Virginia · County property tax · ACS 2024
Lexington city Property Taxes
The median homeowner in Lexington city pays $2,224 a year, an effective rate of 0.81%, notably higher than the U.S. average.
- $2,224
- Median tax / yr · Above-median bill
- 0.81%
- Effective rate · Above-median rate
- +12%
- vs U.S. average
- #26 of 133
- rank in VA
The verdict
Homeowners in Lexington city pay a median $2,224 a year in property tax, an effective rate of 0.81%, more affordable than 49% of U.S. counties (Census ACS 2024).
- $2,224
- Median annual tax bill, 2024
- 0.81%
- Effective rate on median home
- #1591 of 3135
- U.S. counties by tax burden
- +12%
- vs the national average bill
Effective rate is the median property tax bill divided by the median home value ($275,200). U.S. Census Bureau, ACS 5-Year Estimates · 2024.
Census Bureau ACS property tax data for Virginia. Population: 7,525. Owner-occupied homes: 1,176.
The median annual property tax in Lexington city is $2,224, which is 20% lower than the Virginia state average and 12% above the national average. The effective tax rate is 0.81% on a median home value of $275,200. Property taxes represent 2.6% of the median household income in this county.
Lexington city's rate standing among U.S. counties
Primary signal
The effective rate sits near the national middle
Lexington city's 0.81% effective rate sits near the middle of 3,135 tracked counties (more affordable than 49%).
Decision signal 2
Low among Virginia counties by effective rate
Lexington city ranks #26 of 133 counties in Virginia by effective rate (80% of in-state counties pay a lower rate).
Decision signal 3
The bill sits below the Virginia median
Homeowners in Lexington city pay a median annual property tax of $2,224, notably higher than the national median and notably lower than the Virginia state median. On a $275,200 median home, that works out to an effective rate of 0.81% once the local assessment base and millage are combined.
Decision signal 4
Income and the tax bill sit in the middle band
Property taxes in Lexington city run within the commonly cited 2%-4% national benchmark, at about 2.6% of the $84,517 median household income.
Informational notice
Figures describe the median homeowner household in Lexington city as reported to the Census Bureau; your parcel can differ. Not tax, legal, or financial advice: check the county assessor or a qualified professional before decisions that depend on these numbers.
Most of the market's rise reached the bill
The effective rate here moved 9.8% down between 2020 and 2024, a smaller shift than in 61% of U.S. counties. With the median home value rose 16.9%, the median bill rose 5.5% to $2,224: the rate did comparatively little to offset the market.
Effective rate is the published median bill divided by the published median home value, so the two multiply back to the bill exactly; the rate's movement here is derived from those two figures rather than read from the rounded published rate. Both are ACS 5-year survey estimates for the median owner-occupied household, compared across non-overlapping releases. They describe what the Census published, not a local policy, assessment, or exemption change.
How to read this county's bill
Very little moved here between 2020 and 2024: the typical bill went from $2,109 to $2,224, a change of 5%. The comparison describes county-level medians only; individual assessments and bills can differ.
The heaviest band is also the fullest one here: 432 of 1,176 owner-occupied homes (36.7%) report annual real-estate taxes above $3,000. That band has no upper edge in the source, so the county median understates the burden carried by the plurality rather than describing it.
Top-quartile earnings meet a below-median rate, putting the median bill at 2.6% of median household income. Counties in this position span a wide range on the ratio above, because the dollar bill tracks home values rather than the rate.
The share above is the median annual bill divided by median household income, a ratio of two county-level medians rather than a household-by-household figure.
What Lexington city Homeowners Actually Pay
The single largest group of Lexington city homeowners, 432 of 1,176 owner-occupied homes (36.7%), pays $3,000 or more a year. The median is one point in this spread, not a typical bill.
- Less than $800 2.8% (33)
- $800 to $1,499 28.0% (329)
- $1,500 to $1,999 15.4% (181)
- $2,000 to $2,999 17.1% (201)
- $3,000 or more 36.7% (432)
Census ACS 2024, table B25102. Bands and the no-tax share sum to 100%.
With vs Without Mortgage
Mortgaged homeowners in Lexington city pay a substantially higher bill, 45% more, pointing to a wide home-value gap between the two groups.
Lexington city's effective rate vs peers
Effective property tax rate (median tax ÷ median home value), ACS 2024.
Lexington city's effective rate is higher than 80% of the 133 counties in Virginia - ranking #26 of 133.
Where Lexington city sits among every U.S. county
Effective property tax rate (median tax ÷ median home value)
0.81% more affordable than 49% of 3,135 U.S. counties
Show national distribution
Each bar is a band; taller bars hold more U.S. counties. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2024
Lexington city vs Benchmarks
| Metric | Lexington city | Virginia Avg | U.S. Avg |
|---|---|---|---|
| Median Annual Tax Above-median bill | |||
| Effective Tax Rate Above-median rate | |||
| Median Home Value | |||
| Tax as % of income Above-median income burden | 2.6% | - | - |
Source: U.S. Census Bureau, ACS 5-Year Estimates. Tax-burden differences across rows reflect millage decisions, assessment-ratio practices, and the residential-vs-commercial mix of each tax base.
