South Chesterfield, Colonial Heights County, Virginia Property Taxes
Median South Chesterfield, VA effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median South Chesterfield, VA home value: $222,900
Median annual South Chesterfield, VA tax bill: $2,675, $275 higher than the national median property tax bill of $2,400.
How are property taxes in Colonial Heights 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, Colonial Heights County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.2%
Estimate Property Tax Bill
$3,199
$2,969
Property Tax Rates Across South Chesterfield, Colonial Heights 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. South Chesterfield, located in Colonial Heights, has a property tax rate of 1.20%, which aligns with the highest and lowest median tax rates in the area. This rate is slightly above the national median property tax rate of 1.02%. However, it’s important to note that property tax rates are just one factor to consider when evaluating the overall cost of living in a specific area. Understanding these rates can help property owners make informed decisions about their real estate investments and financial planning.
Property Tax Rates Across South Chesterfield, Colonial Heights County, Virginia
Source: Ownwell
1.20%
1.20%
1.20%
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
1.20%
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 County Tax Rate
1.20%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across South Chesterfield, Colonial Heights County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23834 | 1.20% | 1.20% | 1.20% | 1.20% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across South Chesterfield, Colonial Heights 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 Colonial Heights 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 Colonial Heights County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 $222,900, with tax bills ranging significantly across the county. Zip code 23834 has the highest median home price at $222,900.
Property Tax Assessment Values Across South Chesterfield, Colonial Heights County, Virginia
Source: Ownwell
$211,700
$239,150
$266,600
Median South Chesterfield Market Value
$266,600
Median Colonial Heights County Market Value
$211,800
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across South Chesterfield, Colonial Heights County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23834 | $191,680 | $224,400 | $266,600 | $371,300 | $471,540 |
Source: Ownwell
Property Tax Bills Across South Chesterfield, Colonial Heights County, Virginia
Property Tax Bills Across South Chesterfield, Colonial Heights County, Virginia
Source: Ownwell
$2,482
$2,841
$3,199
Median South Chesterfield Tax Bill
$3,199
Median Colonial Heights County Tax Bill
$2,484
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across South Chesterfield, Colonial Heights County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23834 | $2,300 | $2,693 | $3,199 | $4,456 | $6,505 |
Source: Ownwell