Property Tax Analysis for Lexington city, VA
Property tax rates, assessment ratios, and appeal potential in Lexington city.
Effective Tax Rate
0.9%
Annual Tax Bill
$2,135
Monthly Escrow
$178
Tax Burden
2.3% of income
Tax Assessment Details
Current Assessment
Market Value$224,700
Est. Assessed Value$190,995
Assessment Ratio~85%
Effective Rate0.9%
Appeal Potential
Potential Annual Savings$320
5-Year Savings$1,600
vs National Averagebelow (1.1%)
Appeal Success Rate~40-60%
About Property Taxes in Lexington city
Lexington city in Virginia has an effective property tax rate of 0.9%, which is below the national average of 1.1%. On a median home value of $224,700, that translates to $2,135 annually or $178 per month in escrow.
Property tax assessments can often be successfully appealed. Our calculator models assessment ratios, comparable sales analysis, and appeal timing to estimate your potential savings with Monte Carlo simulation.
Calculate Your Property Tax Savings
Enter your property details and get a full tax analysis with appeal potential, assessment comparison, and projected savings over 5, 10, and 30 years.
Start Free Analysis