Ashland, Hanover County, Virginia Property Taxes

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

Median Ashland, VA effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Ashland, VA home value: $304,550
Median annual Ashland, VA tax bill: $2,489, $89 higher than the national median property tax bill of $2,400.

How are property taxes in Hanover calculated?

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

Last Updated March 1, 2025

Ashland, 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

$2,467

$2,289

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

Property Tax Rates Across Ashland, Hanover County, Virginia

Local government entities set tax rates, which can vary widely within a state. Each county in Virginia estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This annual process involves votes and laws in setting tax rates and budgets.

In Ashland, located in Hanover County, the effective property tax rate is notably different when compared to other cities in Virginia. The median property tax rate in Virginia is lower than the national median of 1.02%. This means that property owners in Ashland could potentially pay less in property taxes compared to many other areas across the United States.

Understanding how these rates compare can be crucial for property owners looking to manage their expenses effectively. By knowing where Ashland stands in relation to state and national medians, property owners can make informed decisions about their investments and financial planning.

Property Tax Rates Across Ashland, 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 Ashland Tax Rate

0.81%

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 Ashland, Hanover County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23005	0.81%	0.81%	0.81%	0.81%	0.81%
23059	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Ashland, Hanover County, Virginia

When examining property taxes in Ashland, Virginia, 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.

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 Ashland.

For example, the median home price in Ashland is $304,550, with tax bills ranging significantly across the county. Zip code 23005 has the highest median home price at $304,600.

Property Tax Assessment Values Across Ashland, Hanover County, Virginia

Source: Ownwell

$281,600

$339,700

$397,800

Median Ashland Market Value

$304,550

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 Ashland, Hanover County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23005	$86,860	$205,900	$304,600	$464,300	$618,900
23059	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Ashland, Hanover County, Virginia

In Ashland, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the Hanover County tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. With a median home price of $304,550, homeowners in Ashland face a tax bill that can vary significantly. For instance, the 25th percentile tax bill is $1,712, while the 75th percentile reaches $3,789, and the 90th percentile can be as high as $5,022. The median property tax bill in Ashland is $2,489, slightly above the national median of $2,400. This variation is influenced by factors such as neighborhood characteristics, property improvements, and market trends. Homeowners may find these tax bills burdensome, especially when they exceed national averages. Ownwell can assist homeowners in Ashland by reviewing their property assessments for inaccuracies and filing appeals to ensure they are not overpaying, potentially leading to significant savings on their property tax bills.

Property Tax Bills Across Ashland, Hanover County, Virginia

Source: Ownwell

$2,281

$2,758

$3,235

Median Ashland Tax Bill

$2,489

Median Hanover County Tax Bill

$2,727

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Ashland, Hanover County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23005	$775	$1,712	$2,489	$3,790	$5,022
23059	N/A	N/A	N/A	N/A	N/A

Source: Ownwell