North Chesterfield, Chesterfield County, Virginia Property Taxes
Median North Chesterfield, 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 North Chesterfield, VA home value: $263,200
Median annual North Chesterfield, VA tax bill: $2,385, $15 lower than the national median property tax bill of $2,400.
How are property taxes in Chesterfield calculated?
Property taxes in North Chesterfield, 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 North Chesterfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in North Chesterfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
North Chesterfield, Chesterfield County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$2,421
$2,247
Property Tax Rates Across North Chesterfield, Chesterfield County, Virginia
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 North Chesterfield’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. North Chesterfield, located in Chesterfield County, has a median property tax rate slightly below the national median. This provides a financial advantage for property owners when compared to the national landscape. The highest median tax rate in the area is found in the 23225 ZIP code, while the lowest is in the 23224 ZIP code, demonstrating the variation even within close proximities. Understanding these differences can be crucial for homeowners and investors looking to make informed decisions about property ownership and investment strategies in Virginia.
Property Tax Rates Across North Chesterfield, Chesterfield County, Virginia
Source: Ownwell
0.91%
0.92%
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 North Chesterfield Tax Rate
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 North Chesterfield, Chesterfield County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23224 | 0.91% | 0.91% | 0.91% | 0.92% | 0.92% |
| 23225 | 0.91% | 0.92% | 0.92% | 0.92% | 0.93% |
| 23234 | 0.91% | 0.92% | 0.92% | 0.92% | 0.92% |
| 23235 | 0.91% | 0.92% | 0.92% | 0.92% | 0.92% |
| 23236 | 0.91% | 0.92% | 0.92% | 0.92% | 0.92% |
| 23237 | 0.91% | 0.92% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across North Chesterfield, Chesterfield County, Virginia
When examining property taxes in North Chesterfield, 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 North Chesterfield.
For example, the median home price in North Chesterfield is $263,200, with tax bills ranging significantly across the county. Zip code 23236 has the highest median home price at $297,500.
Property Tax Assessment Values Across North Chesterfield, Chesterfield County, Virginia
Source: Ownwell
$15,200
$266,600
$518,000
Median North Chesterfield Market Value
$263,200
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 North Chesterfield, Chesterfield County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23224 | $170,820 | $192,000 | $206,000 | $235,500 | $266,600 |
| 23225 | $32,500 | $163,650 | $219,100 | $277,400 | $364,000 |
| 23234 | $131,900 | $204,300 | $246,100 | $303,000 | $356,940 |
| 23235 | $159,920 | $236,200 | $286,600 | $339,900 | $393,480 |
| 23236 | $206,100 | $249,500 | $297,500 | $351,700 | $429,020 |
| 23237 | $46,480 | $187,700 | $227,400 | $281,300 | $341,300 |
Source: Ownwell
Property Tax Bills Across North Chesterfield, Chesterfield County, Virginia
Property Tax Bills Across North Chesterfield, Chesterfield County, Virginia
Source: Ownwell
$154
$2,447
$4,739
Median North Chesterfield Tax Bill
$2,385
Median Chesterfield County Tax Bill
$2,742
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across North Chesterfield, Chesterfield County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23224 | $1,322 | $1,708 | $1,868 | $2,146 | $2,425 |
| 23225 | $296 | $1,466 | $1,984 | $2,533 | $3,329 |
| 23234 | $612 | $1,792 | $2,219 | $2,739 | $3,242 |
| 23235 | $1,282 | $2,121 | $2,612 | $3,109 | $3,599 |
| 23236 | $1,743 | $2,242 | $2,699 | $3,202 | $3,913 |
| 23237 | $73 | $1,661 | $2,055 | $2,547 | $3,071 |
Source: Ownwell