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North Fairfax News

Thursday, November 21, 2024

Analysis: Fairfax County effective property tax rates outpaced the national average in Q1

Realestate2

Property owners in Fairfax County paid 1.1% of the value of their homes in property taxes in the first quarter of 2024, which is more than 1 time the national average, according to the real estate analysis posted by North Fairfax News.

The median sales price of a Fairfax County home in the first quarter of 2024 was $652,250, based on data from the 1,384 properties sold during that time. In 2024, the median tax bill for the county was $7,451, which is 1.1% of the median value of the homes that were taxed.

This is 1 time higher 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 Woodburn and Idylwood paid the highest rates.

The above article calculates the effective property tax rate for 2024 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Woodburn 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 2024.

CityQ1 2024 SalesQ1 2024 Median PriceMedian tax 2024Effective tax rate
Woodburn6$282,500$8,5323%
Idylwood20$352,500$7,5932.2%
Tysons28$367,500$6,1741.7%
Belle Haven18$324,000$5,3531.7%
McNair20$400,000$6,0961.5%
Sully Square2$445,000$6,7091.5%
Woodlawn37$295,900$4,2741.4%
Hybla Valley13$445,000$6,1041.4%
Long Branch5$662,500$8,4721.3%
Merrifield20$505,050$6,6211.3%
Reston163$475,000$6,1581.3%
West Springfield28$540,000$6,9101.3%
Bailey's Crossroads15$345,000$4,4311.3%
Burke44$652,500$7,7011.2%
Ravensworth6$628,475$7,4391.2%
Annandale40$573,500$6,6801.2%
Franconia34$511,500$5,9701.2%
Seven Corners5$220,000$2,5681.2%
Fair Oaks27$530,000$6,5471.2%
Oakton47$730,000$8,5131.2%
Huntington33$460,000$5,5231.2%
Mason Neck6$652,000$7,8841.2%
Newington Forest11$585,000$6,3061.1%
Newington8$562,500$6,1321.1%
Laurel Hill15$700,000$7,4491.1%
Dunn Loring8$947,500$10,1171.1%
Pimmit Hills7$795,000$8,4791.1%
Wakefield9$775,000$8,7821.1%
West Falls Church40$672,504$7,2761.1%
Chantilly15$650,000$7,1261.1%
North Springfield5$615,000$6,7031.1%
Springfield12$602,500$6,4621.1%
Centreville76$545,000$5,7591.1%
Kingstowne23$660,000$6,9801.1%
Hayfield10$687,500$7,4471.1%
Navy4$955,000$10,7881.1%
Mount Vernon30$725,716$8,0501.1%
Rose Hill27$625,000$6,9281.1%
Fort Hunt43$879,000$9,4731.1%
Union Mill6$976,000$10,5011.1%
Crosspointe7$910,000$9,9741.1%
Burke Centre14$561,000$6,2321.1%
Mantua7$1,035,000$10,4511%
Great Falls28$1,480,000$14,5481%
Wolf Trap22$1,216,501$11,8451%
George Mason3$788,000$8,0171%
Dranesville20$767,500$7,4511%
Herndon49$560,000$5,7421%
Lake Barcroft18$890,000$9,2581%
Groveton10$670,750$6,6601%
Floris2$929,000$9,2281%
Lincolnia18$648,450$6,7321%
Greenbriar7$755,700$7,2691%
Fair Lakes11$611,500$6,2121%
Vienna21$1,003,000$10,1311%
Fairfax Station14$862,813$9,0531%
Lorton31$580,000$5,9671%
Braddock4$1,012,500$10,1791%
McLean74$1,527,500$14,0640.9%
Kings Park West18$835,000$7,8520.9%
Kings Park3$774,000$7,1600.9%
Franklin Farm15$953,500$8,7020.9%
Difficult Run11$1,290,000$11,0500.9%
Hutchison5$505,000$4,3620.9%
South Run5$1,117,000$10,1230.9%

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