Norfolk, VA — income, home value, property tax, and sales tax.
In ZIP 23517, part of Norfolk, homes carry a median value of $386,600, and the county-level effective property tax rate of 1.00% works out to roughly $3,866 a year. With median household income at $67,375, that tax bill equals about 5.7% of annual earnings, a notable share given the area's per-capita income of $54,862. Sales tax adds 6.00% to purchases. The gap between what homes cost and what households bring in shapes daily life here, since ownership expenses claim a meaningful slice of income before other costs enter the picture.
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