Goochland, Goochland County, Virginia Property Taxes

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

Median Goochland, VA effective property tax rate: 0.53%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Goochland, VA home value: $301,700
Median annual Goochland, VA tax bill: $1,512, $888 lower than the national median property tax bill of $2,400.

How are property taxes in Goochland calculated?

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

Last Updated March 1, 2025

Goochland, Goochland County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.53%

Estimate Property Tax Bill

$1,599

$1,484

Ownwell’s Goochland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Goochland with just two data points.

By entering your property's estimated assessed value, our calculator applies Goochland’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 Goochland.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Goochland, Goochland County, Virginia

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Annually, each county estimates its required budget for services, dividing this by the total value of all taxable property within its jurisdiction to determine the property tax rate. Although votes and laws play a role in the process, this is essentially how it works each year. In Goochland, Virginia, the effective property tax rate is 0.53%, which is below the national median of 1.02%. This lower rate can be appealing to property owners looking to save on taxes. When compared to other cities in Virginia, Goochland's rate is competitive and might be one of the reasons residents find it attractive. The national median property tax bill stands at $2,400, and with Goochland's effective rate, property owners may enjoy lower tax bills. This makes Goochland an appealing option for those seeking a balance between quality services and manageable property tax expenses.

Property Tax Rates Across Goochland, Goochland County, Virginia

Source: Ownwell

0.53%

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 Goochland Tax Rate

0.53%

Median Effective Goochland County Tax Rate

0.53%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Goochland, Goochland County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23063	0.43%	0.53%	0.53%	0.53%	0.53%

Source: Ownwell

Property Tax Assessment Values Across Goochland, Goochland County, Virginia

When examining property taxes in Goochland, 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 Goochland 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 Goochland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Goochland. For example, the median home price in Goochland is $301,700, with tax bills ranging significantly across the county. Zip code 23063 has the highest median home price at $301,700.

Property Tax Assessment Values Across Goochland, Goochland County, Virginia

Source: Ownwell

$242,900

$541,400

$839,900

Median Goochland Market Value

$301,700

Median Goochland County Market Value

$453,700

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Goochland, Goochland County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23063	$127,760	$198,850	$301,700	$439,700	$615,060

Source: Ownwell

Property Tax Bills Across Goochland, Goochland County, Virginia

In Goochland, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Goochland, the median tax bill is $1,512, which is below the national median of $2,400. This suggests a relatively moderate tax burden for homeowners in the area. Factors such as property improvements and changes in market conditions can influence the assessed value, potentially increasing the tax bill. Homeowners in Goochland may find themselves paying between $1,000 at the 25th percentile and $3,009 at the 90th percentile, depending on their home's assessed value and location. Ownwell offers property tax appeal services to help homeowners in Goochland potentially reduce their tax bills. By analyzing local market trends and assessment data, Ownwell identifies opportunities for tax savings and assists homeowners in filing appeals, ensuring they only pay their fair share.

Property Tax Bills Across Goochland, Goochland County, Virginia

Source: Ownwell

$1,253

$2,717

$4,181

Median Goochland Tax Bill

$1,512

Median Goochland County Tax Bill

$2,269

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Goochland, Goochland County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23063	$603	$1,000	$1,512	$2,217	$3,009

Source: Ownwell