Goochland County Property Taxes
The median property tax rate in Goochland County is 0.53%, which is significantly lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in Goochland County at $453,700, the typical annual property tax bill amounts to $2,269, which is below the national median of $2,690. Property taxes in Goochland County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Goochland County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Goochland or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Goochland County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$2,405
$2,231
Ownwell’s Goochland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Goochland with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Goochland to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Goochland County, Virginia
Property taxes in Goochland play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Goochland is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within Goochland set these rates annually, and they can vary significantly between different areas within the county. Each year, Goochland estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Goochland's effective property tax rate with other counties and the national median. For comparison, the city of Columbia has one of the higher property tax rates in the state at 0.53%. Analyzing how Goochland's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Goochland County Tax Rate
0.53%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goochland County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Columbia | 0.43% | 0.53% | 0.53% | 0.53% | 0.53% |
| Crozier | 0.40% | 0.44% | 0.53% | 0.53% | 0.53% |
| Glen Allen | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
| Goochland | 0.43% | 0.53% | 0.53% | 0.53% | 0.53% |
| Gum Spring | 0.45% | 0.53% | 0.53% | 0.53% | 0.53% |
| Hadensville | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
| Henrico | 0.10% | 0.52% | 0.53% | 0.53% | 0.53% |
| Kents Store | 0.39% | 0.53% | 0.53% | 0.53% | 0.53% |
| Louisa | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
| Maidens | 0.45% | 0.53% | 0.53% | 0.53% | 0.53% |
| Manakin Sabot | 0.49% | 0.53% | 0.53% | 0.53% | 0.53% |
| Memphis | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
| Mineral | 0.45% | 0.53% | 0.53% | 0.53% | 0.53% |
| Oilville | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
| Richmond | 0.44% | 0.53% | 0.53% | 0.53% | 0.53% |
| Rockville | 0.40% | 0.53% | 0.53% | 0.53% | 0.53% |
| Sandy Hook | 0.52% | 0.53% | 0.53% | 0.53% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Goochland County, Virginia
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Goochland County, Virginia. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Goochland Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Goochland County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in the county is $4,109 in Memphis, while the lowest is $674 in Hadensville. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Goochland County, Virginia
Source: Ownwell
$127,200
$483,550
$839,900
Average Goochland County Assessed Value
$453,700
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goochland County, Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Columbia | $97,600 | $171,200 | $242,900 | $345,250 | $501,100 |
| Crozier | $206,840 | $288,675 | $430,350 | $653,050 | $1,057,240 |
| Glen Allen | $508,620 | $541,000 | $581,900 | $632,050 | $690,380 |
| Goochland | $127,760 | $198,850 | $301,700 | $439,700 | $615,060 |
| Gum Spring | $183,300 | $241,200 | $308,400 | $410,800 | $521,900 |
| Hadensville | $127,200 | $127,200 | $127,200 | $127,200 | $127,200 |
| Henrico | $440,800 | $465,800 | $518,500 | $659,650 | $802,200 |
| Kents Store | $153,870 | $227,950 | $312,100 | $421,900 | $540,210 |
| Louisa | $115,800 | $217,225 | $326,950 | $444,525 | $563,630 |
| Maidens | $241,220 | $321,200 | $429,000 | $630,500 | $873,000 |
| Manakin Sabot | $311,150 | $475,750 | $642,450 | $942,450 | $1,447,920 |
| Memphis | $775,300 | $775,300 | $775,300 | $775,300 | $775,300 |
| Mineral | $77,110 | $180,200 | $254,600 | $351,475 | $524,720 |
| Oilville | $190,320 | $316,900 | $584,400 | $669,875 | $798,520 |
| Richmond | $365,450 | $532,950 | $806,750 | $1,051,425 | $1,710,300 |
| Rockville | $263,900 | $332,500 | $421,400 | $543,500 | $720,960 |
| Sandy Hook | $179,250 | $270,700 | $423,850 | $524,575 | $645,350 |
Source: Ownwell
Property Tax Bills Across Goochland County, Virginia
In Goochland County, VA, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. Once the assessment is completed, the local tax rate is applied to this value to calculate the annual tax bill. Several factors influence the assessed value, including property size, location, and market conditions. For instance, the median home price in Goochland County is $453,700. Homeowners in this county experience a range of tax bills, with the 25th percentile at $1,414 and the 75th percentile at $3,431. The top 10% of homeowners face tax bills as high as $5,137. These property taxes significantly impact homeowners by influencing their overall housing costs. Compared to the national median property tax rate of 0.99%, Goochland County's tax bills vary widely, reflecting the diverse property values and local economic factors within the region.
Average Goochland County Tax Bill
$2,269
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across Goochland County, Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Columbia | $451 | $812 | $1,253 | $1,776 | $2,368 |
| Crozier | $917 | $1,383 | $2,168 | $3,254 | $4,677 |
| Glen Allen | $2,685 | $2,865 | $3,084 | $3,324 | $3,660 |
| Goochland | $603 | $1,000 | $1,512 | $2,217 | $3,009 |
| Gum Spring | $953 | $1,232 | $1,597 | $2,124 | $2,657 |
| Hadensville | $674 | $674 | $674 | $674 | $674 |
| Henrico | $606 | $890 | $2,529 | $2,840 | $3,585 |
| Kents Store | $508 | $1,092 | $1,580 | $2,032 | $2,730 |
| Louisa | $519 | $1,140 | $1,681 | $2,324 | $2,954 |
| Maidens | $1,183 | $1,633 | $2,182 | $3,281 | $4,474 |
| Manakin Sabot | $1,534 | $2,345 | $3,316 | $4,784 | $7,187 |
| Memphis | $4,109 | $4,109 | $4,109 | $4,109 | $4,109 |
| Mineral | $402 | $888 | $1,330 | $1,860 | $2,751 |
| Oilville | $893 | $1,599 | $3,006 | $3,544 | $4,232 |
| Richmond | $1,691 | $2,683 | $4,058 | $5,354 | $8,848 |
| Rockville | $1,287 | $1,628 | $2,079 | $2,632 | $3,314 |
| Sandy Hook | $846 | $1,342 | $2,156 | $2,712 | $3,331 |
Source: Ownwell