Floyd County Property Taxes
Floyd County, Virginia
Effective Tax Rate
0.00%
42.8% below state avgMedian Annual Tax
$0
$94/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.52%
At a Glance
Median Home Value
$215,500
State avg ▼ $278,065
Tax w/ Mortgage/yr
$1,157
$96/mo escrow
Tax w/o Mortgage/yr
$1,086
$91/mo
State Tax Rate Rank
#26
of 133 counties (1 = lowest)
Data Story
About Property Taxes in Floyd County, Virginia
Floyd taxes fall well below national average
Floyd County's effective rate of 0.521% sits 10% below the national median of 0.579%, placing it in the 35th percentile nationally. At $1,122 annually, median property taxes are less than half the national median of $2,690, making Floyd an affordable option by national standards.
Floyd ranks low among Virginia counties
Floyd County's 0.521% effective tax rate sits 22% below Virginia's state average of 0.671%, positioning it among the lowest-taxing counties in the commonwealth. Residents here enjoy tax bills roughly 43% lower than the state median, saving money on property assessments.
Floyd offers region's lowest tax burden
Floyd County's 0.521% rate undercuts neighboring Franklin County (0.533%) and significantly beats Fauquier County (0.770%) across the region. A homeowner with a $215,500 property pays just $1,122 in Floyd versus $1,188 in Franklin—a modest difference that adds up over time.
Floyd homeowners pay just $1,122 yearly
With a median home value of $215,500 and a 0.521% effective rate, typical Floyd homeowners pay approximately $1,122 in annual property taxes. This modest burden reflects the county's lower property values and light tax rates compared to wealthier Virginia counties.
Even low rates warrant assessment review
Floyd County's affordability doesn't mean assessments are always accurate—properties may still be overvalued relative to comparable recent sales. A formal appeal costs little and could reveal you're paying taxes on outdated valuations, potentially saving hundreds.
How Floyd County Compares
Median Annual Property Tax
Floyd County
0.52%
Effective rate
Virginia Avg
0.70%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Floyd County, Virginia?
How much are property taxes in Floyd County?
How does Floyd County compare to the Virginia average?
What is the median home value in Floyd County, Virginia?
Is Floyd County a low property tax area in Virginia?
How does Floyd County rank for property taxes in Virginia?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Virginia
Prince Edward County
0.40%
Bath County
0.40%
Nottoway County
0.42%
Mathews County
0.42%
Amelia County
0.43%
Lunenburg County
0.44%
Buchanan County
0.44%
Craig County
0.46%
Bedford County
0.46%
Campbell County
0.46%
Northumberland County
0.48%
Mecklenburg County
0.49%
Halifax County
0.49%
Augusta County
0.49%
Lancaster County
0.49%
Data updated: March 2026
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.