Property Tax & Income in Salem city, Virginia
Salem city has an effective property tax rate of 0.90%. On the median home value of $258,600, that's roughly $2,316 per year. Median household income is $66,725.
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 | Salem city | Virginia (state context) |
|---|---|---|
| Effective property tax rate1 | 0.90% | 0.60% |
| Median home value1 | $258,600 | — |
| 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 Salem city, VA
Salem city, Virginia, carries an effective property tax rate of 0.896%, which sits above both the statewide median of 0.601% and the national median of 0.794%. That places the county 17th among Virginia's 133 counties by property tax rate, a position that signals a heavier reliance on real-estate levies than most communities in the commonwealth. A median home value of $258,600 generates an annual tax bill of about $2,316. Households here earn a median of $66,725, with per-capita income at $39,370. The gap between Salem's rate and Virginia's statewide figure is notable — roughly half a percentage point — meaning homeowners shoulder a larger share of local costs through property taxes than is customary across the state.