Springfield, Fairfax County, Virginia Property Taxes

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 Springfield’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

Springfield, located in Fairfax County, has a property tax rate of 1.14%, which aligns with both the highest and lowest rates found in the area. This rate is slightly above the national median of 1.02%, indicating a higher tax burden compared to many other regions across the country. Residents in Springfield can expect to pay more in property taxes than the national median bill of $2,400. Understanding these figures is crucial for homeowners looking to manage their expenses effectively.