Midlothian, Chesterfield County, Virginia Property Taxes

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

Median Midlothian, VA effective property tax rate: 0.92%, slightly lower than the national median of 1.02%, but higher than the Virginia state median of 0.89%.
Median Midlothian, VA home value: $364,300
Median annual Midlothian, VA tax bill: $3,337, $937 higher than the national median property tax bill of $2,400.

How are property taxes in Chesterfield calculated?

Property taxes in Midlothian, 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 Midlothian’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Midlothian, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Midlothian, 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

$3,352

$3,110

Ownwell’s Midlothian Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Midlothian with just two data points. By entering your property's estimated assessed value, our calculator applies Midlothian’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 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 Midlothian, Chesterfield County, Virginia

Local government entities set tax rates, which can vary widely within a state. 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 Midlothian’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. Midlothian, located in Chesterfield County, has a median property tax rate of 0.92%, which aligns with the highest median tax rate in the county. This rate is slightly lower than the national median property tax rate of 1.02%. Compared to other regions, Midlothian offers a competitive property tax environment, appealing to property owners seeking to minimize their tax burden. The county's efficient allocation of resources ensures that residents receive essential services without the burden of excessively high taxes. By understanding how Midlothian's property tax rate compares regionally and nationally, homeowners can make informed decisions about their property investments.

Property Tax Rates Across Midlothian, 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 Midlothian Tax Rate

0.92%

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 Midlothian, Chesterfield County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23112	0.91%	0.91%	0.92%	0.92%	0.92%
23113	0.91%	0.91%	0.91%	0.92%	0.92%
23114	0.91%	0.91%	0.92%	0.92%	0.92%

Source: Ownwell

Property Tax Assessment Values Across Midlothian, Chesterfield County, Virginia

When examining property taxes in Midlothian, 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 Chesterfield 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 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 Midlothian. For example, the median home price in Midlothian is $364,300, with tax bills ranging significantly across the county. Zip code 23113 has the highest median home price at $518,000.

Property Tax Assessment Values Across Midlothian, Chesterfield County, Virginia

Source: Ownwell

$15,200

$266,600

$518,000

Median Midlothian Market Value

$364,300

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 Midlothian, Chesterfield County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23112	$221,860	$274,900	$338,800	$417,800	$557,000
23113	$211,300	$334,200	$518,000	$663,400	$847,840
23114	$186,700	$290,600	$364,300	$434,000	$517,440

Source: Ownwell

Property Tax Bills Across Midlothian, Chesterfield County, Virginia

In Midlothian, Chesterfield County, VA, property tax bills are calculated based on the assessed value of a home, which is often aligned closely with the market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Midlothian, the median home price is $364,300, with tax bills ranging from $2,598 at the 25th percentile to $5,941 at the 90th percentile. The highest median tax bill in the area is $4,739 in the 23113 zip code, while the lowest is $3,098 in the 23112 zip code. Compared to the national median property tax rate of 1.02%, Midlothian's tax rates can significantly impact homeowners' expenses. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expertise in local tax regulations, Ownwell ensures that homeowners pay only their fair share, potentially reducing their tax burden. This service is crucial for managing the financial impact of property taxes in the region.

Property Tax Bills Across Midlothian, Chesterfield County, Virginia

Source: Ownwell

$154

$2,447

$4,739

Median Midlothian Tax Bill

$3,337

Median Chesterfield County Tax Bill

$2,742

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Midlothian, Chesterfield County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23112	$1,972	$2,508	$3,098	$3,820	$5,095
23113	$1,865	$3,060	$4,739	$6,059	$7,734
23114	$1,619	$2,649	$3,336	$4,030	$4,774

Source: Ownwell