Norfolk County, Virginia Property Taxes

Name: Property Tax Bills Across Norfolk County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Norfolk County effective property tax rate: 1.25%, significantly higher than the national median of 1.02%.
Median Norfolk County home value: $248,900
Median annual Norfolk County tax bill: $3,116, $716 higher than the national median property tax bill of $2,400.

How are property taxes in Norfolk County calculated?

Property taxes in Norfolk County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Norfolk or another part of Norfolk County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Norfolk County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.25%

Estimate Property Tax Bill

$3,111

$2,887

Ownwell’s Norfolk County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Norfolk County with just two data points. By entering your property's estimated assessed value, our calculator applies Norfolk County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Norfolk County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Norfolk County, Virginia

Local government entities in Virginia set tax rates, which can vary widely within the state. Each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Norfolk County's effective property tax rate to other counties in Virginia or the U.S. median property tax rate. Norfolk County stands out with a median property tax rate of 1.25%, which is above the national median of 1.02%. This higher rate reflects the county's budgetary needs and the value of properties within its borders. Understanding these differences is crucial for property owners, as it directly impacts their annual tax bills. For instance, a property valued at the national median would result in a higher tax bill in Norfolk County compared to the national median property tax bill of $2,400. By staying informed about local tax rates, residents can better anticipate their financial obligations and plan accordingly.

Property Tax Rates Across Norfolk County, Virginia

Source: Ownwell

1.25%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Norfolk County Tax Rate

1.25%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Norfolk County, Virginia

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Norfolk	1.25%	1.25%	1.25%	1.25%	1.25%

Source: Ownwell

Property Tax Assessment Values Across Norfolk County, Virginia

When examining property taxes in Norfolk County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Norfolk County Department of Tax Administration estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Norfolk County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Norfolk County.

For example, the median tax bill in Norfolk County is $3116, with tax bills ranging significantly across the county. Norfolk has the highest median home price at $248,900.

Property Tax Assessment Values Across Norfolk County, Virginia

Source: Ownwell

$201,450

$321,500

$441,550

Median Norfolk County Market Value

$248,900

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Norfolk County, Virginia

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Norfolk	$159,400	$197,800	$248,900	$330,200	$463,800

Source: Ownwell

Property Tax Bills Across Norfolk County, Virginia

In Norfolk County, VA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, reflecting its worth based on recent sales of similar properties. Homeowners in Norfolk experience a median property tax bill of $3,116, which is significantly higher than the national median of $2,400. This higher tax bill reflects the area's higher property values and tax rates compared to other regions.

Factors such as location, size, and improvements made to the property can influence its assessed value, thus affecting the tax bill. For homeowners, this means that any increase in their property's market value or changes in the local tax rate can lead to higher tax obligations. The 25th percentile of tax bills in Norfolk is $2,476, while the 75th percentile reaches $4,131, indicating a range of tax burdens depending on property characteristics. Understanding these factors can help homeowners anticipate and manage their property tax expenses effectively.

Property Tax Bills Across Norfolk County, Virginia

Source: Ownwell

$2,518

$4,019

$5,519

Median Norfolk County Tax Bill

$3,116

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Norfolk County, Virginia

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Norfolk	$1,992	$2,476	$3,116	$4,131	$5,805

Source: Ownwell