Virginia Depreciation Calculator

Real estate depreciation lets you deduct the cost of a building over its useful life — 27.5 years for residential property. Pre-filled with Virginia median property value of $444,000.

Market

Browse calculators by state

Property Details

Property Type

Purchase Price

Land Percentage($88,800 land)

Capital Improvements

Tax & Timeline

Marginal Tax Rate

Years Held

Depreciation Schedule

$12,916$12,916 total

$12,916$25,833 total

$12,916$38,749 total

$12,916$51,665 total

$12,916$64,582 total

$12,916$77,498 total

$12,916$90,415 total

$12,916$103,331 total

$12,916$116,247 total

$12,916$129,164 total

$12,916$142,080 total

$12,916$154,996 total

$12,916$167,913 total

$12,916$180,829 total

$12,916$193,745 total

$12,916$206,662 total

$12,916$219,578 total

$12,916$232,495 total

$12,916$245,411 total

$12,916$258,327 total

$12,916$271,244 total

$12,916$284,160 total

$12,916$297,076 total

$12,916$309,993 total

$12,916$322,909 total

$12,916$335,825 total

$12,916$348,742 total

$6,458$355,200 total

Virginia Market Context

Avg Cap Rate

5.2%

Median Price

$444K

Property Tax

0.75%

Vacancy Rate

5.6%

Local Factors

-Northern Virginia benefits from federal government and defense contractor employment
-Hampton Roads has military base-driven rental demand
-Richmond is an emerging investment market with lower entry prices than NoVA

Sources

World Population Review – Median Home Price FL Probate Law – Property Tax Rates (ACS Data)The Hartford – Insurance Rates iPropertyManagement – Vacancy Rates

Annual Depreciation

$12,916

$1,076/mo

Solid Savings

Annual Tax Savings$3,100

Depreciable Basis$355,200

Building Value$355,200

Land Value$88,800

Useful Life27.5 years

Total Deductions Taken$12,916

Total Tax Savings$3,100

Years Remaining27 of 27.5

Land (Non-depreciable)$88,800

Depreciation Taken$12,916

Remaining Basis$342,284

What does this mean?

You're getting meaningful tax savings from depreciation. This phantom expense reduces your taxable rental income without costing you anything out of pocket.

How Real Estate Depreciation Works

Depreciation is one of the most powerful tax benefits of owning rental property. The IRS allows you to deduct the cost of a building (not land) over its useful life — 27.5 years for residential and 39 years for commercial property.

This is called straight-line depreciation because you take equal deductions each year. It's a "paper loss" — your property might be appreciating while you claim it's losing value. That phantom expense offsets rental income and reduces your tax bill.

Keep running the numbers

One calculator rarely tells the whole story.

Depreciation is the silent return in Virginia. See how it compounds.

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