Virginia Beach, Chesapeake County, Virginia Property Taxes
Median Virginia Beach, VA effective property tax rate: 0.96%, slightly lower than the national median of 1.02%, but higher than the Virginia state median of 0.89%.
Median Virginia Beach, VA home value: $399,700
Median annual Virginia Beach, VA tax bill: $3,811, $1,411 higher than the national median property tax bill of $2,400.
How are property taxes in Chesapeake calculated?
Property taxes in Virginia Beach, VA 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 Virginia Beach’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Virginia Beach, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Virginia Beach, Chesapeake County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.96%
Estimate Property Tax Bill
$3,837
$3,561
Property Tax Rates Across Virginia Beach, Chesapeake County, Virginia
As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because annually, 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 Virginia Beach’s effective property tax rate to other cities in VA and the median property tax rates in VA and the U.S.
Virginia Beach, located in Chesapeake County, has a median property tax rate of 0.96%, which aligns with the highest and lowest rates in the area. This rate is slightly below the national median property tax rate of 1.02%. The median property tax bill in Virginia Beach also tends to be lower than the national median of $2,400, making it an attractive location for homeowners seeking lower property tax liabilities. Understanding these rates can help homeowners make informed decisions about property investment and budget planning.
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 Virginia Beach Tax Rate
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 Virginia Beach, Chesapeake County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23464 | 0.95% | 0.95% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Virginia Beach, Chesapeake County, Virginia
When examining property taxes in Virginia Beach, VA, 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.
In Chesapeake County, 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 Virginia Beach. For example, the median home price in Virginia Beach is $399,700, with tax bills ranging significantly across the county. Zip code 23464 has the highest median home price at $399,700.
Property Tax Assessment Values Across Virginia Beach, Chesapeake County, Virginia
Source: Ownwell
$211,600
$324,550
$437,500
Median Virginia Beach Market Value
$399,700
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 Virginia Beach, Chesapeake County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23464 | $369,460 | $388,850 | $399,700 | $411,350 | $419,100 |
Source: Ownwell
Property Tax Bills Across Virginia Beach, Chesapeake County, Virginia
In Virginia Beach, located in Chesapeake County, property tax bills are determined based on the assessed value of a home. The local tax rate is applied to this assessed value, which is typically a percentage of the property's market value. For homeowners in Virginia Beach, the median home price is $399,700, leading to a property tax bill that can vary significantly. The 25th percentile tax bill stands at $3,696, while the 75th percentile reaches $3,930, and the 90th percentile can go up to $4,001. This variation can impact homeowners' budgets, especially when compared to the national median property tax bill of $2,400.
Ownwell helps homeowners by offering property tax appeal services, ensuring they aren't overpaying. By analyzing property assessments and market trends, Ownwell identifies opportunities for tax reductions. This service can be particularly beneficial in areas like Virginia Beach, where tax bills can be higher than the national average. By partnering with Ownwell, homeowners can potentially reduce their tax burden and achieve significant savings.
Property Tax Bills Across Virginia Beach, Chesapeake County, Virginia
Source: Ownwell
$1,894
$2,960
$4,025
Median Virginia Beach Tax Bill
$3,811
Median Chesapeake County Tax Bill
$3,086
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Virginia Beach, Chesapeake County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23464 | $3,528 | $3,696 | $3,811 | $3,930 | $4,001 |
Source: Ownwell