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In 2017 local taxes alone in this city were 0.7% and Norfolk was happily ranked #100 for tax burdens on large American cities. It is also worth noting that Virginia levies a mandatory 1% statewide add-on sales taxes at the local level. This tax is included in Virginia state sales tax rates. Northern Virginia and Hampton Roads have an additional 0.7% rate which is treated as a local tax.
The estimated population of Norfolk City, Virginia is 242,803 with 95,018 of those people taking residence in 86,485 housing units. Norfolk has around 30,318 housing units that are owned with a mortgage or a loan, 8,934 that are owned free and clear and 47,233 that are renter occupied.
Review active property listings that are eligible for USDA loans in Norfolk.
According to a list of the fastest growing cities, the city of Norfolk is ranked overall as number 412 in the nation. Norfolk, Virginia is also ranked poorly at number 454 for the economy and number 340 for socio-demographics.
Do you live in Norfolk? Contact Us to find out how to become a local QuantaLoan representative and see how to take advantage of our market data analysis offerings.
