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Thursday, November 21, 2024

Analysis: Fairfax County effective property tax rates were lower than the national average in Q2 2023

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Property owners in Fairfax County paid 1.1% of the value of their homes in property taxes in the second quarter of 2023, which is less 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 second quarter of 2023 was $675,000, based on data from the 1,913 properties sold during that time. In 2023, the median tax bill for the county was $7,198, which is 1.1% of the median value of the homes that were taxed.

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

The above article calculates the effective property tax rate for 2023 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 second quarter of 2023.

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Woodburn12$428,500$8,2431.9%
Idylwood19$422,750$7,3351.7%
McNair27$400,000$5,8891.5%
Woodlawn52$272,500$4,1291.5%
Merrifield14$491,000$6,3961.3%
Tysons55$475,000$5,9651.3%
Sully Square5$500,000$6,4821.3%
Long Branch8$698,000$8,1851.2%
Seven Corners5$215,000$2,4811.2%
Bailey's Crossroads19$350,000$4,2801.2%
Oakton48$677,000$8,2251.2%
Huntington35$435,000$5,3351.2%
Belle Haven19$430,000$5,1721.2%
Mason Neck5$622,000$7,6171.2%
Newington20$543,750$5,9241.1%
Laurel Hill26$657,350$7,1961.1%
Dunn Loring8$900,500$9,7741.1%
Kings Park13$649,000$6,9171.1%
Annandale67$589,000$6,4541.1%
North Springfield12$588,875$6,4761.1%
Springfield24$575,000$6,2431.1%
Centreville66$510,550$5,5641.1%
Herndon49$515,000$5,5481.1%
Lake Barcroft7$780,000$8,9441.1%
Lincolnia40$612,500$6,5041.1%
Fair Oaks29$585,000$6,3251.1%
Rose Hill36$632,500$6,6941.1%
Fair Lakes10$547,500$6,0021.1%
Vienna24$901,000$9,7881.1%
Braddock5$870,000$9,8341.1%
Burke84$713,803$7,4401%
Mantua8$962,461$10,0971%
Reston201$570,000$5,9501%
Newington Forest24$587,665$6,0921%
Great Falls50$1,475,000$14,0551%
West Springfield59$694,500$6,6751%
George Mason5$770,000$7,7461%
Kings Park West20$748,000$7,5861%
Wakefield20$830,376$8,4841%
Ravensworth3$732,500$7,1871%
Dranesville31$710,000$7,1991%
Chantilly30$718,750$6,8851%
Franconia40$552,000$5,7671%
Kingstowne34$645,000$6,7431%
Hayfield10$692,500$7,1941%
Groveton16$667,750$6,4341%
Floris14$901,800$8,9151%
Franklin Farm23$855,000$8,4071%
Greenbriar7$730,000$7,0221%
Difficult Run16$1,062,500$10,6761%
Mount Vernon46$799,500$7,7771%
Fort Hunt64$904,000$9,1521%
Hutchison9$425,000$4,2141%
Union Mill7$1,001,000$10,1451%
Fairfax Station24$834,000$8,7461%
Crosspointe12$932,500$9,6361%
Burke Centre45$585,000$6,0211%
McLean99$1,550,000$13,5880.9%
Wolf Trap36$1,332,500$11,4430.9%
West Falls Church34$750,000$7,0290.9%
Navy2$1,182,500$10,4220.9%
Hybla Valley17$675,000$5,8970.9%
Great Falls Crossing4$1,250,000$11,0580.9%
Bull Run7$1,043,000$8,6520.8%
Lorton39$710,000$5,7650.8%
South Run8$1,162,500$9,7790.8%
Pimmit Hills5$1,670,000$8,1920.5%

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