How Much Are Property Taxes in Virginia Beach?

The real estate tax rate in Virginia Beach for fiscal year 2026 is $0.97 per $100 of assessed value. Applied to the city's projected median residential assessment of roughly $365,300, the median single-family property tax bill works out to about $3,540 a year, before any exemptions or special service district surcharges. If you are comparing homes for sale in Hampton Roads or working out what a Virginia Beach mortgage payment really looks like, this is one number you want in hand before you make an offer, not after.

How the Rate Works

Virginia Beach sets a single general real estate rate each fiscal year. At the current $0.97 per $100 of assessed value, a home assessed at the city median of $365,300 carries an annual tax bill of about $3,540. For a $430,000 home at the typical Virginia Beach price point, the number climbs to roughly $5,300 a year, or about $375 a month added on top of principal and interest. Separate special service districts like Sandbridge or some oceanfront areas levy their own extra charge on top of the general rate, so an exact quote always depends on the exact neighborhood.

Why It Matters Beyond the Monthly Payment

Property taxes change what you can afford, and they change what you can negotiate. When you budget how much house you can buy, do not forget taxes are a monthly cost, not an annual afterthought. When a seller prices a home based on their old lower assessment and the buyer sees a newer higher one, that is a real negotiation point. And for military families in Virginia, a 100% VA-rated disabled veteran who uses their primary residence exemption can remove this cost entirely, which changes the math completely for the veterans I work with in Hampton Roads.

How Virginia Beach Compares Locally

In the broader picture, Virginia Beach sits in the middle of the pack. Chesapeake and parts of the market run similar rates, and neighboring South Hampton Roads cities vary. The city is generally known for a tax rate that helps make the coastal lifestyle stay affordable, and most neighborhoods here land on the lower side of the coastal spectrum. If you are comparing Virginia Beach vs. Chesapeake, the tax rates are close enough that either is worth a deep look: I break down the two cities in detail in the Virginia Beach vs. Chesapeake comparison page so you can weigh rates, schools, and commute together.

Getting an Exact Number for a Specific Home

The best way to see the exact annual bill for a home you love is to pull the city's assessment on that address and multiply it by the applicable rate. I do exactly that for my clients before we write an offer, and I fold the result into the monthly estimate I give them alongside mortgage and insurance. I also show people how their closing costs and year-one costs behave in my Virginia Beach affordability guide, so no expense is a surprise on closing day.

The Bottom Line

Plan on a Virginia Beach property tax bill of roughly $3,500 to $4,400 a year for a typical home, run the exact number for the specific address before you budget, and check whether you qualify for an exemption. Getting the tax math right turns a good neighborhood price into a plan you can actually sleep on. Tell me the home you are considering and I will pull the actual assessed value and tax bill for you, free, before you offer.