Property Tax & Income in Norton city, Virginia
Norton city has an effective property tax rate of 0.73%. On the median home value of $110,000, that's roughly $800 per year. Median household income is $41,495.
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 | Norton city | Virginia (state context) |
|---|---|---|
| Effective property tax rate1 | 0.73% | 0.60% |
| Median home value1 | $110,000 | — |
| 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 Norton city, VA
In Norton city, Virginia, a home valued at the median $110,000 carries an estimated annual property tax bill of about $800, based on an effective rate of 0.727%. That rate sits above Virginia's statewide median of 0.601%, and the city ranks 42nd among the state's 133 counties for property tax rate. Against a median household income of $41,495, the $800 bill amounts to roughly two percent of yearly earnings — a real line item for a household at that income level. Nationally, though, the picture looks different: the U.S. median effective rate of 0.794% is higher than Norton's, so homeowners here pay less than what many Americans owe on comparable value. Per-capita income of $26,846 further shapes how much slack a budget has after taxes are settled.