Property Tax & Income in Petersburg city, Virginia
Petersburg city has an effective property tax rate of 0.81%. On the median home value of $189,000, that's roughly $1,523 per year. Median household income is $50,698.
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 | Petersburg city | Virginia (state context) |
|---|---|---|
| Effective property tax rate1 | 0.81% | 0.60% |
| Median home value1 | $189,000 | — |
| 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 Petersburg city, VA
In Petersburg city, Virginia, the median home is valued at $189,000, and its owner pays about $1,523 a year in real-estate taxes — an effective rate of 0.806%. Against a median household income of $50,698, that annual bill absorbs roughly 3% of what a household brings in, a share shaped as much by local earnings as by the rate itself. Per-capita income sits at $29,418. Virginia's statewide median effective rate is 0.601%, so Petersburg taxes property more heavily than the state as a whole, ranking 26th of 133 counties. The national median, 0.794%, is nearly identical to Petersburg's figure. The gap between the local rate and Virginia's norm matters most for households here, where incomes run below the state level and each tax dollar claims a larger slice of the budget.