Property Tax & Income in Suffolk city, Virginia
Suffolk city has an effective property tax rate of 0.93%. On the median home value of $347,400, that's roughly $3,229 per year. Median household income is $92,666.
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 | Suffolk city | Virginia (state context) |
|---|---|---|
| Effective property tax rate1 | 0.93% | 0.60% |
| Median home value1 | $347,400 | — |
| 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 Suffolk city, VA
In Suffolk city, Virginia, homes are valued at a median of $347,400, and the effective property tax rate of 0.929% yields a median annual real-estate tax bill of $3,229. That figure takes a meaningful bite out of the median household income of $92,666, though per-capita income sits at $45,819. Homeowners in Suffolk face a higher rate than much of Virginia: the statewide median effective rate is 0.601%, and this county ranks 12th of 133 counties for property tax rate. The national median effective rate is 0.794%, which Suffolk also exceeds. For a household budgeting around that $3,229 obligation, the tax bill arrives as a single annual or escrowed monthly expense that must be planned for alongside other costs.