$8,200/year | $683/month | Rate: 0.82%
Here's a complete breakdown of property tax on a $1,000,000 home in Virginia for 2026.
| Detail | Amount |
|---|---|
| Home Value | $1,000,000 |
| Virginia Effective Tax Rate | 0.82% |
| Annual Property Tax | $8,200 |
| Monthly Escrow Amount | $683 |
| National Average (1.07%) | $10,700 |
| Difference vs National Avg | $-2,500/year |
| State | Tax Rate | Annual Tax | Monthly | vs Virginia |
|---|---|---|---|---|
| Virginia (You) | 0.82% | $8,200 | $683 | — |
| Maryland | 1.05% | $10,500 | $875 | +$2,300/yr |
| North Carolina | 0.77% | $7,700 | $642 | $-500/yr |
| Washington | 0.87% | $8,700 | $725 | +$500/yr |
| Home Value | Annual Tax | Monthly |
|---|---|---|
| $200K | $1,640 | $137 |
| $250K | $2,050 | $171 |
| $300K | $2,460 | $205 |
| $350K | $2,870 | $239 |
| $400K | $3,280 | $273 |
| $450K | $3,690 | $308 |
| $500K | $4,100 | $342 |
| $600K | $4,920 | $410 |
| $750K | $6,150 | $513 |
| $1M ← You | $8,200 | $683 |
Elderly/Disabled Tax Relief (varies by locality), Veterans' Exemption, Land Use Assessment (agricultural), Rehabilitation Tax Exemption
Calculate your own numbers
Open PropertyCalcTools →Property tax on a $1,000,000 home in Virginia is approximately $8,200 per year, or $683 per month. Virginia's effective property tax rate is 0.82%, which is below the national average of 1.07%.
To lower property tax in Virginia: 1) Apply for all available exemptions (homestead, senior, veteran), 2) Appeal your assessment if your home is overvalued — success rates are 30-50%, 3) Check for errors in your property record (square footage, lot size, features), 4) Compare your assessment with similar nearby properties.
Property tax due dates vary by county in Virginia, but most jurisdictions bill semi-annually or annually. If you have a mortgage, property taxes are typically paid through your monthly escrow payment ($683/month for a $1M home). Contact your county assessor's office for exact deadlines.