Floyd County

Floyd County, Virginia

Effective Tax Rate

0.52%

Median Annual Tax

$1,122

How Floyd County Compares

Median Annual Property Tax

Floyd County$1,122
Virginia State Average$1,960
National Average$1,924

Floyd County

0.52%

Effective rate

Virginia Avg

0.70%

Effective rate

National Avg

0.91%

Effective rate

Tax by Mortgage Status

With Mortgage

$1,157

per year

Without Mortgage

$1,086

per year

Estimate Your Property Tax

$

Annual Tax

$1,122

Monthly Escrow

$93

Effective Rate

0.52%

vs. Virginia State Average42.8% below
vs. National Average58.3% below
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Frequently Asked Questions

What is the property tax rate in Floyd County, Virginia?
The effective property tax rate in Floyd County, Virginia is 0.52%. This rate is calculated by dividing the median property tax payment by the median home value in the county.
How much are property taxes in Floyd County?
The median annual property tax payment in Floyd County is $1,122. Homeowners with a mortgage pay a median of $1,157, while those without a mortgage pay $1,086.
How does Floyd County compare to the Virginia average?
Floyd County's effective tax rate of 0.52% is lower than the Virginia state average of 0.70%. The median annual property tax in Floyd County is $1,122, compared to the state average of $1,960.
What is the median home value in Floyd County, Virginia?
The median home value in Floyd County, Virginia is $215,500, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates.
How are property taxes calculated in Virginia?
Property taxes in Virginia are calculated based on the assessed value of your property multiplied by the local mill levy (tax rate). The assessed value is determined by your county assessor and may differ from market value. Homeowners may qualify for exemptions such as homestead, senior, veteran, or disability exemptions that can reduce the taxable value. Tax rates vary by county and include levies for schools, municipal services, and special districts.

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Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.