TaxBy County

Lexington city

Lexington city, Virginia

Effective Tax Rate

0.86%

Median Annual Tax

$2,378

How Lexington city Compares

Median Annual Property Tax

Lexington city$2,378
Virginia State Average$1,960
National Average$1,924

Lexington city

0.86%

Effective rate

Virginia Avg

0.70%

Effective rate

National Avg

0.91%

Effective rate

Tax by Mortgage Status

With Mortgage

$2,663

per year

Without Mortgage

$1,800

per year

Estimate Your Property Tax

$

Annual Tax

$2,378

Monthly Escrow

$198

Effective Rate

0.86%

vs. Virginia State Average▲ 21.3% above
vs. National Average▼ 11.6% below
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Frequently Asked Questions

What is the property tax rate in Lexington city, Virginia?
The effective property tax rate in Lexington city, Virginia is 0.86%. 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 Lexington city?
The median annual property tax payment in Lexington city is $2,378. Homeowners with a mortgage pay a median of $2,663, while those without a mortgage pay $1,800.
How does Lexington city compare to the Virginia average?
Lexington city's effective tax rate of 0.86% is higher than the Virginia state average of 0.70%. The median annual property tax in Lexington city is $2,378, compared to the state average of $1,960.
What is the median home value in Lexington city, Virginia?
The median home value in Lexington city, Virginia is $275,300, 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.

Counties with Similar Tax Rates

Richmond city(VA)

Rate0.86%
Median Tax$2,834

Roanoke County(VA)

Rate0.88%
Median Tax$2,340

Loudoun County(VA)

Rate0.88%
Median Tax$6,186

Lynchburg city(VA)

Rate0.84%
Median Tax$1,778
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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.

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