According to the US Census Bureau, the average annual income for households in Virginia was $61,210 in 2008. This is over the national average of $52,029.
Annual property tax bills are mailed in early October of each year. The bill is payable in two installments. The first installment is due on November 1 and is delinquent if the payment is not received by 5:00 p.m. or postmarked by December 10; a 10% penalty is assessed for delinquent payments.
The assessment date is November 1st. Property taxes applicable to this assessment will come due in the year following the assessment year. The Director of Equalization does not determine the property tax. The local governments and taxing districts will determine the property tax based upon budgetary needs. The Director of Equalization is responsible for assessing all property at market value to ensure that the property tax burden is equally spread across all taxable property in the county.