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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Radford city, Virginia

Radford city has an effective property tax rate of 0.72%. On the median home value of $220,700, that's roughly $1,581 per year. Median household income is $57,348.

Effective Property Tax Rate1
0.72%
median tax $1,581 ÷ median home $220,700
Median Home Value1
$220,700
owner-occupied
Median Household Income1
$57,348
per-capita $26,815
Est. Annual Tax on Median Home1
$1,581
at 0.72% effective rate

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.

MetricRadford cityVirginia (state context)
Effective property tax rate10.72%0.60%
Median home value1$220,700—
State income tax3top rate 5.75%top rate 5.75%
State sales tax35.77% combined5.77% 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 Radford city, VA

In Radford city, Virginia, the median home is valued at $220,700, and the annual property tax bill on that home comes to about $1,581. With median household income at $57,348, that tax equals roughly 2.8 percent of what a household earns in a year. The local effective rate of 0.716 percent sits above Virginia's statewide median of 0.601 percent, placing Radford 43rd among the state's 133 counties for property tax rate. Even so, the national median effective rate of 0.794 percent is higher than Radford's. Per-capita income here is $26,815. Radford, the principal city, anchors this small independent county, where property taxes take a noticeably larger bite out of household earnings than they do across Virginia as a whole.

Frequently asked questions

What is the property tax rate in Radford city, VA?
The effective rate is 0.72% — meaning the median tax bill equals about 0.72% of the median home value.
How much are property taxes on a median home?
On the median home ($220,700), the estimated annual bill is about $1,581.
Is Radford city's rate high or low?
Compare it to the state median of 0.60% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Radford city assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Radford city assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.