Property Taxes in Oakton, Virginia
Median Oakton, Virginia effective property tax rate: 1.16%, significantly lower than the national median of 1.02%, and higher than the Virginia state median of 0.90%.
Median Oakton, Virginia home value: $896,190
Median annual Oakton, Virginia tax bill: $10,365, $7,965 higher than the national median property tax bill of $2,400.
How are property taxes in Fairfax calculated?
Property taxes in Oakton, Virginia 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 Oakton's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oakton, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Oakton Property Tax Calculator Work?
Use this Oakton property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Oakton's median effective tax rate of 1.16% — based on actual property records in Fairfax County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Oakton's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Oakton: rates range from 1.16% in 22124 to 1.16% in 22124, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Oakton.
About Oakton Property Taxes
About Property Taxes in Oakton, Fairfax, Virginia
Oakton’s median effective property tax rate of 1.16% is higher than the Fairfax County median of 0.90% and lower than the national median of 1.02%. This rate reflects the Fairfax County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Oakton. Homeowners in the 22124 ZIP code carry a median effective rate of 1.16%, while those in the same ZIP also pay 1.16%. This reflects how school district boundaries and local assessment districts are drawn across Fairfax County. Understanding which part of Oakton you live in can make a meaningful difference to your annual tax bill.
Oakton homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before April 1, 2026.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Oakton, Fairfax County, Virginia
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, 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.
Below, you can compare Oakton's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
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 Oakton Tax Rate
1.16%
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 Fairfax County Tax Rate
1.16%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Oakton, Fairfax County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22124 | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Oakton, Fairfax County, Virginia
When examining property taxes in Oakton, Virginia, 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. Fairfax County 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.
Assessment notices:
In Fairfax County, assessment notices are sent in February each year.
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. For example, the median home price in Oakton is $896,190, with a median tax bill of $10,365. Tax bills range significantly across the county, and 22124 has the highest median home price at $896,190.
Property Tax Assessment Values Across Oakton, Fairfax County, Virginia
Source: Ownwell
$210,000
$779,880
$1,349,760
Median Oakton Market Value
$896,190
Median Fairfax County Market Value
$672,555
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Oakton, Fairfax County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22124 | $316,910 | $595,200 | $896,190 | $1,173,720 | $1,615,630 |
Source: Ownwell
Property Tax Bills Across Oakton, Fairfax County, Virginia
Property tax bills in Oakton are calculated using the assessed value of a home and the local tax rate set by Fairfax County. The median home price is $896,190, so many homeowners face substantial tax obligations compared with the national median property tax bill of $2,400.
The final bill depends on several factors, including the home’s assessed market value, any exemptions or relief programs that may apply, and the county’s tax rate. For many homeowners, the amount can vary widely: the 25th percentile tax bill is $6,852, while the 75th percentile reaches $13,561. At the high end, the 90th percentile tax bill is $18,647.
These property taxes can have a major effect on household budgets, especially in a market where the median tax bill is $10,365. Because the bill is tied to assessed value, changes in market conditions can increase what homeowners owe even if their mortgage stays the same.
Median Oakton Tax Bill
$10,365
Median Fairfax County Tax Bill
$7,877
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Oakton, Fairfax County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22124 | $3,637 | $6,852 | $10,365 | $13,561 | $18,647 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Fairfax Tax Assessor | |
| Website | icare.fairfaxcounty.gov |