Property Tax & Income in Buena Vista city, Virginia
Buena Vista city has an effective property tax rate of 0.91%. On the median home value of $156,200, that's roughly $1,421 per year. Median household income is $57,833.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | Buena Vista city | Virginia (state context) |
|---|---|---|
| Effective property tax rate1 | 0.91% | 0.60% |
| Median home value1 | $156,200 | — |
| State income tax3 | top rate 5.75% | top rate 5.75% |
| State sales tax3 | 5.77% combined | 5.77% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About Buena Vista city, VA
In Buena Vista city, Virginia, the median home value of $156,200 carries an annual real-estate tax bill of about $1,421, based on an effective rate of 0.910%. Against a median household income of $57,833, that tax equals roughly 2.5 cents of every dollar a household earns. Per-capita income sits at $25,609, so the same bill weighs considerably more heavily on an individual earner than on a household with two incomes. Virginia's statewide median effective rate is 0.601%, and the national figure is 0.794%, placing Buena Vista above both. Among the state's 133 counties, it ranks 15th by property tax rate. The gap between this locality's rate and Virginia's median means homeowners here devote a larger slice of earnings to property taxes than is usual across the commonwealth.