Property Tax in Lexington city
via TaxByCounty
Lexington ranks among America's highest rates
Lexington's effective tax rate of 0.864% is the second-highest in Virginia and nearly triple the national median property tax burden of $2,690. Residents pay $2,378 annually on the median home—significantly above typical American households.
Virginia's second-highest tax burden
Lexington city has the second-highest effective tax rate in Virginia at 0.864%, topped only by Loudoun County at 0.882%. With median taxes of $2,378, Lexington far exceeds Virginia's $1,960 state median.
Premium pricing in the region
Lexington's 0.864% rate dramatically exceeds neighboring King William (0.627%), Louisa (0.646%), and all surrounding counties. Only Loudoun County approaches this tax burden, reflecting Lexington's status as a regional hub with higher service costs.
What $275,300 home costs yearly
On Lexington's median home value of $275,300, homeowners pay approximately $2,378 per year in property taxes—about $198 monthly. This is among the highest rates for a home of this value statewide.
Challenge high assessments aggressively
Lexington's high effective rate makes it especially important for residents to scrutinize their property assessments for errors. A successful appeal could yield hundreds in annual savings.