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North Fairfax News

Thursday, October 17, 2024

Effective property tax rate in Fairfax County were lighter than the national average in Q3 2022

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Property owners in Fairfax County paid 1% of the value of their homes in property taxes in the third 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 third quarter of 2022 was $625,250, based on data from the 2,794 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 Belle Haven, Laurel Hill, and Woodburn paid the highest rates.

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 2022.

CityQ3 2022 SalesQ3 2022 Median PriceMedian tax 2022Effective tax rate
Belle Haven37$285,000$4,8541.7%
Laurel Hill16$440,000$6,7541.5%
Woodburn30$502,000$7,7371.5%
Groveton30$478,500$6,0391.3%
McNair45$425,000$5,5271.3%
Woodlawn60$290,600$3,8761.3%
Kings Park West25$575,000$7,1201.2%
Tysons55$480,000$5,5991.2%
Kingstowne52$545,000$6,3291.2%
Navy9$842,000$9,7821.2%
Bailey's Crossroads35$325,000$4,0181.2%
Oakton87$635,000$7,7201.2%
Mason Neck7$610,000$7,1491.2%
Burke99$620,000$6,9831.1%
Mantua18$898,750$9,4771.1%
Reston266$505,000$5,5841.1%
Ravensworth6$605,000$6,7461.1%
Chantilly45$600,900$6,4621.1%
Franconia60$500,000$5,4131.1%
Lake Barcroft24$771,500$8,3951.1%
Lincolnia42$577,500$6,1051.1%
Greenbriar10$611,500$6,5911.1%
Fair Oaks80$559,500$5,9361.1%
Rose Hill56$561,500$6,2831.1%
Burke Centre32$513,125$5,6511.1%
Idylwood41$712,000$6,8851%
Long Branch11$795,000$7,6821%
Merrifield41$611,150$6,0041%
Newington Forest28$577,500$5,7181%
Newington28$552,500$5,5601%
West Springfield77$610,000$6,2651%
George Mason15$750,000$7,2701%
Dunn Loring17$945,000$9,1741%
Wakefield22$778,500$7,9631%
Kings Park6$667,500$6,4931%
West Falls Church70$638,750$6,5971%
Annandale78$595,000$6,0571%
North Springfield14$607,000$6,0781%
Springfield51$589,000$5,8601%
Centreville209$520,000$5,2221%
Herndon73$499,000$5,2071%
Hayfield11$679,000$6,7531%
Floris17$825,000$8,3671%
Hybla Valley20$574,950$5,5351%
Mount Vernon55$735,000$7,3001%
Fair Lakes27$570,000$5,6331%
Fort Hunt60$868,000$8,5901%
Hutchison11$399,900$3,9551%
Union Mill10$971,250$9,5221%
Huntington45$490,570$5,0081%
Fairfax Station28$825,000$8,2091%
Crosspointe12$919,500$9,0451%
South Run13$955,000$9,1791%
McLean112$1,377,500$12,7530.9%
Great Falls54$1,522,500$13,1920.9%
Wolf Trap42$1,252,500$10,7410.9%
Dranesville45$735,000$6,7570.9%
Bull Run24$855,000$8,1210.9%
Franklin Farm28$862,500$7,8900.9%
Seven Corners17$265,000$2,3290.9%
Great Falls Crossing2$1,212,500$10,3790.9%
Vienna41$1,000,000$9,1870.9%
Lorton56$605,000$5,4110.9%
Pimmit Hills15$925,000$7,6890.8%
Difficult Run29$1,200,000$10,0200.8%
Braddock13$1,120,000$9,2300.8%

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