South Chesterfield, Chesterfield County, Virginia Property Taxes

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

Median South Chesterfield, 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 South Chesterfield, VA home value: $216,100
Median annual South Chesterfield, VA tax bill: $1,924, $476 lower than the national median property tax bill of $2,400.

How are property taxes in Chesterfield calculated?

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

Last Updated March 1, 2025

South Chesterfield, Chesterfield 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

$1,988

$1,845

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

By entering your property's estimated assessed value, our calculator applies South Chesterfield’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 Chesterfield County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across South Chesterfield, Chesterfield County, Virginia

Local government entities set tax rates, which can vary widely within a state. 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 South Chesterfield’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.

In South Chesterfield, located in Chesterfield County, the property tax rate is competitive. The median property tax rate in Virginia is lower than the national median rate of 1.02%. This makes South Chesterfield an appealing option for homeowners looking for a balance between affordable property taxes and quality local services. The highest and lowest median tax rates in Chesterfield County are at the same level, illustrating a uniformity that can simplify financial planning for property owners. When compared to the national figures, South Chesterfield offers a cost-effective choice for property investment without compromising on the quality of services provided by the local government.

Property Tax Rates Across South Chesterfield, Chesterfield County, Virginia

Source: Ownwell

0.91%

0.92%

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 South Chesterfield Tax Rate

0.92%

Median Effective Chesterfield County Tax Rate

0.92%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across South Chesterfield, Chesterfield County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23803	0.91%	0.92%	0.92%	0.92%	0.93%
23834	0.91%	0.92%	0.92%	0.92%	0.93%

Source: Ownwell

Property Tax Assessment Values Across South Chesterfield, Chesterfield County, Virginia

When examining property taxes in South Chesterfield, 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 Chesterfield 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 Chesterfield 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 South Chesterfield.

For example, the median home price in South Chesterfield is $216,100, with tax bills ranging significantly across the county. Zip code 23834 has the highest median home price at $239,300.

Property Tax Assessment Values Across South Chesterfield, Chesterfield County, Virginia

Source: Ownwell

$15,200

$266,600

$518,000

Median South Chesterfield Market Value

$216,100

Median Chesterfield County Market Value

$304,500

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across South Chesterfield, Chesterfield County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23803	$37,230	$148,000	$205,500	$264,000	$354,610
23834	$65,200	$185,000	$239,300	$322,100	$395,900

Source: Ownwell

Property Tax Bills Across South Chesterfield, Chesterfield County, Virginia

In South Chesterfield, Chesterfield County, VA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. Home assessments are based on the market value, which can fluctuate annually. Factors such as home improvements, neighborhood developments, and market trends can influence this assessed value. The median home price in this area is $216,100, with property tax bills ranging from $1,244 at the 25th percentile to $3,354 at the 90th percentile. Compared to the national median property tax bill of $2,400, South Chesterfield's tax bills can vary significantly. Homeowners in the highest median tax bill zip code, 23834, pay around $2,082, while those in the lowest, 23803, pay approximately $1,843. These variations can impact homeowners' financial planning and budgeting. Ownwell offers expert property tax appeal and exemption services, helping homeowners potentially reduce their tax bills. By leveraging local knowledge and expertise, Ownwell can identify discrepancies in assessments and guide homeowners through the appeal process, ensuring fair tax obligations.

Property Tax Bills Across South Chesterfield, Chesterfield County, Virginia

Source: Ownwell

$154

$2,447

$4,739

Median South Chesterfield Tax Bill

$1,924

Median Chesterfield County Tax Bill

$2,742

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across South Chesterfield, Chesterfield County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23803	$87	$1,149	$1,843	$2,358	$3,178
23834	$60	$1,535	$2,082	$2,861	$3,542

Source: Ownwell