Virginia Mortgage Calculator
Calculate your monthly payment in Virginia, with property tax included using the state's effective rate of 0.73%. See your full amortization schedule and analyze your loan structure.
Pick a state to use its property tax rate. With a keyboard, use the arrow keys and press Enter.
Estimated Monthly Payment
Estimates only. Does not include homeowners insurance, mortgage insurance (PMI), or HOA fees. Property tax uses the state's average effective rate and your actual bill may differ.
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
Property tax in Virginia: the numbers
Virginia's effective property tax rate is 0.73%, which is 21% below the 0.92% national average. The state ranks 31st out of 50 when states are ordered from highest rate to lowest.
A median-valued home in Virginia is worth $383,700 and carries a median property tax of $2,790 per year, or roughly $233 per month. By median home value the state ranks 16th out of 50 (1 = highest), and by median annual property tax it ranks 24th.
| Effective property tax rate | 0.73% |
|---|---|
| Median home value | $383,700 |
| Median annual property tax | $2,790 |
| Rank by rate (1 = highest of 50) | 31 |
| Difference vs 0.92% national average | 0.19 points below (21% below) |
What this means for your monthly payment
Two worked examples for Virginia, using the figures above:
Example 1: the median home
$2,790 per year ÷ 12 = about $233 per month in property tax (median home value: $383,700).
Example 2: a $300,000 home
$300,000 × 0.73% ÷ 12 = about $183 per month, or $2,190 per year.
At the 0.92% national average rate, a $300,000 home would have about $2,760 in property tax per year. In Virginia it is about $2,190, which is $570 less per year (about $47 less per month).
Compare with similar states
States ranked just above and just below Virginia by effective property tax rate (1 = highest). States with the same rate are ordered by median annual tax.
Ranked just above (higher rate)
Ranked just below (lower rate)
- Montana — 0.72% (rank 32)
- Mississippi — 0.72% (rank 32)
- California — 0.70% (rank 34)
- New Mexico — 0.70% (rank 34)
- North Carolina — 0.66% (rank 36)
Virginia property tax FAQ
What is the property tax rate in Virginia?
The effective property tax rate in Virginia is 0.73%. That is 21% below the 0.92% national average, and the state ranks 31st out of 50 when states are ordered from highest rate to lowest.
How much is property tax on a $300,000 home in Virginia?
At Virginia's effective rate of 0.73%, property tax on a $300,000 home works out to about $2,190 per year, or about $183 per month. At the 0.92% national average, the same home would be about $2,760 per year, so Virginia is about $570 less per year.
How much is property tax on the median home in Virginia?
The median home value in Virginia is $383,700, and the median annual property tax is $2,790, which is about $233 per month.
Does the property tax rate vary inside Virginia?
Yes. Property taxes are set locally, so actual bills depend on your county, city, and exemptions. The 0.73% figure is a state-level estimate based on medians, not a rate that applies to every home.
Figures are estimates based on Census data and are not tax or financial advice. Actual bills depend on your local rates, assessed value and exemptions.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, as compiled by PropertyShark and PropertyTaxByState.