Property Taxes in Virginia Beach, Virginia
Median Virginia Beach, Virginia effective property tax rate: 0.98%, significantly lower than the national median of 1.02%, and higher than the Virginia state median of 0.90%.
Median Virginia Beach, Virginia home value: $411,100
Median annual Virginia Beach, Virginia tax bill: $4,037, $1,637 higher than the national median property tax bill of $2,400.
How are property taxes in Chesapeake calculated?
Property taxes in Virginia Beach, Virginia 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 Virginia Beach's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Virginia Beach, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Virginia Beach Property Tax Calculator Work?
Use this Virginia Beach property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Virginia Beach's median effective tax rate of 0.98% — based on actual property records in Chesapeake County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Virginia Beach's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Virginia Beach: rates range from 4037 in 23464 to 4037 in 23464, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Virginia Beach.
About Virginia Beach Property Taxes
About Property Taxes in Virginia Beach, Chesapeake, Virginia
Virginia Beach’s median effective property tax rate of 0.98% is higher than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Chesapeake County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Virginia Beach. Homeowners in the 23464 ZIP code carry a median effective rate of 0.98%, while those in the 23464 pay 0.98%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Chesapeake County. Understanding which part of Virginia Beach you live in can make a meaningful difference to your annual tax bill.
Virginia Beach homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before June 1, 2026.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Virginia Beach, Chesapeake County, Virginia
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide 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.
Below, you can compare Virginia Beach's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
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 Virginia Beach Tax Rate
0.98%
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 County Tax Rate
0.95%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Virginia Beach, Chesapeake County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23464 | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Virginia Beach, Chesapeake County, Virginia
When examining property taxes in Virginia Beach, 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 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 the month when notices are sent.
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 Virginia Beach.
For example, the median home price in Virginia Beach is $411,100, with tax bills ranging significantly across the county. 23464 has the highest median home price at $411,100.
Property Tax Assessment Values Across Virginia Beach, Chesapeake County, Virginia
Source: Ownwell
$232,200
$346,500
$460,800
Median Virginia Beach Market Value
$411,100
Median Chesapeake County Market Value
$357,100
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Virginia Beach, Chesapeake County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23464 | $381,420 | $400,700 | $411,100 | $423,050 | $430,640 |
Source: Ownwell
Property Tax Bills Across Virginia Beach, Chesapeake County, Virginia
Virginia Beach property tax bills are calculated by applying the local tax rate to a home’s assessed value, which is based on its market value. The assessed value is the starting point for the bill, so changes in a home’s market value can affect what a homeowner owes each year. In Virginia Beach, the median home price is $411,100, and the median property tax bill is $4,037, which is well above the national median property tax bill of $2,400.
Several factors influence the final tax bill, including the home’s assessed value, the local tax rate, and any exemptions or appeals that may apply. For many homeowners, this means property taxes can rise when market values increase, even if the home itself has not changed. The 25th percentile tax bill is $3,927, while the 75th percentile is $4,155, showing that many homeowners pay a similar amount. Higher property tax bills can have a noticeable impact on monthly housing costs and overall affordability.
Property Tax Bills Across Virginia Beach, Chesapeake County, Virginia
Source: Ownwell
$2,124
$3,262
$4,400
Median Virginia Beach Tax Bill
$4,037
Median Chesapeake County Tax Bill
$3,393
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Virginia Beach, Chesapeake County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23464 | $3,732 | $3,927 | $4,037 | $4,155 | $4,233 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Chesapeake Tax Assessor | |
| Website | chesapeake.civ.quest |