Real Estate Taxes in VA
Hi folks,
Out of stater here looking to analyze deals in VA. In my local MLS market, the RE taxes are itemized on the MLS report (which I can then verify through the municipality's web site).
How does it work in VA? The MLS reports I have from Richmond do not have the tax amounts on them, and a cursory web search has not yielded anything, either.
I apologize for my ignorance, but how do taxes work in VA? Do you have both city/county and school taxes attached to property ownership (that's how it is in NY)? Where I can find those tax amounts from an independent source (read: not involved in the RE transaction) in order to analyze the deal?
Thanks in advance!
Most Popular Reply
It depends. There is no state property tax. Here in Northern Virginia you pay county property tax. There is no separate school tax. If you are in an incorporated city, there is likely also a city tax. Again, a lot of this is going to depend on the exact municipality.