Virginia · FIPS 51775 · ACS 2020–2024
Salem city, Virginia property tax rate
Homeowners in Salem city paid a median of $2,316 a year in real estate taxes on a median home value of $258,600 (2020–2024 survey). Taxes came to 0.82% of home value, 6% above the Virginia rate of 0.78% and 12% below the U.S. rate of 0.94%.
- 0.82%Effective tax rate±0.09% margin · Virginia: 0.78%
- $2,316Median tax per yearVirginia: $2,790 · U.S.: $3,119
- $258,600Median home valueVirginia: $383,700
- 6,441Owner-occupied homes63% of households own
| Measure | Salem city | Virginia | U.S. | Salem city 2019–2023 | Change |
|---|---|---|---|---|---|
| Effective tax rate | 0.82% | 0.78% | 0.94% | 0.85% | −0.03 pts |
| Median tax, all owners | $2,316 | $2,790 | $3,119 | $2,232 | +$84 (+3.8%) |
| Median tax, with a mortgage | $2,212 | $3,014 | $3,489 | $2,184 | +$28 (+1.3%) |
| Median tax, no mortgage | $2,463 | $2,316 | $2,576 | $2,322 | +$141 (+6.1%) |
| Median home value | $258,600 | $383,700 | $332,700 | $244,800 | +$13,800 (+5.6%) |
| Total taxes paid | $15,821,500 | $8,529,454,200 | $360,573,527,500 | $15,874,500 |
How Salem city compares
- Per $1,000 of home value, owners here paid about $8.23 a year, against $7.79 statewide and $9.40 nationally.
- Rank in Virginia: 97 of 116 counties from lowest to highest effective rate (among those with reliable estimates). Nationally, 56% of 2,682 counties had a lower rate.
- Homes with a mortgage: 0.76% of value; homes without one: 0.93%. Median bills: $2,212 and $2,463.
- Compared with the 2019–2023 survey, the effective rate fell (−0.03 pts) and the median tax changed +$84 (+3.8%). The two 5-year surveys share four years of responses, so year-to-year moves are small and partly noise.
- Margin of error: the effective rate is 0.82% ± 0.09% at 90% confidence, from a sample of the 6,441 owner-occupied homes.
Virginia counties with similar rates
| County | Effective rate | Median tax | Median value |
|---|---|---|---|
| Loudoun County | 0.80% | $6,325 | $743,800 |
| Martinsville city | 0.81% | $760 | $98,400 |
| Lynchburg city | 0.81% | $1,804 | $229,800 |
| Franklin city | 0.81% | $1,821 | $256,600 |
| Charlottesville city | 0.82% | $3,915 | $486,700 |
| Montgomery County | 0.82% | $2,249 | $304,600 |
| Lexington city | 0.85% | $2,224 | $275,200 |
| Fairfax city | 0.85% | $6,515 | $722,600 |
Sources
- U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates, table-based summary file: B25090 (aggregate real estate taxes), B25082 (aggregate home value), B25103 (median real estate taxes), B25077 (median home value) and B25003 (tenure); files dated January 29, 2026.
- U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates, same tables (files dated October 31, 2024), for the comparison column.
- Geography names: Census Bureau Geos20245YR.txt (file dated January 22, 2026).
Effective rate = total real estate taxes paid by owner-occupied homes ÷ their total value, as reported by owners to the Census Bureau. It is not a millage rate. Your bill depends on your assessed value, exemptions (such as homestead) and local levies.