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Friday, November 22, 2024

Fairfax County effective property tax rate in Q2 2022 was lower than the national average

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Property owners in Fairfax County paid 0.9% of the value of their homes in property taxes in the second quarter of 2022, which is less than 0.8 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 second quarter of 2022 was $686,000, based on data from the 4,923 properties sold during that time. In 2021 the median tax bill for the county was $6,314, which is 0.9% of the median value of the homes that were taxed.

This is 0.8 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 Fair Lakes 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 second quarter of 2022.

CityQ2 2022 SalesQ2 2022 Median PriceMedian tax 2022Effective tax rate
Idylwood64$431,500$6,8851.6%
Belle Haven53$321,500$4,8541.5%
Fair Lakes48$482,000$5,6331.2%
Mantua36$844,950$9,4771.1%
Tysons137$507,500$5,5991.1%
Lake Barcroft43$765,000$8,3951.1%
Sully Square11$570,000$6,0841.1%
Bailey's Crossroads53$360,000$4,0181.1%
Oakton164$672,500$7,7201.1%
Mason Neck11$647,000$7,1491.1%
Merrifield77$610,000$6,0041%
Reston369$550,000$5,5841%
Newington73$570,000$5,5601%
Laurel Hill61$700,000$6,7541%
Kings Park West58$707,500$7,1201%
Woodburn34$800,000$7,7371%
Chantilly94$674,250$6,4621%
Centreville273$532,000$5,2221%
Franconia140$525,000$5,4131%
Kingstowne117$635,000$6,3291%
Herndon65$510,000$5,2071%
Hayfield23$650,000$6,7531%
Groveton80$583,375$6,0391%
Woodlawn107$400,000$3,8761%
Fair Oaks165$615,560$5,9361%
Hybla Valley41$540,000$5,5351%
Mount Vernon58$737,500$7,3001%
Rose Hill114$643,500$6,2831%
Hutchison8$390,000$3,9551%
Union Mill18$974,500$9,5221%
Burke Centre86$587,750$5,6511%
Long Branch29$815,000$7,6820.9%
Burke199$750,000$6,9830.9%
Newington Forest82$613,000$5,7180.9%
Great Falls76$1,470,000$13,1920.9%
West Springfield133$665,000$6,2650.9%
Wolf Trap59$1,200,000$10,7410.9%
Dunn Loring40$1,053,732$9,1740.9%
Pimmit Hills17$875,000$7,6890.9%
Wakefield42$840,500$7,9630.9%
Kings Park16$705,000$6,4930.9%
Ravensworth8$742,500$6,7460.9%
West Falls Church105$713,500$6,5970.9%
Annandale158$682,500$6,0570.9%
Bull Run28$955,000$8,1210.9%
North Springfield25$647,000$6,0780.9%
Springfield85$630,000$5,8600.9%
McNair79$624,999$5,5270.9%
Floris38$882,167$8,3670.9%
Franklin Farm82$860,394$7,8900.9%
Lincolnia61$687,500$6,1050.9%
Greenbriar33$715,000$6,5910.9%
Seven Corners30$250,000$2,3290.9%
Difficult Run38$1,162,500$10,0200.9%
Fort Hunt106$936,000$8,5900.9%
Vienna78$1,055,000$9,1870.9%
Huntington95$530,000$5,0080.9%
Fairfax Station60$962,500$8,2090.9%
Crosspointe30$1,035,500$9,0450.9%
McLean216$1,525,000$12,7530.8%
George Mason16$940,000$7,2700.8%
Dranesville37$800,000$6,7570.8%
Navy10$1,262,500$9,7820.8%
Lorton70$645,000$5,4110.8%
Braddock21$1,137,000$9,2300.8%
South Run36$1,147,500$9,1790.8%
Great Falls Crossing3$1,575,000$10,3790.7%

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