Property Tax & Income in Galax city, Virginia
Galax city has an effective property tax rate of 0.76%. On the median home value of $141,300, that's roughly $1,072 per year. Median household income is $38,675.
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 | Galax city | Virginia (state context) |
|---|---|---|
| Effective property tax rate1 | 0.76% | 0.60% |
| Median home value1 | $141,300 | — |
| 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 Galax city, VA
In Galax city, Virginia, the median home value of $141,300 carries an annual real-estate tax bill of about $1,072, based on an effective rate of 0.759%. That rate sits above Virginia's statewide median of 0.601% and ranks 34th among the state's 133 counties, though it stays below the national median of 0.794%. For a household earning the median income of $38,675, that tax bill equals roughly 2.8% of annual earnings — a real line item in a tight budget, especially where per-capita income is $29,667. Homeowners here pay proportionally more than many Virginians, and the gap between the local rate and the state figure shows up as several hundred dollars a year. Anyone weighing a move to Galax should factor that recurring cost into monthly housing expenses alongside mortgage and insurance.