Property Taxes in Gloucester Point, Virginia
Median Gloucester Point, Virginia effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Gloucester Point, Virginia home value: $279,250
Median annual Gloucester Point, Virginia tax bill: $1,661, $739 lower than the national median property tax bill of $2,400.
How are property taxes in Gloucester County calculated?
Property taxes in Gloucester Point, 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 Gloucester Point's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gloucester Point, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Gloucester Point Property Tax Calculator Work?
Use this Gloucester Point property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Gloucester Point's median effective tax rate of 0.59% — based on actual property records in Gloucester 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 Gloucester Point'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 Gloucester Point: rates range from 1661.00 in 23062 to 1661.00 in 23062, 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 Gloucester Point.
About Gloucester Point Property Taxes
About Property Taxes in Gloucester Point, Gloucester, Virginia
Gloucester Point’s median effective property tax rate of 0.59% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Gloucester 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 Gloucester Point. Homeowners in the 23062 ZIP code carry a median effective rate of 0.59%, while those in the same ZIP code also pay 0.59%. This spread reflects how school district boundaries and local assessment districts are drawn across Gloucester County. Understanding which part of Gloucester Point you live in can make a meaningful difference to your annual tax bill.
Gloucester Point homeowners who believe their assessed value is too high can file a formal appeal with the 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 Gloucester Point, Gloucester 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 Gloucester Point'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 Gloucester Point, Gloucester County, Virginia
Source: Ownwell
0.58%
0.59%
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 Point Tax Rate
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 County Tax Rate
0.58%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Gloucester Point, Gloucester County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23062 | 0.58% | 0.59% | 0.59% | 0.59% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Gloucester Point, Gloucester County, Virginia
When examining property taxes in Gloucester Point, 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. 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:
In Gloucester County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of December.
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 example, the median home price in Gloucester Point is $279,250, with a median tax bill of $1,661. Zip code 23062 has both the highest median home price and the highest median tax bill at $279,250 and $1,661.
Property Tax Assessment Values Across Gloucester Point, Gloucester County, Virginia
Source: Ownwell
$244,980
$289,870
$334,760
Median Gloucester Point Market Value
$279,250
Median Gloucester County Market Value
$282,260
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Gloucester Point, Gloucester County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23062 | $201,720 | $240,055 | $279,250 | $352,430 | $478,150 |
Source: Ownwell
Property Tax Bills Across Gloucester Point, Gloucester County, Virginia
Property tax bills in Gloucester Point are calculated by multiplying a home’s assessed value by the local tax rate set by Gloucester County. The assessed value is based on the market value of the property, so changes in the housing market can affect what homeowners owe. For many homeowners, this means a higher assessed value can lead to a larger tax bill even if the home has not changed physically.
In Gloucester Point, the median home price is $279,250, and the median property tax bill is $1,661. That is below the national median property tax bill of $2,400, which can make the area relatively more affordable for property taxes than many parts of the country. Tax bills can still vary widely, with the 25th percentile at $1,428 and the 75th percentile at $2,099. For homeowners, understanding how assessed value and local rates work is important because these factors directly shape annual property tax costs.
Property Tax Bills Across Gloucester Point, Gloucester County, Virginia
Source: Ownwell
$1,438
$1,645
$1,851
Median Gloucester Point Tax Bill
$1,661
Median Gloucester County Tax Bill
$1,648
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Gloucester Point, Gloucester County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23062 | $1,185 | $1,428 | $1,661 | $2,099 | $2,884 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 27 |
Links | |
|---|---|
| Gloucester Tax Assessor | |
| Website | gis.vgsi.com |