginia Real Estate
⭐ 4.9 Stars · 200+ Sold · 12 Years
Loudoun
Arlington
Alexandria
