Virginia Beach Property Tax Rate

When are taxes due and to whom do i pay them.

Virginia beach property tax rate. The average yearly property tax paid by virginia beach city residents amounts to about 2 9 of their yearly income. Situated along the atlantic ocean in the southeast corner of the state virginia beach has property tax rates slightly higher than the state average. The city s average effective property tax rate is 0 87. Virginia beach city has one of the highest median property taxes in the united states and is ranked 349th of the 3143 counties in order of median property taxes.

The fiscal year july 1st to june 30th real estate tax is billed in two parts by the office of the city treasurer. In order to determine the tax bill your local tax assessor s office takes into account the property s assessed value the current assessment rate as well as any tax exemptions or abatements for that property. Together the commonwealth of virginia and the city of virginia beach have one of the fairest tax structures of the 50 states. Personal property taxes are assessed each year by the commissioner of revenue s cor office for all personal property garaged within the city of virginia beach.

The treasurer is responsible for preparing mailing and collecting the taxes based on what the cor discovers to be unbilled tangible personal property. The first half payment is due december 5th and the second half payment is due june 5th. If you buy a home there you can expect to pay a property tax bill of around 2 335 a year.