Calculate using real Norfolk data. Median home price: $260,000. Property tax rate: 1.05%.
The effective property tax rate in Norfolk, VA is 1.05%. On the median home value of $260,000, that equals approximately $2,730 per year.
At the 1.05% effective rate, a $260,000 home in Norfolk, VA would pay about $2,730 annually, or $228 per month.
The 1.05% rate in Norfolk, VA is near the national average of roughly 1.1%.