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Saturday, November 23, 2024

Analysis: Fairfax County effective property tax rate were lighter than the national average in Q1 2023

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Property owners in Fairfax County paid 1.1% of the value of their homes in property taxes in the first quarter of 2023, 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 2023 was $600,000, based on data from the 1,473 properties sold during that time. In 2021 the median tax bill for the county was $6,314, which is 1.1% 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 Lake Barcroft and Belle Haven paid the highest rates.

The following table compares Lake Barcroft 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 2023.

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
Lake Barcroft12$308,000$8,9442.9%
Belle Haven23$286,000$5,1721.8%
West Springfield29$426,000$6,6751.6%
Fair Lakes13$365,000$6,0021.6%
Huntington18$350,000$5,3351.5%
Oakton35$600,000$8,2251.4%
Merrifield10$510,000$6,3961.3%
Reston147$460,000$5,9501.3%
Pimmit Hills5$620,000$8,1921.3%
Herndon33$430,000$5,5481.3%
Hayfield7$565,000$7,1941.3%
Sully Square7$509,000$6,4821.3%
Idylwood21$600,000$7,3351.2%
Burke33$605,000$7,4401.2%
Newington Forest23$505,000$6,0921.2%
Newington14$490,500$5,9241.2%
Dunn Loring6$805,000$9,7741.2%
Tysons26$513,450$5,9651.2%
Woodburn17$675,000$8,2431.2%
Ravensworth4$617,000$7,1871.2%
Annandale48$517,500$6,4541.2%
Franconia34$465,750$5,7671.2%
Hybla Valley18$503,000$5,8971.2%
Bailey's Crossroads34$354,500$4,2801.2%
Vienna16$832,500$9,7881.2%
Fairfax Station9$710,500$8,7461.2%
Kings Park West24$716,750$7,5861.1%
Wakefield19$780,000$8,4841.1%
Kings Park14$627,500$6,9171.1%
Dranesville9$645,000$7,1991.1%
Bull Run5$775,000$8,6521.1%
Centreville102$490,000$5,5641.1%
Kingstowne38$611,750$6,7431.1%
Groveton22$607,500$6,4341.1%
McNair21$515,000$5,8891.1%
Franklin Farm9$740,000$8,4071.1%
Fair Oaks36$590,000$6,3251.1%
Rose Hill18$605,000$6,6941.1%
Fort Hunt45$850,000$9,1521.1%
Crosspointe9$890,000$9,6361.1%
Burke Centre34$570,150$6,0211.1%
Long Branch8$792,500$8,1851%
Mantua7$1,050,250$10,0971%
McLean54$1,316,750$13,5881%
Wolf Trap14$1,097,500$11,4431%
Laurel Hill21$700,000$7,1961%
West Falls Church42$672,500$7,0291%
North Springfield8$625,000$6,4761%
Springfield25$607,000$6,2431%
Woodlawn57$410,000$4,1291%
Lincolnia20$650,000$6,5041%
Greenbriar9$690,000$7,0221%
Union Mill6$972,500$10,1451%
Lorton27$550,000$5,7651%
Braddock13$999,000$9,8341%
Great Falls20$1,572,500$14,0550.9%
Chantilly25$734,000$6,8850.9%
Floris4$955,000$8,9150.9%
Difficult Run6$1,161,250$10,6760.9%
Mount Vernon31$850,000$7,7770.9%
South Run4$1,092,500$9,7790.9%
Mason Neck9$850,000$7,6170.9%
George Mason5$920,000$7,7460.8%
Hutchison4$532,500$4,2140.8%
Seven Corners7$423,000$2,4810.6%

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