Virginia Beach Property Tax Rate

Virginia beach treasurer municipal center bldg 1 2401 courthouse drive virginia beach va 23456.

Virginia beach property tax rate.

The treasurer is responsible for preparing mailing and collecting the taxes based on what the cor discovers to be unbilled tangible personal property. The first half payment is due december 5th and the second half payment is due june 5th. A 25 00 advertising fee will be charged once the ad has been placed. Together the commonwealth of virginia and the city of virginia beach have one of the fairest tax structures of the 50 states.

Pay via the treasurer s local payment call center at 757 385 8968. When real estate taxes becomes delinquent by three years plus the current tax year the treasurer s office is allowed under code of virginia 58 1 3924 to advertise a list of properties which include the owners name of record as of the date of assessment in the newspaper. The city treasurer s office is state city mandated to prepare mail and collect all tax bills for real estate and personal property as well as trustee taxes state and estimated taxes various city departmental invoices and court ordered restitution. The fiscal year july 1st to june 30th real estate tax is billed in two parts by the office of the city treasurer.

Situated along the atlantic ocean in the southeast corner of the state virginia beach has property tax rates slightly higher than the state average. The average yearly property tax paid by virginia beach city residents amounts to about 2 9 of their yearly income. When are taxes due and to whom do i pay them. Virginia beach city has one of the highest median property taxes in the united states and is ranked 349th of the 3143 counties in order of median property taxes.

With many homeowners real estate taxes are paid by their mortgage company from funds in the owner s escrow account. Personal property taxes are assessed each year by the commissioner of revenue s cor office for all personal property garaged within the city of virginia beach. Pay personal property tax real estate tax parking tickets or public utilities storm water bills with a major credit card 2 5 fee or 1 00 whichever is greater. If you believe any real estate assessment data provided is inaccurate or if you have any comments about this online property assessment search we would like to hear from you.

The commonwealth has not raised its corporate income tax rate of 6 since 1972 and virginia s unemployment insurance rates and workers compensation costs are among the lowest in the nation. The city s average effective property tax rate is 0 87.