Property Taxes in Colonial Heights, Virginia
Median Colonial Heights, Virginia effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Colonial Heights, Virginia home value: $15,800
Median annual Colonial Heights, Virginia tax bill: $148, lower than the national median property tax bill of $2,400.
How are property taxes in Chesterfield calculated?
Property taxes in Colonial Heights, 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 Colonial Heights's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Colonial Heights, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Colonial Heights Property Tax Calculator Work?
Use this Colonial Heights property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Colonial Heights' median effective tax rate of 0.90% — based on actual property records in Chesterfield County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Colonial Heights' 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 Colonial Heights: rates range from 0.90% in 23834 to 0.90% in 23834, 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 Colonial Heights.
About Colonial Heights Property Taxes
About Property Taxes in Colonial Heights, Chesterfield, Virginia
Colonial Heights’s median effective property tax rate of 0.90% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Chesterfield 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 Colonial Heights. Homeowners in the 23834 ZIP code carry a median effective rate of 0.90%, while those in 23834 pay 0.90%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Chesterfield County. Understanding which part of Colonial Heights you live in can make a meaningful difference to your annual tax bill.
Colonial Heights homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the March 15, 2026 deadline each year.
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 Colonial Heights, Chesterfield 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 Colonial Heights's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
Property Tax Rates Across Colonial Heights, Chesterfield County, Virginia
Source: Ownwell
0.90%
0.90%
0.91%
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 Colonial Heights Tax Rate
0.90%
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 Chesterfield County Tax Rate
0.91%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Colonial Heights, Chesterfield County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23834 | 0.90% | 0.90% | 0.90% | 0.91% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Colonial Heights, Chesterfield County, Virginia
When examining property taxes in Colonial Heights, 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 Chesterfield County assessment process 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 Chesterfield County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.
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. For Colonial Heights, the median home price is $15,800, with tax bills ranging significantly across the county. Zip code 23834 has the highest median home price at $15,800.
Property Tax Assessment Values Across Colonial Heights, Chesterfield County, Virginia
Source: Ownwell
$15,800
$293,250
$570,700
Median Colonial Heights Market Value
$15,800
Median Chesterfield County Market Value
$330,600
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Colonial Heights, Chesterfield County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23834 | $2,300 | $4,500 | $15,800 | $68,100 | $257,380 |
Source: Ownwell
Property Tax Bills Across Colonial Heights, Chesterfield County, Virginia
Colonial Heights property tax bills are calculated by multiplying the assessed value of a home by the local tax rate set by the city and county. The assessed value is based on the market value of the property, along with factors such as location, size, condition, and any improvements that may affect what the home is worth. These assessments determine how much a homeowner owes each year.
For homeowners in Colonial Heights, the bill can vary widely depending on the property’s value and the local tax rate. The median home price is $15,800, and the median tax bill is $148.00 in zip code 23834. Bills can be much lower or higher than that, with the 25th percentile at $40 and the 90th percentile at $2,150. Compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400, local tax bills are often more modest, but they still have a direct impact on monthly housing costs and long-term affordability.
Property Tax Bills Across Colonial Heights, Chesterfield County, Virginia
Source: Ownwell
$148
$2,665
$5,181
Median Colonial Heights Tax Bill
$148
Median Chesterfield County Tax Bill
$2,942
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Colonial Heights, Chesterfield County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23834 | $22 | $40 | $148 | $602 | $2,150 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 15 |
Links | |
|---|---|
| Chesterfield Tax Assessor | |
| Website | www.chesterfield.gov |