Norfolk, VA — income, home value, property tax, and sales tax.
In ZIP code 23505, part of Norfolk, homes carry a median value of $326,300, and the county's 1.00% effective property tax rate works out to roughly $3,263 a year. With median household income at $58,579, that tax bill equals about 5.6% of a typical household's annual earnings, a meaningful slice of the budget. Per-capita income sits at $39,123. Adding the 6.00% combined sales tax on purchases, homeowners here face steady claims on their paychecks alongside their mortgage, which shapes how far each dollar stretches in this part of Norfolk.
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