Chesterfield County, Virginia Property Taxes

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

Median Chesterfield County effective property tax rate: 0.92%, slightly lower than the national median of 1.02%.
Median Chesterfield County home value: $304,500
Median annual Chesterfield County tax bill: $2,742, $342 higher than the national median property tax bill of $2,400.

How are property taxes in Chesterfield County calculated?

Property taxes in Chesterfield 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 Chesterfield or another part of Chesterfield County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Chesterfield 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

$2,801

$2,600

Ownwell’s Chesterfield County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chesterfield County with just two data points. By entering your property's estimated assessed value, our calculator applies Chesterfield 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 Chesterfield County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Chesterfield County, Virginia

Local government entities set tax rates, which can vary significantly within Virginia. 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. Chesterfield County's effective property tax rate is 0.92%, which is slightly below the national median property tax rate of 1.02%. The highest median tax rate in the area is also 0.92% in South Chesterfield, while the lowest is 0.91% in Colonial Heights. Compared to the national median property tax bill of $2400, Chesterfield County offers a competitive rate for homeowners. Understanding these rates can help property owners in Chesterfield County make informed decisions about their property tax appeals and exemptions.

Property Tax Rates Across Chesterfield County, Virginia

Source: Ownwell

0.91%

0.92%

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 Chesterfield County Tax Rate

0.92%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chesterfield County, Virginia

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Chester	0.91%	0.91%	0.92%	0.92%	0.92%
Chesterfield	0.91%	0.91%	0.92%	0.92%	0.92%
Colonial Heights	0.91%	0.91%	0.91%	0.92%	0.94%
Midlothian	0.91%	0.91%	0.92%	0.92%	0.92%
Moseley	0.91%	0.91%	0.92%	0.99%	1.02%
North Chesterfield	0.91%	0.92%	0.92%	0.92%	0.92%
South Chesterfield	0.91%	0.92%	0.92%	0.92%	0.93%
Petersburg	N/A	N/A	N/A	N/A	N/A
Powhatan	N/A	N/A	N/A	N/A	N/A
Richmond	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Chesterfield County, Virginia

When examining property taxes in Chesterfield 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 Chesterfield County Assessor's Office 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 Chesterfield 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 Chesterfield County.

For example, the median tax bill in Chesterfield County is $2,022, with tax bills ranging significantly across the county. Moseley has the highest median home price at $467,800.

Property Tax Assessment Values Across Chesterfield County, Virginia

Source: Ownwell

$15,200

$266,600

$518,000

Median Chesterfield County Market Value

$304,500

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chesterfield County, Virginia

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Chester	$86,000	$225,500	$295,200	$365,000	$448,600
Chesterfield	$122,600	$242,300	$331,100	$435,100	$540,050
Colonial Heights	$2,300	$4,500	$15,200	$63,350	$193,240
Midlothian	$216,900	$284,750	$364,300	$484,300	$649,460
Moseley	$100,000	$332,300	$467,800	$565,825	$669,700
North Chesterfield	$150,420	$211,800	$263,200	$322,800	$383,100
South Chesterfield	$42,480	$162,500	$216,100	$292,100	$378,400
Petersburg	N/A	N/A	N/A	N/A	N/A
Powhatan	N/A	N/A	N/A	N/A	N/A
Richmond	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Chesterfield County, Virginia

In Chesterfield County, VA, property tax bills are influenced by the assessed value of a home and the local tax rate. The median home price here stands at $304,500. Homeowners can expect a tax bill that varies significantly based on their property's assessed value and location within the county. For instance, the 25th percentile tax bill is $2,022, while the 75th percentile reaches $3,612. At the 90th percentile, it climbs to $4,833. This variance highlights the impact of home value assessments and local tax rates on individual bills. Chesterfield County's tax bills can be contrasted with the national median property tax bill of $2,400, showing both higher and lower extremes within the county. Moseley, for example, has the highest median tax bill at $4,408, while Colonial Heights has the lowest at $154. These figures underscore the importance of understanding local property tax structures, as they significantly influence a homeowner's financial responsibilities.

Property Tax Bills Across Chesterfield County, Virginia

Source: Ownwell

$154

$2,447

$4,739

Median Chesterfield County Tax Bill

$2,742

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Chesterfield County, Virginia

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Chester	$89	$1,876	$2,601	$3,235	$3,966
Chesterfield	$735	$2,141	$2,962	$3,917	$4,859
Colonial Heights	$22	$41	$154	$581	$1,802
Midlothian	$1,912	$2,598	$3,337	$4,444	$5,941
Moseley	$910	$3,112	$4,408	$5,304	$6,224
North Chesterfield	$825	$1,874	$2,385	$2,939	$3,487
South Chesterfield	$74	$1,244	$1,924	$2,589	$3,354
Petersburg	N/A	N/A	N/A	N/A	N/A
Powhatan	N/A	N/A	N/A	N/A	N/A
Richmond	N/A	N/A	N/A	N/A	N/A

Source: Ownwell