Petersburg city, Virginia Property Taxes
Census Bureau ACS property tax data for Virginia. Population: 5,682.
The median annual property tax in Petersburg city is $1,449, which is 26% lower than the Virginia state average and 25% below the national average. The effective tax rate is 0.92% on a median home value of $157,900. Property taxes represent 2.9% of the median household income in this county.
Median Annual Tax
$1,449
-26% vs State
-25% vs US
Median Home Value
$157,900
-43% vs State
-25% vs US
Effective Tax Rate
0.92%
+37% vs State
-3% vs US
With vs Without Mortgage
With Mortgage
$1,529
$127/mo
Without Mortgage
$1,337
$111/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 | $1,449 -1.8% | 0.92% |
| 2022 | $1,476 +6.1% | 1.00% |
| 2021 | $1,391 +2.7% | 1.17% |
| 2020 | $1,354 +4.0% | 1.21% |
| 2019 | $1,302 | 1.20% |
Tax Burden
Tax-to-Income Ratio
2.9%
of median household income
Median Income
$50,741
per year
Monthly Tax
$121
per month
Other Counties in Virginia
Hampton city
Tax: $2,259/yr Rate: 0.96%
Botetourt County
Tax: $1,761/yr Rate: 0.65%
Buchanan County
Tax: $404/yr Rate: 0.44%
Loudoun County
Tax: $6,186/yr Rate: 0.88%
Amherst County
Tax: $997/yr Rate: 0.51%
Wise County
Tax: $658/yr Rate: 0.56%
Frequently Asked Questions
What is the average property tax in Petersburg city, Virginia? ▼
The median annual property tax in Petersburg city is $1,449 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.92% on a median home value of $157,900.
How does Petersburg city property tax compare to the national average? ▼
Property taxes in Petersburg city are 25% below the national average of $1,923. The effective rate of 0.92% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Petersburg city? ▼
In Petersburg city, homeowners with a mortgage pay a median of $1,529 in annual property taxes, while homeowners without a mortgage pay $1,337. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Petersburg city? ▼
Property taxes in Petersburg city represent approximately 2.9% of the median household income of $50,741. 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.