Norfolk, Norfolk County, Virginia Property Taxes

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

Median Norfolk, VA effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Virginia state median of 0.89%. Median Norfolk, VA home value: $248,900. Median annual Norfolk, VA tax bill: $3,116, $716 higher than the national median property tax bill of $2,400.

How are property taxes in Norfolk calculated?

Property taxes in Norfolk, VA 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 Norfolk’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Norfolk, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Norfolk, 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 Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Norfolk with just two data points. By entering your property's estimated assessed value, our calculator applies Norfolk’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 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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Norfolk, Norfolk County, Virginia

Local government entities set tax rates, which can vary widely within a state. Annually, each county 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’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Norfolk, located in Norfolk County, has a median property tax rate of 1.25%. This rate is notably higher than the national median property tax rate of 1.02%. In comparison to other regions within Virginia, Norfolk's rate stands out, as it is both the highest and the lowest within the county's zip codes, reflecting a uniform tax rate across the area. Understanding these rates can help property owners make informed decisions about potential tax appeals and exemptions.

Property Tax Rates Across Norfolk, 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 Tax Rate

1.25%

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, Norfolk County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23502	1.25%	1.25%	1.25%	1.25%	1.25%
23503	1.25%	1.25%	1.25%	1.25%	1.25%
23504	1.25%	1.25%	1.25%	1.25%	1.25%
23505	1.25%	1.25%	1.25%	1.25%	1.25%
23507	1.25%	1.25%	1.25%	1.25%	1.25%
23508	1.25%	1.25%	1.25%	1.25%	1.25%
23509	1.25%	1.25%	1.25%	1.25%	1.25%
23510	1.25%	1.25%	1.25%	1.41%	1.41%
23513	1.25%	1.25%	1.25%	1.25%	1.25%
23517	1.25%	1.25%	1.25%	1.25%	1.25%
23518	1.25%	1.25%	1.25%	1.25%	1.25%
23523	1.25%	1.25%	1.25%	1.25%	1.25%

Source: Ownwell

Property Tax Assessment Values Across Norfolk, Norfolk County, Virginia

When examining property taxes in Norfolk, VA, 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 appraisal district 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.

Assessment notices: 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. For example, the median home price in Norfolk is $248,900, with tax bills ranging significantly across the county. Zip code 23507 has the highest median home price at $441,550.

Property Tax Assessment Values Across Norfolk, Norfolk County, Virginia

Source: Ownwell

$201,450

$321,500

$441,550

Median Norfolk Market Value

$248,900

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, Norfolk County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23502	$172,400	$210,500	$250,000	$298,725	$362,540
23503	$169,600	$202,050	$247,800	$315,700	$407,100
23504	$122,800	$154,900	$208,600	$279,300	$347,460
23505	$161,000	$198,900	$268,500	$370,625	$549,340
23507	$181,300	$273,100	$441,550	$569,400	$722,790
23508	$166,800	$232,300	$321,400	$421,000	$551,500
23509	$156,320	$182,400	$223,700	$295,600	$396,020
23510	$196,100	$239,800	$292,600	$484,900	$630,900
23513	$142,200	$179,000	$215,600	$259,900	$323,900
23517	$159,740	$202,400	$327,400	$449,750	$565,260
23518	$201,420	$228,950	$268,800	$359,000	$556,640
23523	$124,220	$156,475	$201,450	$249,400	$308,390

Source: Ownwell

Property Tax Bills Across Norfolk, Norfolk County, Virginia

In Norfolk, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Norfolk is $248,900, and the tax rate is applied to this assessed value to determine the tax bill. Homeowners in Norfolk can expect a median tax bill ranging from $2,476 at the 25th percentile to $5,805 at the 90th percentile. The highest median tax bill is found in zip code 23507 at $5,519, while the lowest is in zip code 23523 at $2,518. These bills can significantly impact homeowners, with Norfolk's median tax bill often exceeding the national median of $2,400. Factors such as changes in property value and local tax rates can influence the final bill. Ownwell assists homeowners by identifying potential savings through appeals and exemptions, ensuring they aren't overpaying on their property taxes. By leveraging expert knowledge and experience, Ownwell helps reduce the financial burden of property taxes.

Property Tax Bills Across Norfolk, Norfolk County, Virginia

Source: Ownwell

$2,518

$4,019

$5,519

Median Norfolk Tax Bill

$3,116

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, Norfolk County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23502	$2,155	$2,631	$3,125	$3,734	$4,532
23503	$2,120	$2,526	$3,098	$3,946	$5,089
23504	$1,535	$1,936	$2,608	$3,491	$4,343
23505	$2,012	$2,486	$3,356	$4,633	$6,867
23507	$2,266	$3,414	$5,519	$7,118	$9,035
23508	$2,085	$2,904	$4,018	$5,262	$6,894
23509	$1,954	$2,280	$2,796	$3,695	$4,950
23510	$2,664	$3,105	$3,845	$6,142	$8,004
23513	$1,778	$2,238	$2,695	$3,249	$4,049
23517	$1,997	$2,530	$4,092	$5,622	$7,066
23518	$2,518	$2,862	$3,360	$4,488	$6,958
23523	$1,553	$1,956	$2,518	$3,118	$3,855

Source: Ownwell