Property Tax & Income in Winchester city, Virginia
Winchester city has an effective property tax rate of 0.76%. On the median home value of $343,000, that's roughly $2,591 per year. Median household income is $63,974.
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 | Winchester city | Virginia (state context) |
|---|---|---|
| Effective property tax rate1 | 0.76% | 0.60% |
| Median home value1 | $343,000 | — |
| 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 Winchester city, VA
In Winchester city, Virginia, a home valued at the median $343,000 carries an annual property tax bill of about $2,591, based on an effective rate of 0.755%. That figure lands above Virginia's statewide median rate of 0.601% and ranks 36th among the state's 133 counties, though it stays below the national median of 0.794%. Set against a median household income of $63,974, the tax equals roughly 4% of a year's earnings — a real line item rather than an afterthought. Homeowners here should plan for that sum in their yearly budgets, since it arrives as a single lump or through monthly escrow payments. Per-capita income of $36,588 adds further weight, meaning the cost of owning property claims a meaningful share of what people bring in.