Property Taxes in Fairfield, Virginia
Median Fairfield, Virginia effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Fairfield, Virginia home value: $261,800
Median annual Fairfield, Virginia tax bill: $1,469, lower than the national median property tax bill of $2,400.
How are property taxes in Rockbridge calculated?
Property taxes in Fairfield, 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 Fairfield's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fairfield, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Fairfield Property Tax Calculator Work?
Use this Fairfield property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Fairfield's median effective tax rate of 0.61% — based on actual property records in Rockbridge County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Fairfield's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Fairfield's rate is lower than the Virginia median property tax rate of 0.90%, and the median property tax bill is $1,469, which is $931 lower than the state median bill. Your bill may vary by ZIP code within Fairfield, but the available ZIP code, 24435, shows the same median bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Fairfield.
About Fairfield Property Taxes
About Property Taxes in Fairfield, Rockbridge, Virginia
Fairfield's median effective property tax rate of 0.61% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Rockbridge 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 Fairfield. Homeowners in the 24435 ZIP code carry a median effective rate of 0.61%, while those in the 24435 pay 0.61%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Rockbridge County. Understanding which part of Fairfield you live in can make a meaningful difference to your annual tax bill.
Fairfield homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
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 Fairfield, Rockbridge 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 Fairfield'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 Fairfield Tax Rate
0.61%
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 Rockbridge County Tax Rate
0.61%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Fairfield, Rockbridge County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24435 | 0.38% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Fairfield, Rockbridge County, Virginia
When examining property taxes in Fairfield, 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. The Rockbridge 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 Rockbridge County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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. By understanding how assessed and market values are determined, property owners can better navigate their tax responsibilities in Fairfield.
For example, the median home price in Fairfield is $261,800, with tax bills ranging significantly across the county. 24435 has the highest median home price at $261,800.
Property Tax Assessment Values Across Fairfield, Rockbridge County, Virginia
Source: Ownwell
$123,400
$252,550
$381,700
Median Fairfield Market Value
$261,800
Median Rockbridge County Market Value
$223,900
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Fairfield, Rockbridge County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24435 | $122,000 | $176,400 | $261,800 | $391,350 | $561,200 |
Source: Ownwell
Property Tax Bills Across Fairfield, Rockbridge County, Virginia
Property tax bills in Fairfield are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For a home with a median market value of $261,800, the assessed amount helps determine the final bill homeowners receive each year.
Several factors can influence what a homeowner pays, including the property’s assessed value, the tax rate set by local taxing authorities, and any exemptions or adjustments that may apply. In Fairfield, the median property tax bill is $1,469, which is below the national median property tax bill of $2,400 and also below the national median property tax rate of 1.02%.
For homeowners, this means property taxes can change when market values rise or when local rates are adjusted. Bills in the area can vary widely, with the 25th percentile at $982, the 75th percentile at $2,185, and the 90th percentile at $3,093.
Median Fairfield Tax Bill
$1,469
Median Rockbridge County Tax Bill
$1,269
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Fairfield, Rockbridge County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24435 | $593 | $982 | $1,469 | $2,185 | $3,093 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | December 15 |
Links | |
|---|---|
| Rockbridge Tax Assessor | |
| Website | eservices.rockbridgecountyva.gov |