Galax city, Virginia Property Taxes
Census Bureau ACS property tax data for Virginia. Population: 1,682.
The median annual property tax in Galax city is $962, which is 51% lower than the Virginia state average and 50% below the national average. The effective tax rate is 0.76% on a median home value of $126,800. Property taxes represent 2.3% of the median household income in this county.
Median Annual Tax
$962
-51% vs State
-50% vs US
Median Home Value
$126,800
-54% vs State
-40% vs US
Effective Tax Rate
0.76%
+13% vs State
-20% vs US
With vs Without Mortgage
With Mortgage
$917
$76/mo
Without Mortgage
$1,037
$86/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 | $962 +14.7% | 0.76% |
| 2022 | $839 +2.9% | 0.77% |
| 2021 | $815 +10.4% | 0.81% |
| 2020 | $738 -1.1% | 0.76% |
| 2019 | $746 | 0.77% |
Tax Burden
Tax-to-Income Ratio
2.3%
of median household income
Median Income
$41,438
per year
Monthly Tax
$80
per month
Other Counties in Virginia
Dickenson County
Tax: $503/yr Rate: 0.50%
Portsmouth city
Tax: $2,452/yr Rate: 1.07%
Amelia County
Tax: $1,034/yr Rate: 0.43%
James City County
Tax: $2,786/yr Rate: 0.66%
Craig County
Tax: $958/yr Rate: 0.46%
Orange County
Tax: $2,048/yr Rate: 0.61%
Frequently Asked Questions
What is the average property tax in Galax city, Virginia? ▼
The median annual property tax in Galax city is $962 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.76% on a median home value of $126,800.
How does Galax city property tax compare to the national average? ▼
Property taxes in Galax city are 50% below the national average of $1,923. The effective rate of 0.76% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Galax city? ▼
In Galax city, homeowners with a mortgage pay a median of $917 in annual property taxes, while homeowners without a mortgage pay $1,037. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Galax city? ▼
Property taxes in Galax city represent approximately 2.3% of the median household income of $41,438. 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.