Lexington city is UNDER · MID on ACS medians, still verify your parcel card before quoting the county figure. Estimate appeal savings · Virginia counties.
Lexington city rate trail · UNDER
| Year | Median Tax (vs prior release) | Effective Rate |
|---|---|---|
| 2024 | $2,224 -6.5% | 0.81% |
| 2023 | $2,378 +11.6% | 0.86% |
| 2022 | $2,131 -9.7% | 0.95% |
| 2021 | $2,360 +11.9% | 0.94% |
| 2020 | $2,109 | 0.90% |
Each row is a separate ACS 5-year release, and consecutive releases share four of their five survey years. The percentage beside each bill is therefore movement in the published estimate against the previous release, not a single year's tax change. The two releases largely describe the same households. For change over time, compare releases that do not overlap.
Lexington city: tax-to-income at 2.6%
Counties near Lexington city's effective rate
On effective rate, Lexington city sits nearest Bedford County (PA), Morrow County (OR), Lincoln County (OR).
On published median-tax change, the nearest matches are Greenup County (KY), Snyder County (PA), Obion County (TN).
How peers are chosen
These are the nearest cross-state matches in the published Census data, not neighboring counties or recommendations. Peers are rebuilt with each data release; see the calculation method.
Similar effective rates
Similar published median-tax changes, 2020–2024
Lexington city: only 9% of returns show Schedule A real-estate tax
Tax year 2022: 200 of 2,340 returns from Lexington city reported real estate taxes, averaging $5,035 - 40% of those reporters sat in the $200k+ AGI band.
What this IRS county file does not say
Amounts are reported before the SALT cap, not deducted; the share is of filers, not homeowners. Source: IRS SOI county data, tax year 2022.
Other Counties in Virginia
Lexington city rate FAQs
- What is the tax affordability score for Lexington city?
- Lexington city, Virginia scores F (39/100) on PlainPropertyTax's tax affordability composite across 5 Census ACS dimensions (effective rate, bill size, income share, mortgage gap, and home-value/income). Its strongest scored dimension here is rate relief at D (0.81%). The score compares published county medians to U.S. percentiles, it is not a personal bill and not advice to buy, sell, appeal, or relocate.
- What is the average property tax in Lexington city, Virginia?
- The median annual property tax in Lexington city is $2,224, an effective rate of 0.81% on a $275,200 median home (Census ACS, 2024).
- How does Lexington city property tax compare to the national average?
- Property taxes in Lexington city run notably higher than the national median of $1,993, an effective rate of 0.81% versus 0.92% nationally.
- What percentage of income goes to property taxes in Lexington city?
- Property taxes in Lexington city run within the commonly cited 2%-4% national benchmark, at about 2.6% of the $84,517 median household income.
- Are property taxes increasing in Lexington city?
- The ACS median property-tax bill for Lexington city ticked up 5.5% between the 2020 and 2024 5-year releases, from $2,109 to $2,224, a 4-year span. These are survey estimates covering five years each, so this compares the two releases furthest apart rather than consecutive ones, which overlap and would mostly measure the same households twice.
What to do with Lexington city's UNDER rate
Inside Virginia, Lexington city's $2,224 median bill runs low versus the state median - check peer counties before assuming the lowest bill is the best move. Virginia overview →
Lexington city ranks #26 of 133 Virginia counties by effective rate - on the higher-burden half of the state ACS set. Virginia overview →
Nationwide peers by effective rate (then bill)
Rate-first peers for Lexington city's UNDER effective rate, then a disjoint out-of-state bill set so the two neighborhoods stay distinct.
Similar effective rate
Nearest out-of-state counties by ACS effective rate. This county: 0.81%.
Similar median bill
Nearest out-of-state counties by ACS median annual tax. This county: $2,224/yr. Rate peers are excluded so the two link sets stay distinct.
Read with Lexington city
Nearest ABS(median_tax) ACS peers for Lexington city (UNDER · MID), replacing the old fixed Keep exploring strip.
UNDER MID
Buncombe County, NC
ABS(median_tax) peer · $2,222/yr (near-tied bill ABS $2); rate 0.57% vs Lexington city 0.81%.
Butler County, IA
ABS(median_tax) peer · $2,226/yr (near-tied bill ABS $2); rate 1.35% vs Lexington city 0.81%.
Hopkins County, TX
ABS(median_tax) peer · $2,221/yr (near-tied bill ABS $3); rate 1.00% vs Lexington city 0.81%.
Tulsa County, OK
ABS(median_tax) peer · $2,227/yr (near-tied bill ABS $3); rate 0.97% vs Lexington city 0.81%.
Virginia county set
State ACS overview for every published Virginia county rate and median bill.
Assessment cycle basics
Lexington city stamps UNDER · MID - how assessed value and millage become the ACS median bill.
Data vintage and method
Data as of 2024. 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.
Source: U.S. Census Bureau American Community Survey 5-Year Estimates, county median real-estate taxes · 2024 Lexington city (UNDER · MID) - ACS medians, not a parcel bill.