Doswell, Hanover County, Virginia Property Taxes
Median Doswell, VA effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Doswell, VA home value: $309,550
Median annual Doswell, VA tax bill: $2,512, $112 higher than the national median property tax bill of $2,400.
How are property taxes in Hanover calculated?
Property taxes in Doswell, 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 Doswell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Doswell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Doswell, Hanover County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.81%
Estimate Property Tax Bill
$2,507
$2,327
Property Tax Rates Across Doswell, Hanover County, Virginia
Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget needed 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. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Doswell, located in Hanover County, property tax rates are reflective of this process. When comparing Doswell's effective property tax rate to other cities within Virginia, it's important to consider how it stands against the state's median property tax rates and the national average. The median property tax rate in Virginia is lower than the national median of 1.02%, which suggests that property owners in Doswell may benefit from relatively lower property tax rates. This comparison offers valuable insight into the local property tax landscape, helping property owners better understand their tax obligations and potential savings.
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 Doswell Tax Rate
0.81%
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 Hanover County Tax Rate
0.81%
Median Effective Virginia Tax Rate
0.89%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Doswell, Hanover County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23047 | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Doswell, Hanover County, Virginia
When examining property taxes in Doswell, 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 Hanover 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 Hanover County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Doswell. For example, the median home price in Doswell is $309,550, with tax bills ranging significantly across the county. Zip code 23047 has the highest median home price at $309,550.
Property Tax Assessment Values Across Doswell, Hanover County, Virginia
Source: Ownwell
$281,600
$339,700
$397,800
Median Doswell Market Value
$309,550
Median Hanover County Market Value
$334,500
Median Virginia Market Value
$298,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Doswell, Hanover County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23047 | $68,700 | $165,550 | $309,550 | $468,350 | $651,100 |
Source: Ownwell
Property Tax Bills Across Doswell, Hanover County, Virginia
In Doswell, located in Hanover County, VA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this area is $309,550. The property tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Doswell typically receive a tax bill around the national median, with figures ranging from the 25th percentile at $1,346 to the 75th percentile at $3,794, and reaching up to $5,279 at the 90th percentile. These bills are influenced by factors such as property improvements, market conditions, and local budgetary needs.
Ownwell helps homeowners in Doswell potentially reduce their property tax bills by offering expert property tax appeal services. Our team reviews your assessment for inaccuracies and files appeals on your behalf, aiming to lower the assessed value and, consequently, your tax bill. By leveraging our expertise, homeowners can ensure they are not overpaying and can achieve significant savings.
Median Doswell Tax Bill
$2,512
Median Hanover County Tax Bill
$2,727
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Doswell, Hanover County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23047 | $554 | $1,346 | $2,512 | $3,794 | $5,279 |
Source: Ownwell