Galax city Property Taxes

Galax city, Virginia

Effective Tax Rate

0.00%

50.9% below state avg

Median Annual Tax

$0

$80/mo escrow

#94 of 133 counties in Virginia

Estimate Your Tax

$
$50K$2M

Annual Tax

$0

Monthly

$0

Eff. Rate

0.76%

vs. Virginia Avg50.9% below
vs. National Avg64.2% below

At a Glance

Median Home Value

$126,800

State avg $278,065

Tax w/ Mortgage/yr

$917

$76/mo escrow

Tax w/o Mortgage/yr

$1,037

$86/mo

State Tax Rate Rank

#94

of 133 counties (1 = lowest)

Data Story

About Property Taxes in Galax city, Virginia

Galax taxes rate high despite low values

At 0.759%, Galax city's effective tax rate exceeds the national median of 0.579% by 31%, placing it in the 72nd percentile nationally. With a median home value of just $126,800—less than half the national median of $281,900—the city's aggressive tax rate on modest homes creates a notably heavy burden relative to property value.

Galax ranks third-highest tax rate in state

Galax city's 0.759% effective rate ranks third in Virginia, trailing only Fauquier County (0.770%) and Franklin city (0.738%), and exceeding the state average of 0.671% by 13%. This makes Galax one of Virginia's most tax-intensive jurisdictions despite having the lowest median home values among the eight counties examined.

Galax towers over surrounding rural areas

Galax city's 0.759% rate substantially exceeds surrounding rural counties like Floyd (0.521%) and Franklin (0.533%), creating a striking contrast in tax burden. A homeowner with a $126,800 property pays $962 in Galax versus just $661 in Floyd—a 45% premium despite identical property value.

Galax residents pay $962 annually

With a median home value of $126,800 and a 0.759% effective rate, typical Galax residents pay approximately $962 in annual property taxes. While the absolute dollar amount is modest, the tax rate consumes a larger percentage of property value than nearly anywhere else in Virginia.

Galax homeowners should challenge assessments

High effective tax rates on low-value properties often signal overassessment issues—assessments may not reflect the true market value of modest homes. Galax homeowners should file appeals based on recent comparable sales, as many discover substantial overpayment opportunities.

How Galax city Compares

Median Annual Property Tax

Galax city$962
Virginia State Average$1,960
National Average$1,924

Galax city

0.76%

Effective rate

Virginia Avg

0.70%

Effective rate

National Avg

0.91%

Effective rate

Frequently Asked Questions

What is the property tax rate in Galax city, Virginia?
The effective property tax rate in Galax city, Virginia is 0.76%. 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 Galax city?
The median annual property tax payment in Galax city is $962. Homeowners with a mortgage pay a median of $917, while those without a mortgage pay $1,037.
How does Galax city compare to the Virginia average?
Galax city's effective tax rate of 0.76% is higher than the Virginia state average of 0.70%. The median annual property tax in Galax city is $962, compared to the state average of $1,960.
What is the median home value in Galax city, Virginia?
The median home value in Galax city, Virginia is $126,800, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates.
Why is Galax city property tax rate higher than the Virginia average?
Galax city's effective property tax rate of 0.76% is higher than the Virginia average of 0.70%. This difference of 0.05% can be attributed to local funding needs for schools, infrastructure, and municipal services. Higher rates often correlate with more urbanized areas or counties with greater public service demands.
How does Galax city rank for property taxes in Virginia?
Galax city ranks #94 out of 133 counties in Virginia by effective property tax rate (1 = lowest). With a rate of 0.76% and median annual tax of $962, it falls in the upper third of counties statewide.

Counties with Similar Tax Rates

Nearby Counties

Other Counties in Virginia

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.