Gloucester, Gloucester County, Virginia Property Taxes

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

Median Gloucester, VA effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Gloucester, VA home value: $282,970
Median annual Gloucester, VA tax bill: $1,649, $751 lower than the national median property tax bill of $2,400.

How are property taxes in Gloucester calculated?

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

Last Updated March 1, 2025

Gloucester, Gloucester County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.58%

Estimate Property Tax Bill

$1,641

$1,523

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

Property Tax Rates Across Gloucester, Gloucester County, Virginia

Local government entities set tax rates, which can vary widely within a state. This variation occurs 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. In Gloucester, VA, the effective property tax rate is notably below the national median of 1.02%. This means that property owners in Gloucester might enjoy a lighter property tax burden compared to many other regions across the country. When comparing Gloucester's rate to the median property tax rates in Virginia and the U.S., it becomes evident that this area offers a more favorable tax environment for property owners. Understanding these dynamics can help homeowners make informed decisions about property investments and financial planning.

Property Tax Rates Across Gloucester, Gloucester County, Virginia

Source: Ownwell

0.58%

0.59%

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 Gloucester Tax Rate

0.58%

Median Effective Gloucester County Tax Rate

0.58%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Gloucester, Gloucester County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23061	0.58%	0.58%	0.58%	0.58%	0.59%

Source: Ownwell

Property Tax Assessment Values Across Gloucester, Gloucester County, Virginia

When examining property taxes in Gloucester, 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. Gloucester 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: Assessment notices in Gloucester County 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 Gloucester. For example, the median home price in Gloucester is $282,970, with tax bills ranging significantly across the county. The zip code 23061 has the highest median home price at $282,970.

Property Tax Assessment Values Across Gloucester, Gloucester County, Virginia

Source: Ownwell

$245,780

$290,270

$334,760

Median Gloucester Market Value

$282,970

Median Gloucester County Market Value

$281,095

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Gloucester, Gloucester County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23061	$140,894	$215,740	$282,970	$375,160	$489,238

Source: Ownwell

Property Tax Bills Across Gloucester, Gloucester County, Virginia

In Gloucester, VA, property tax bills are determined by the assessed value of a home, which is then multiplied by the local tax rate. This rate is set by the local government and can vary each year. For homeowners in Gloucester, the property tax bill can range significantly, with the 25th percentile at $1,242 and the 75th percentile at $2,190. The highest median tax bill in the area is $1,649. These figures highlight that many homeowners might pay more than the national median property tax bill of $2,400, depending on their property's assessed value and the specific tax rate applied. Factors influencing the tax bill include changes in property value and adjustments in the local tax rate. Homeowners can find these fluctuations challenging, but Ownwell offers a solution. By providing property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills, ensuring they only pay what is fair and accurate based on their property's true market value.

Property Tax Bills Across Gloucester, Gloucester County, Virginia

Source: Ownwell

$1,443

$1,647

$1,851

Median Gloucester Tax Bill

$1,649

Median Gloucester County Tax Bill

$1,643

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Gloucester, Gloucester County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23061	$764	$1,242	$1,649	$2,190	$2,864

Source: Ownwell