Suffolk, Suffolk County, Virginia Property Taxes
Median Suffolk, VA effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Suffolk, VA home value: $317,700
Median annual Suffolk, VA tax bill: $3,542, $1,142 higher than the national median property tax bill of $2,400.
How are property taxes in Suffolk calculated?
Property taxes in Suffolk, 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 Suffolk’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Suffolk, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Suffolk, Suffolk County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.18%
Estimate Property Tax Bill
$3,749
$3,479
Property Tax Rates Across Suffolk, Suffolk County, Virginia
Local government entities set tax rates, which can vary widely within a state. This variability is due to the annual process where 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.
Suffolk, located in Virginia, has an effective property tax rate that compares interestingly to other cities in the state. The median tax rate in Suffolk is 1.18%, which is slightly higher than the national median of 1.02%. Within Suffolk, the highest median tax rate is found in the 23438 zip code at 1.20%, while the lowest is in the 23436 zip code at 1.15%. These figures highlight the variation that can exist even within a single city. Comparing these rates to the national average provides valuable insight for property owners looking to understand their tax liabilities better.
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 Suffolk Tax Rate
1.18%
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 Suffolk County Tax Rate
1.18%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Suffolk, Suffolk County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23432 | 1.07% | 1.13% | 1.16% | 1.23% | 1.33% |
| 23433 | 1.11% | 1.14% | 1.16% | 1.19% | 1.25% |
| 23434 | 1.07% | 1.16% | 1.20% | 1.27% | 1.44% |
| 23435 | 1.09% | 1.12% | 1.16% | 1.19% | 1.25% |
| 23436 | 1.10% | 1.13% | 1.15% | 1.19% | 1.31% |
| 23437 | 1.07% | 1.16% | 1.20% | 1.26% | 1.35% |
| 23438 | 1.05% | 1.16% | 1.20% | 1.26% | 1.34% |
| 23439 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Suffolk, Suffolk County, Virginia
When examining property taxes in Suffolk, 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 Suffolk 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.
In Suffolk County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Suffolk. For example, the median home price in Suffolk is $317,700, with tax bills ranging significantly across the county. Zip code 23436 has the highest median home price at $462,400.
Property Tax Assessment Values Across Suffolk, Suffolk County, Virginia
Source: Ownwell
$271,950
$367,175
$462,400
Median Suffolk Market Value
$317,700
Median Suffolk County Market Value
$317,700
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Suffolk, Suffolk County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23432 | $137,660 | $214,700 | $375,900 | $567,850 | $720,000 |
| 23433 | $201,920 | $315,700 | $439,100 | $560,200 | $726,200 |
| 23434 | $106,050 | $177,425 | $274,600 | $375,600 | $459,950 |
| 23435 | $223,700 | $286,800 | $381,400 | $461,400 | $587,000 |
| 23436 | $127,540 | $323,250 | $462,400 | $607,900 | $726,040 |
| 23437 | $125,240 | $186,275 | $274,950 | $381,300 | $466,570 |
| 23438 | $124,140 | $193,275 | $271,950 | $368,600 | $465,900 |
| 23439 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Suffolk, Suffolk County, Virginia
Median Suffolk Tax Bill
$3,542
Median Suffolk County Tax Bill
$3,542
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Suffolk, Suffolk County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23432 | $1,072 | $2,377 | $4,120 | $6,344 | $8,087 |
| 23433 | $2,218 | $3,505 | $4,983 | $6,299 | $8,086 |
| 23434 | $976 | $1,912 | $3,133 | $4,274 | $5,162 |
| 23435 | $1,585 | $3,201 | $4,258 | $5,187 | $6,498 |
| 23436 | $1,112 | $3,663 | $5,171 | $6,868 | $8,084 |
| 23437 | $952 | $2,125 | $3,192 | $4,295 | $5,307 |
| 23438 | $1,047 | $2,207 | $3,193 | $4,187 | $5,333 |
| 23439 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell