Floyd County, Virginia Property Taxes
Census Bureau ACS property tax data for Virginia. Population: 5,582.
The median annual property tax in Floyd County is $1,122, which is 43% lower than the Virginia state average and 42% below the national average. The effective tax rate is 0.52% on a median home value of $215,500. Property taxes represent 1.8% of the median household income in this county.
Median Annual Tax
$1,122
-43% vs State
-42% vs US
Median Home Value
$215,500
-23% vs State
+2% vs US
Effective Tax Rate
0.52%
-22% vs State
-45% vs US
With vs Without Mortgage
With Mortgage
$1,157
$96/mo
Without Mortgage
$1,086
$91/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $1,122 +0.2% | 0.52% |
| 2022 | $1,120 +6.8% | 0.55% |
| 2021 | $1,049 +2.4% | 0.60% |
| 2020 | $1,024 +0.7% | 0.60% |
| 2019 | $1,017 | 0.60% |
Tax Burden
Tax-to-Income Ratio
1.8%
of median household income
Median Income
$61,401
per year
Monthly Tax
$94
per month
Other Counties in Virginia
Hampton city
Tax: $2,259/yr Rate: 0.96%
Halifax County
Tax: $729/yr Rate: 0.49%
Greensville County
Tax: $936/yr Rate: 0.59%
Roanoke County
Tax: $2,340/yr Rate: 0.88%
Smyth County
Tax: $766/yr Rate: 0.61%
Amherst County
Tax: $997/yr Rate: 0.51%
Frequently Asked Questions
What is the average property tax in Floyd County, Virginia? ▼
The median annual property tax in Floyd County is $1,122 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.52% on a median home value of $215,500.
How does Floyd County property tax compare to the national average? ▼
Property taxes in Floyd County are 42% below the national average of $1,923. The effective rate of 0.52% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Floyd County? ▼
In Floyd County, homeowners with a mortgage pay a median of $1,157 in annual property taxes, while homeowners without a mortgage pay $1,086. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Floyd County? ▼
Property taxes in Floyd County represent approximately 1.8% of the median household income of $61,401. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.