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Property Tax in Lexington city, Virginia

In Lexington city, Virginia, the median property tax is $2,224/year — an effective tax rate of 0.81%. The median home value is $275,200.

Median Tax / Year $2,224
Effective Rate 0.81%
Median Home Value $275,200
Median Income $84,517

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How Lexington city Compares

Metric Lexington city Virginia Avg U.S. Avg
Effective Tax Rate 0.81% 0.65% 0.92%
Median Tax / Year $2,224 $2,023 $1,630
Median Home Value $275,200 $295,807 $227,706

Market Analysis

Lexington city's effective property tax rate of 0.81% is 24.2% above the Virginia state average and 11.6% below the U.S. national average. This is a moderately-priced tax jurisdiction relative to national norms.

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Frequently Asked Questions

What is the property tax rate in Lexington city?

The effective property tax rate in Lexington city is 0.81%, based on the median property tax paid ($2,224) divided by the median home value ($275,200).

How does Lexington city compare to the rest of Virginia?

Lexington city's rate is 24.2% above the Virginia state average of 0.65%. See the full Virginia breakdown.

Can I appeal my property tax assessment in Lexington city?

Yes. Most U.S. counties allow property owners to appeal their assessed value. See our Appeal Guide for the process and deadlines.

What exemptions are available in Virginia?

Virginia offers various exemptions, including homestead, senior citizen, veteran, and disability exemptions. See our Exemptions Guide.

Data Source: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates. Variables: B25103 (Median Real Estate Taxes Paid), B25077 (Median Home Value). Public domain. Effective rate = median tax ÷ median home value × 100. This page is for informational purposes only and does not constitute tax or legal advice.