Property Tax & Income in Norfolk city, Virginia
Norfolk city has an effective property tax rate of 1.00%. On the median home value of $289,900, that's roughly $2,890 per year. Median household income is $66,109.
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 | Norfolk city | Virginia (state context) |
|---|---|---|
| Effective property tax rate1 | 1.00% | 0.60% |
| Median home value1 | $289,900 | — |
| 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 Norfolk city, VA
In Norfolk, Virginia, the median home is valued at $289,900, and the annual property tax bill on that home comes to about $2,890, based on an effective rate of 0.997%. With median household income at $66,109, that tax bill absorbs roughly 4.4% of a household's yearly earnings. Per-capita income sits lower, at $39,457, so the weight of property taxes varies depending on how many earners share a home. Virginia's statewide median effective rate is 0.601%, meaning Norfolk property owners pay proportionally more than most elsewhere in the state, and the county ranks 6th of 133 for property tax rate. The national median effective rate is 0.794%, which Norfolk also exceeds.