Hanover County, Virginia Property Taxes

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

Median Hanover County effective property tax rate: 0.81%, significantly lower than the national median of 1.02%.
Median Hanover County home value: $334,500
Median annual Hanover County tax bill: $2,727, $327 higher than the national median property tax bill of $2,400.

How are property taxes in Hanover County calculated?

Property taxes in Hanover County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Ashland or another part of Hanover County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hanover County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.81%

Estimate Property Tax Bill

$2,709

$2,514

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

Property Tax Rates Across Hanover County, Virginia

Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budgets to provide essential services and then divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

You can compare Hanover County's effective property tax rate to other counties in Virginia or the U.S. median property tax rate. Hanover County's median property tax rate of 0.81% is notably lower than the national median property tax rate of 1.02%. This lower rate means that residents in Hanover County generally pay less in property taxes compared to the national average. When considering property tax bills, Hanover County residents benefit from a more favorable tax environment. With the national median property tax bill at $2,400, Hanover County's rate offers potential savings, making it an attractive option for property owners seeking lower tax burdens.

Property Tax Rates Across Hanover County, Virginia

Source: Ownwell

0.81%

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 Hanover County Tax Rate

0.81%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hanover County, Virginia

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Ashland	0.81%	0.81%	0.81%	0.81%	0.81%
Beaverdam	0.81%	0.81%	0.81%	0.81%	0.81%
Bumpass	0.81%	0.81%	0.81%	0.81%	0.81%
Doswell	0.81%	0.81%	0.81%	0.81%	0.81%
Glen Allen	0.81%	0.81%	0.81%	0.81%	0.81%
Hanover	0.81%	0.81%	0.81%	0.81%	0.81%
Maidens	0.81%	0.81%	0.81%	0.81%	0.81%
Mechanicsville	0.81%	0.81%	0.81%	0.81%	0.82%
Montpelier	0.81%	0.81%	0.81%	0.81%	0.81%
Rockville	0.81%	0.81%	0.81%	0.81%	0.81%
Ruther Glen	0.81%	0.81%	0.81%	0.81%	0.81%
Manakin Sabot	N/A	N/A	N/A	N/A	N/A
New Kent	N/A	N/A	N/A	N/A	N/A
Oilville	N/A	N/A	N/A	N/A	N/A
Studley	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Hanover County, Virginia

When examining property taxes in Hanover County, 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 Hanover 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 Hanover 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 Hanover County. For example, the median tax bill in Hanover County is $2,400, with tax bills ranging significantly across the county. Maidens has the highest median home price at $397,800.

Property Tax Assessment Values Across Hanover County, Virginia

Source: Ownwell

$281,600

$339,700

$397,800

Median Hanover County Market Value

$334,500

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hanover County, Virginia

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Ashland	$86,870	$205,750	$304,550	$464,300	$618,900
Beaverdam	$70,540	$132,400	$293,500	$443,150	$570,360
Bumpass	$135,730	$247,950	$360,750	$547,800	$676,640
Doswell	$68,700	$165,550	$309,550	$468,350	$651,100
Glen Allen	$88,720	$212,600	$380,900	$502,000	$756,200
Hanover	$65,140	$218,700	$333,500	$495,200	$665,740
Maidens	$144,700	$160,200	$397,800	$639,300	$831,100
Mechanicsville	$212,200	$268,775	$336,600	$422,225	$527,040
Montpelier	$106,700	$186,500	$333,000	$493,200	$667,220
Rockville	$95,000	$237,350	$397,800	$559,050	$808,580
Ruther Glen	$69,460	$168,800	$281,600	$406,700	$536,420
Manakin Sabot	N/A	N/A	N/A	N/A	N/A
New Kent	N/A	N/A	N/A	N/A	N/A
Oilville	N/A	N/A	N/A	N/A	N/A
Studley	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Hanover County, Virginia

In Hanover County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the home's market value, and this figure is then multiplied by the county's property tax rate to determine the tax bill. Homeowners in Hanover County can expect a median tax bill that reflects the assessed value of their property and the local tax rate. For instance, the 25th percentile tax bill is $2,070, while the 75th percentile reaches $3,582, and the 90th percentile is $4,669. These figures indicate the range of tax obligations homeowners might face, depending on their property's assessed value. Compared to the national median property tax bill of $2,400, Hanover County's tax bills can vary significantly. Homeowners in cities like Rockville and Ruther Glen may experience different tax burdens, with Rockville having the highest median tax bill at $3,235 and Ruther Glen the lowest at $2,281.

Property Tax Bills Across Hanover County, Virginia

Source: Ownwell

$2,281

$2,758

$3,235

Median Hanover County Tax Bill

$2,727

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Hanover County, Virginia

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Ashland	$775	$1,712	$2,489	$3,789	$5,022
Beaverdam	$576	$1,078	$2,384	$3,597	$4,621
Bumpass	$1,099	$2,008	$2,922	$4,437	$5,481
Doswell	$554	$1,346	$2,512	$3,794	$5,279
Glen Allen	$770	$1,877	$3,118	$4,111	$6,185
Hanover	$585	$1,778	$2,702	$4,013	$5,393
Maidens	$1,172	$1,298	$3,222	$5,178	$6,732
Mechanicsville	$1,784	$2,193	$2,746	$3,444	$4,290
Montpelier	$874	$1,516	$2,700	$3,999	$5,405
Rockville	$808	$1,975	$3,235	$4,535	$6,572
Ruther Glen	$563	$1,367	$2,281	$3,294	$4,345
Manakin Sabot	N/A	N/A	N/A	N/A	N/A
New Kent	N/A	N/A	N/A	N/A	N/A
Oilville	N/A	N/A	N/A	N/A	N/A
Studley	N/A	N/A	N/A	N/A	N/A

Source: Ownwell