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North Fairfax News

Thursday, October 17, 2024

Fairfax County effective property tax rate in Q1 2022 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 first quarter of 2022, which is less than 0.9 times the national average, according to the real estate analysis posted by the North Fairfax News.

The median sales price of a Fairfax County home in the first quarter of 2022 was $620,000, based on data from the 3,762 properties sold during that time. In 2021 the median tax bill for the county was $6,314, 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 Idylwood, Belle Haven, and Hybla Valley paid the highest rates.

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 first quarter of 2022.

CityQ1 2022 SalesQ1 2022 Median PriceMedian tax 2022Effective tax rate
Idylwood62$395,000$6,8851.7%
Belle Haven44$287,500$4,8541.7%
Hybla Valley38$350,000$5,5351.6%
Fair Lakes28$399,500$5,6331.4%
Newington Forest39$436,000$5,7181.3%
Oakton150$595,500$7,7201.3%
Merrifield62$497,500$6,0041.2%
Reston321$456,000$5,5841.2%
Tysons112$478,500$5,5991.2%
Bailey's Crossroads96$340,992$4,0181.2%
Huntington59$424,500$5,0081.2%
Burke118$627,500$6,9831.1%
Mantua19$835,000$9,4771.1%
Woodburn32$715,000$7,7371.1%
Kings Park11$566,500$6,4931.1%
Ravensworth6$618,250$6,7461.1%
Kingstowne69$600,000$6,3291.1%
Herndon76$476,500$5,2071.1%
Floris49$740,000$8,3671.1%
Woodlawn65$365,000$3,8761.1%
Lincolnia63$580,000$6,1051.1%
Hutchison11$354,000$3,9551.1%
Burke Centre51$533,001$5,6511.1%
Lorton42$497,500$5,4111.1%
Mason Neck10$640,250$7,1491.1%
Long Branch20$742,000$7,6821%
Newington50$575,000$5,5601%
West Springfield93$600,000$6,2651%
George Mason11$746,000$7,2701%
Kings Park West34$680,500$7,1201%
Dunn Loring29$925,000$9,1741%
Wakefield36$815,000$7,9631%
Dranesville28$687,000$6,7571%
West Falls Church73$665,000$6,5971%
Annandale116$592,500$6,0571%
North Springfield21$618,000$6,0781%
Springfield59$610,000$5,8601%
Centreville231$500,000$5,2221%
Franconia88$527,000$5,4131%
Hayfield13$660,888$6,7531%
Lake Barcroft27$840,000$8,3951%
Groveton48$595,000$6,0391%
Franklin Farm41$775,000$7,8901%
Greenbriar24$637,500$6,5911%
Seven Corners33$245,000$2,3291%
Fair Oaks146$606,900$5,9361%
Rose Hill77$630,000$6,2831%
Fort Hunt75$850,000$8,5901%
Union Mill13$947,000$9,5221%
Fairfax Station30$784,240$8,2091%
Crosspointe10$892,500$9,0451%
Great Falls45$1,510,000$13,1920.9%
Wolf Trap43$1,180,000$10,7410.9%
Bull Run20$952,500$8,1210.9%
Chantilly76$691,197$6,4620.9%
McNair84$604,083$5,5270.9%
Sully Square6$662,000$6,0840.9%
Navy7$1,150,000$9,7820.9%
Difficult Run16$1,120,000$10,0200.9%
Mount Vernon62$782,500$7,3000.9%
Braddock18$1,000,000$9,2300.9%
South Run17$973,068$9,1790.9%
McLean195$1,675,000$12,7530.8%
Laurel Hill26$851,000$6,7540.8%
Great Falls Crossing3$1,315,000$10,3790.8%
Vienna60$1,125,000$9,1870.8%
Pimmit Hills23$1,305,000$7,6890.6%

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