Chesapeake, Chesapeake County, Virginia Property Taxes

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

Median Chesapeake, VA effective property tax rate: 0.92%, slightly lower than the national median of 1.02%, but higher than the Virginia state median of 0.89%.
Median Chesapeake, VA home value: $339,200
Median annual Chesapeake, VA tax bill: $3,086, $686 higher than the national median property tax bill of $2,400.

How are property taxes in Chesapeake calculated?

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

Last Updated March 1, 2025

Chesapeake, Chesapeake County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.92%

Estimate Property Tax Bill

$3,121

$2,896

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

Property Tax Rates Across Chesapeake, Chesapeake 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 essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Chesapeake, the effective property tax rate is slightly below the national median of 1.02%, reflecting Virginia's generally favorable tax environment. The median property tax rate in Chesapeake is 0.92%, which is competitive compared to other areas in the state. However, within Chesapeake itself, tax rates can vary. For instance, the highest median tax rate in the area is 0.93% in the 23325 zip code, while the lowest is 0.91% in the 23324 zip code. These variations emphasize the importance of understanding local tax assessments and potential savings through appeals or exemptions. By comparing Chesapeake’s rates to the national and state medians, property owners can better appreciate their tax obligations and explore opportunities for reducing their property tax bills.

Property Tax Rates Across Chesapeake, Chesapeake County, Virginia

Source: Ownwell

0.91%

0.93%

0.96%

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 Chesapeake Tax Rate

0.92%

Median Effective Chesapeake County Tax Rate

0.92%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chesapeake, Chesapeake County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23320	0.85%	0.89%	0.91%	0.94%	0.96%
23321	0.85%	0.90%	0.92%	0.95%	0.99%
23322	0.87%	0.90%	0.92%	0.94%	0.97%
23323	0.87%	0.90%	0.93%	0.95%	0.96%
23324	0.84%	0.88%	0.91%	0.93%	0.96%
23325	0.86%	0.88%	0.93%	0.94%	0.95%

Source: Ownwell

Property Tax Assessment Values Across Chesapeake, Chesapeake County, Virginia

When examining property taxes in Chesapeake, 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 Chesapeake 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 Chesapeake 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 Chesapeake. For example, the median home price in Chesapeake is $339,200, with tax bills ranging significantly across the county. 23322 has the highest median home price at $437,500.

Property Tax Assessment Values Across Chesapeake, Chesapeake County, Virginia

Source: Ownwell

$211,600

$324,550

$437,500

Median Chesapeake Market Value

$339,200

Median Chesapeake County Market Value

$339,200

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chesapeake, Chesapeake County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23320	$192,700	$231,400	$313,150	$414,300	$544,100
23321	$190,080	$253,900	$322,900	$422,100	$513,160
23322	$279,860	$363,700	$437,500	$543,300	$647,000
23323	$223,700	$267,100	$351,000	$453,100	$541,320
23324	$148,290	$176,000	$211,600	$255,200	$304,020
23325	$181,770	$206,075	$247,700	$307,925	$362,830

Source: Ownwell

Property Tax Bills Across Chesapeake, Chesapeake County, Virginia

In Chesapeake, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the tax bill. With Chesapeake's median home price at $339,200, many homeowners find their tax bills vary significantly. For instance, tax bills in the 25th percentile are around $2,189, while those in the 75th percentile reach $4,141. Interestingly, the highest median tax bill in Chesapeake is $4,025 in the 23322 zip code, while the lowest is $1,894 in the 23324 zip code. Compared to the national median property tax bill of $2,400, Chesapeake's tax bills can be both above and below the national average, affecting homeowners differently. Ownwell can help homeowners by providing expert property tax appeal and exemption services. Our team works to ensure that your home's assessed value is fair, potentially reducing your tax bill and saving you money.

Property Tax Bills Across Chesapeake, Chesapeake County, Virginia

Source: Ownwell

$1,894

$2,960

$4,025

Median Chesapeake Tax Bill

$3,086

Median Chesapeake County Tax Bill

$3,086

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Chesapeake, Chesapeake County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23320	$1,694	$2,042	$2,862	$3,810	$4,920
23321	$1,623	$2,269	$2,978	$3,927	$4,743
23322	$2,372	$3,304	$4,025	$4,935	$5,887
23323	$1,931	$2,407	$3,201	$4,185	$5,016
23324	$1,216	$1,525	$1,894	$2,305	$2,801
23325	$1,536	$1,807	$2,260	$2,868	$3,387

Source: Ownwell