Radford city, Virginia Property Taxes
Census Bureau ACS property tax data for Virginia. Population: 2,347.
The median annual property tax in Radford city is $1,488, which is 24% lower than the Virginia state average and 23% below the national average. The effective tax rate is 0.70% on a median home value of $211,700. Property taxes represent 2.8% of the median household income in this county.
Median Annual Tax
$1,488
-24% vs State
-23% vs US
Median Home Value
$211,700
-24% vs State
+0% vs US
Effective Tax Rate
0.70%
+4% vs State
-26% vs US
With vs Without Mortgage
With Mortgage
$1,449
$121/mo
Without Mortgage
$1,568
$131/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 | $1,488 +6.5% | 0.70% |
| 2022 | $1,397 +9.5% | 0.68% |
| 2021 | $1,276 +6.1% | 0.73% |
| 2020 | $1,203 +0.8% | 0.70% |
| 2019 | $1,193 | 0.70% |
Tax Burden
Tax-to-Income Ratio
2.8%
of median household income
Median Income
$52,791
per year
Monthly Tax
$124
per month
Other Counties in Virginia
Richmond County
Tax: $1,188/yr Rate: 0.55%
Williamsburg city
Tax: $2,265/yr Rate: 0.58%
Fairfax County
Tax: $7,072/yr Rate: 1.01%
Franklin city
Tax: $1,677/yr Rate: 0.74%
Greene County
Tax: $2,009/yr Rate: 0.64%
Craig County
Tax: $958/yr Rate: 0.46%
Frequently Asked Questions
What is the average property tax in Radford city, Virginia? ▼
The median annual property tax in Radford city is $1,488 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.70% on a median home value of $211,700.
How does Radford city property tax compare to the national average? ▼
Property taxes in Radford city are 23% below the national average of $1,923. The effective rate of 0.70% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Radford city? ▼
In Radford city, homeowners with a mortgage pay a median of $1,449 in annual property taxes, while homeowners without a mortgage pay $1,568. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Radford city? ▼
Property taxes in Radford city represent approximately 2.8% of the median household income of $52,791. 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.