Glen Allen, Hanover County, Virginia Property Taxes

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

Median Glen Allen, 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 Glen Allen, VA home value: $380,900. Median annual Glen Allen, VA tax bill: $3,118, $718 higher than the national median property tax bill of $2,400. How are property taxes in Hanover calculated? Property taxes in Glen Allen, 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 Glen Allen’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Glen Allen, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Glen Allen, 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

$3,085

$2,863

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

By entering your property's estimated assessed value, our calculator applies Glen Allen’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 Glen Allen, Hanover County, Virginia

Local government entities determine tax rates, leading to significant variations within a state. Each county estimates its annual budget needs for services and divides this amount by the total value of all taxable property in its area, resulting in the property tax rate. This process, influenced by votes and laws, is essentially how tax rates and budgets are set each year.

In Glen Allen, located in Hanover County, Virginia, the effective property tax rate is 0.81%, which is below the national median of 1.02%. This lower rate can be appealing to property owners, as it means a reduced financial burden compared to other regions. The median property tax rate in Virginia aligns with Glen Allen's rate, showcasing consistency across the state. When considering property investments or relocations, understanding these rates is crucial. Comparing Glen Allen’s tax rate with the national median highlights its affordability, potentially making it an attractive option for property buyers and investors.

Property Tax Rates Across Glen Allen, 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 Glen Allen 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 Glen Allen, Hanover County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23059	0.81%	0.81%	0.81%	0.81%	0.81%

Source: Ownwell

Property Tax Assessment Values Across Glen Allen, Hanover County, Virginia

When examining property taxes in Glen Allen, 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 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 Glen Allen. For example, the median home price in Glen Allen is $380,900, with tax bills ranging significantly across the county. 23059 has the highest median home price at $380,900.

Property Tax Assessment Values Across Glen Allen, Hanover County, Virginia

Source: Ownwell

$281,600

$339,700

$397,800

Median Glen Allen Market Value

$380,900

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 Glen Allen, Hanover County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23059	$88,720	$212,600	$380,900	$502,000	$756,200

Source: Ownwell

Property Tax Bills Across Glen Allen, Hanover County, Virginia

In Glen Allen, located in Hanover County, VA, property tax bills are calculated based on the assessed value of a home. The local government assesses this value, which is then multiplied by the local tax rate to determine the tax bill. With a median home price of $380,900, homeowners in Glen Allen often face tax bills that can vary significantly. The 25th percentile of tax bills is $1,877, while the 75th percentile reaches $4,111, and the 90th percentile goes up to $6,185. These figures highlight the variability in tax obligations, influenced by factors such as property location, size, and improvements. The median tax bill in the area is $3,118, which is higher than the national median of $2,400. Ownwell offers valuable services to homeowners by providing expert property tax appeal and exemption services. By identifying discrepancies in assessed values or uncovering eligible exemptions, Ownwell helps homeowners reduce their tax liabilities, ensuring they pay a fair amount and potentially saving them significant amounts annually.

Property Tax Bills Across Glen Allen, Hanover County, Virginia

Source: Ownwell

$2,281

$2,758

$3,235

Median Glen Allen Tax Bill

$3,118

Median Hanover County Tax Bill

$2,727

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Glen Allen, Hanover County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23059	$770	$1,877	$3,118	$4,111	$6,185

Source: Ownwell