Portsmouth city, Virginia Property Taxes
Census Bureau ACS property tax data for Virginia. Population: 22,557.
The median annual property tax in Portsmouth city is $2,452, which is 25% higher than the Virginia state average and 28% above the national average. The effective tax rate is 1.07% on a median home value of $229,400. Property taxes represent 4.2% of the median household income in this county.
Median Annual Tax
$2,452
+25% vs State
+28% vs US
Median Home Value
$229,400
-18% vs State
+8% vs US
Effective Tax Rate
1.07%
+60% vs State
+13% vs US
With vs Without Mortgage
With Mortgage
$2,429
$202/mo
Without Mortgage
$2,501
$208/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 | $2,452 +3.2% | 1.07% |
| 2022 | $2,375 +8.9% | 1.11% |
| 2021 | $2,181 +1.7% | 1.19% |
| 2020 | $2,144 +1.9% | 1.23% |
| 2019 | $2,104 | 1.23% |
Tax Burden
Tax-to-Income Ratio
4.2%
of median household income
Median Income
$58,972
per year
Monthly Tax
$204
per month
Other Counties in Virginia
Rockbridge County
Tax: $1,432/yr Rate: 0.60%
Radford city
Tax: $1,488/yr Rate: 0.70%
Fairfax city
Tax: $6,392/yr Rate: 0.94%
Richmond city
Tax: $2,834/yr Rate: 0.86%
Southampton County
Tax: $1,380/yr Rate: 0.66%
Northumberland County
Tax: $1,602/yr Rate: 0.48%
Frequently Asked Questions
What is the average property tax in Portsmouth city, Virginia? ▼
The median annual property tax in Portsmouth city is $2,452 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.07% on a median home value of $229,400.
How does Portsmouth city property tax compare to the national average? ▼
Property taxes in Portsmouth city are 28% above the national average of $1,923. The effective rate of 1.07% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Portsmouth city? ▼
In Portsmouth city, homeowners with a mortgage pay a median of $2,429 in annual property taxes, while homeowners without a mortgage pay $2,501. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Portsmouth city? ▼
Property taxes in Portsmouth city represent approximately 4.2% of the median household income of $58,972. 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.