When considering where to live and where to purchase your next home, one thing to take into account is the property tax rates of the county or city. By no means is this the only or necessarily most important consideration, but you should certainly factor this information in when making your decision.
For your consideration, here's the new property tax rates effective July 1, 2010 for the local jurisdictions in Northern Virginia.
Fiscal Year 2010-2011 Northern Virginia Residential Real Estate Tax Rates
(all rates are per $100 of assessed value)
City of Alexandria $0.978
Arlington County $0.945 + $0.013 stormwater fee
Town of Clifton $1.09 + $0.015 stormwater fee
City of Fairfax $0.96
Fairfax County $1.09 + $0.015 stormwater fee
City of Falls Church $1.24
Town of Herndon $1.3725
Loudoun County $1.30
City of Manassas $1.472
Manassas Park $1.65
Prince William County $1.236
Town of Vienna $1.3498
So, for example, the yearly taxes on your $450,000 house would be as follows:
Alexandria: $4,401 Fairfax County: $4,972.50 Falls Church: $5,580 Vienna: $6,074.10
Thank you for reading my blog post. If you like what you’ve read, then please:
Follow, Connect, Watch, Subscribe
If you plan to purchase or sell a home in the Northern Virginia or D.C. area,
you can visit my main Northern Virginia & D.C. real estate website at www.VirginiaRealEstateNews.net.
Brain, tax rates are a very important consideration here in the Gettysburg area. Tax rates vary greatly here and it makes a huge difference in purchasing power, great post
Prince William County used to be the most expensive in the area (taking out Manassas and Manassas Park), but no longer. And our crime rate is way, way down, the best in the last 25 years (remember the illegal alien crack down? It worked!)
I really don't think it is right for anyone to have to pay property taxes....especially at those rates.
Knowing the tax rates can indeed be important information in the decision making process!