Property Tax and Assessor Data for Fairfax County, Virginia
Property Taxes Rise in Fairfax County, Virginia
ATTOM’s latest annual property tax analysis for almost 87 million U.S. single-family homes shows that the effective tax rate in Fairfax County, Virginia, rose slightly from 2019 to 2020.
Fairfax County, among the Commonwealth of Virginia and part of Northern Virginia, has a population of 1.1 million. The county is the most populous jurisdiction in the Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Statistical Area. It borders the Washington, DC suburbs of the City of Alexandria and Arlington County.
Property Tax and Assessor Data Highlights of Fairfax County, Virginia
Both the average price of a single-family home and the effective tax rate remained relatively stable in Fairfax County, Virginia, with just a slight increase in the average house price from 2019 to 2020. Here are the highlights from ATTOM’s latest property tax and assessor report for Fairfax County.
The average estimated value of a single-family home in 2020 was just over $767,000, and the estimated value of a single-family home in 2019 was just over $754,000.
In 2019, average property taxes were around $8,300, and average taxes rose to just over $8,600 in 2020.
The effective tax rate was was stable in both 2020 and 2019, at around 1.1 percent.
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How You Can Use Property Tax and Assessor Data for Fairfax County, Virginia
ATTOM’s county tax assessor data, including assessor market values, are key resources for real estate portals that offer extensive data points to their users.
Home valuers need reliable source data for accurate home valuations. ATTOM’s tax assessor data can automate these processes making them faster and more efficient.
Insurance companies rely on assessed and appraised market values for their policies, and mortgage providers need tax assessor data to underwrite loans.
For marketers, property tax data helps purveyors to create targeted lists of homes and homeowners for real estate professionals.
ATTOM analyzes property tax data collected from county tax assessor offices nationwide at the state, metro, and county levels. The data includes estimated market values of single-family homes. The effective tax rate is the average annual property tax expressed as a percentage of the average estimated market value of homes in each geographic area.