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Virginia State income taxes are due on May 1. The tax period for the first half of personal property taxes is from January 1 to June 30. The first half of business tangible personal property taxes are due on May 5. The tax period for the first half of real estate taxes is from January 1 to June 30.
In Virginia, you could lose your home to a tax sale if you don't pay your property taxes. People who own real property have to pay property taxes. The government uses the money that these taxes generate to pay for schools, public services, libraries, roads, parks, and the like.
Under the Virginia Constitution, the General Assembly may give localities the power to grant full or partial exemptions from real estate taxes to persons 65 years of age or older or for persons permanently and totally disabled. The exemption applies to owner-occupied property used as the sole dwelling of such persons.
Real estate taxes are due in two equal installments. The due dates are July 28 and December 5 each year. If the due date falls on a weekend, the due date moves to the next business day.
Pay online with e-check or credit/debit card. A third-party processing fee is assessed for credit/debit card payments. There is no charge for e-check payments. For vehicle tax bills, you will need the last 4 digits of your VIN and property number as shown on your tax bill.
Fairfax County's 1.03% average effective property tax rate is below average by national standards, but it's still a good bit higher than Virginia's 0.80% state average effective rate. But these rates can vary based on where you live within Fairfax County.
Property taxes are generally due twice a year; around June/July, depending on the jurisdiction and again in December. It is also worth noting that property taxes are paid in arrears.
The current real estate tax rate is $1.14 per $100 of assessed value. According to board documents, the rate that would collect the same amount of real estate tax as the last year would be $1.0583 per $100 of assessed value.
Real estate taxes are paid annually in two installments due July 28 and December 5.
Overview of Virginia Taxes With an average effective property tax rate of 0.80%, Virginia property taxes come in well below the national average of 1.07%.