Chesapeake County, Virginia Property Taxes

Name: Property Tax Bills Across Chesapeake County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Chesapeake County effective property tax rate: 0.92%, significantly lower than the national median of 1.02%.
Median Chesapeake County home value: $339,200
Median annual Chesapeake County tax bill: $3,086, $686 higher than the national median property tax bill of $2,400.

How are property taxes in Chesapeake County calculated?

Property taxes in Chesapeake County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Chesapeake or another part of Chesapeake County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Chesapeake County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.92%

Estimate Property Tax Bill

$3,121

$2,896

Ownwell’s Chesapeake County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chesapeake County with just two data points. By entering your property's estimated assessed value, our calculator applies Chesapeake County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Chesapeake County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Chesapeake County, Virginia

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Chesapeake County's effective property tax rate to other counties in Virginia or the U.S. median property tax rate. Chesapeake County has a median property tax rate of 0.92%, which is lower than the national median of 1.02%. Among Virginia's counties, Virginia Beach has the highest median property tax rate at 0.96%, while Chesapeake itself shares the lowest rate in the state. This makes Chesapeake an attractive option for property owners looking for lower tax rates. Understanding these differences can help homeowners make informed decisions about where to buy or invest. By choosing a location like Chesapeake, with its favorable tax rate, property owners can potentially save on their annual tax bills compared to the national average.

Property Tax Rates Across Chesapeake County, Virginia

Source: Ownwell

0.91%

0.93%

0.96%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Chesapeake County Tax Rate

0.92%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chesapeake County, Virginia

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Chesapeake	0.86%	0.89%	0.92%	0.95%	0.97%
Virginia Beach	0.95%	0.95%	0.96%	0.96%	0.96%

Source: Ownwell

Property Tax Assessment Values Across Chesapeake County, Virginia

When examining property taxes in Chesapeake County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Chesapeake County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Chesapeake County. For example, the median tax bill in Chesapeake County is $3,086, with tax bills ranging significantly across the county. Virginia Beach has the highest median home price at $399,700.

Property Tax Assessment Values Across Chesapeake County, Virginia

Source: Ownwell

$211,600

$324,550

$437,500

Median Chesapeake County Market Value

$339,200

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chesapeake County, Virginia

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Chesapeake	$195,400	$245,800	$339,200	$449,600	$563,400
Virginia Beach	$369,460	$388,850	$399,700	$411,350	$419,100

Source: Ownwell

Property Tax Bills Across Chesapeake County, Virginia

In Chesapeake, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the tax bill. For homeowners in Chesapeake, the property tax landscape can vary significantly. The median home price is $339,200, and the property tax bill for a homeowner at the 25th percentile is $2,189, while those at the 75th percentile pay $4,141. This range illustrates the variability in tax obligations depending on property value and specific exemptions or deductions that may apply. Chesapeake's lowest median tax bill is $3,086, which is lower than the national median property tax bill of $2,400. However, the highest median tax bill in Virginia Beach is $3,811, indicating a broader range of tax bills within the region. These property taxes significantly impact homeowners' financial planning, often influencing decisions about buying, selling, or renovating properties.

Property Tax Bills Across Chesapeake County, Virginia

Source: Ownwell

$1,894

$2,960

$4,025

Median Chesapeake County Tax Bill

$3,086

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Chesapeake County, Virginia

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Chesapeake	$1,680	$2,189	$3,086	$4,141	$5,165
Virginia Beach	$3,528	$3,696	$3,811	$3,930	$4,001

Source: Ownwell