Powhatan, Chesterfield County, Virginia Property Taxes

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

Median Powhatan, VA effective property tax rate: 0.91%, slightly lower than the national median of 1.02%, but higher than the Virginia state median of 0.89%.
Median Powhatan, VA home value: $2400
Median annual Powhatan, VA tax bill: $22, $2378 lower than the national median property tax bill of $2,400.

How are property taxes in Chesterfield calculated?

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

Last Updated March 1, 2025

Powhatan, Chesterfield County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$22

$20

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

Property Tax Rates Across Powhatan, Chesterfield County, Virginia

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing 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.

In Powhatan, located in Powhatan County, Virginia, the effective property tax rate can be compared to other cities in Virginia and the median property tax rates in Virginia and the U.S. Powhatan's property tax rate is notably lower than the national median property tax rate of 1.02%. When compared to the national median property tax bill of $2,400, Powhatan offers a more favorable property tax environment. This makes it an attractive option for property owners seeking lower tax burdens. Understanding how these rates are determined and how they compare to national figures can provide valuable insights for property owners and potential buyers in Powhatan and the surrounding areas.

Property Tax Rates Across Powhatan, 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 Powhatan Tax Rate

0.91%

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 Powhatan, Chesterfield County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23139	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Powhatan, Chesterfield County, Virginia

When examining property taxes in Powhatan, 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.

Assessment notices: In Chesterfield County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Powhatan. For example, the median home price in Powhatan is $2,400, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Powhatan, Chesterfield County, Virginia

Source: Ownwell

$15,200

$266,600

$518,000

Median Powhatan Market Value

$2,400

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 Powhatan, Chesterfield County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23139	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Powhatan, Chesterfield County, Virginia

In Powhatan, located in Chesterfield County, Virginia, property tax bills are determined by the assessed value of a property, which is then multiplied by the local tax rate. The assessed value is an estimate of your property's market value, determined by the county assessor. Factors such as the property's location, size, and condition influence this valuation. The tax rate in Powhatan is set by local authorities and can vary annually. Homeowners in Powhatan face a median property tax rate that is below the national average of 1.02%, making it relatively affordable compared to other regions. However, even with a lower rate, the property tax bill can still be a significant financial burden for some homeowners. Ownwell assists homeowners by providing expert property tax appeal services. Our team reviews your property's assessment to ensure its accuracy and identifies opportunities for exemptions or reductions. By leveraging our expertise, homeowners can potentially reduce their tax bills, alleviating financial pressure and ensuring they only pay their fair share.

Property Tax Bills Across Powhatan, Chesterfield County, Virginia

Source: Ownwell

$154

$2,447

$4,739

Median Powhatan Tax Bill

$22

Median Chesterfield County Tax Bill

$2,742

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Powhatan, Chesterfield County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23139	N/A	N/A	N/A	N/A	N/A

Source: Ownwell