Mechanicsville, Hanover County, Virginia Property Taxes
Median Mechanicsville, VA effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the VA state median of 0.89%.
Median Mechanicsville, VA home value: $336,600
Median annual Mechanicsville, VA tax bill: $2,746, $346 higher than the national median property tax bill of $2,400.
How are property taxes in Hanover calculated?
Property taxes in Mechanicsville, 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 Mechanicsville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mechanicsville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mechanicsville, 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
$2,726
$2,530
Property Tax Rates Across Mechanicsville, Hanover County, Virginia
Local government entities in Virginia set tax rates, which can vary widely within the state. Annually, each county estimates its required budget to provide essential 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 Mechanicsville, located in Hanover County, the effective property tax rate reflects the county's commitment to balancing budgetary needs with taxpayer fairness. Virginia's median property tax rate is notably lower than the national median of 1.02%. Mechanicsville's effective tax rate aligns with the state median, offering residents a favorable tax environment when compared to the national average. This rate is consistent across the zip code, indicating a stable and predictable tax landscape for property owners. When comparing Mechanicsville’s effective property tax rate to other cities in Virginia and the U.S., it becomes evident that the area provides a competitive advantage for property owners seeking to minimize their tax burden while enjoying the benefits of local services.
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 Mechanicsville 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 Mechanicsville, Hanover County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23111 | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% |
| 23116 | 0.81% | 0.81% | 0.81% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Mechanicsville, Hanover County, Virginia
When examining property taxes in Mechanicsville, 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. 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 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 Mechanicsville. For example, the median home price in Mechanicsville is $336,600, with tax bills ranging significantly across the county. Zip code 23116 has the highest median home price at $384,300.
Property Tax Assessment Values Across Mechanicsville, Hanover County, Virginia
Source: Ownwell
$281,600
$339,700
$397,800
Median Mechanicsville Market Value
$336,600
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 Mechanicsville, Hanover County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23111 | $204,950 | $253,700 | $298,100 | $369,100 | $457,900 |
| 23116 | $228,870 | $312,025 | $384,300 | $472,200 | $565,060 |
Source: Ownwell
Property Tax Bills Across Mechanicsville, Hanover County, Virginia
Median Mechanicsville Tax Bill
$2,746
Median Hanover County Tax Bill
$2,727
Median Virginia Tax Bill
$2,608
Median United States Tax Bill
$2,400
Property Tax Bills Across Mechanicsville, Hanover County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23111 | $1,716 | $2,066 | $2,422 | $2,998 | $3,718 |
| 23116 | $1,967 | $2,552 | $3,138 | $3,854 | $4,610 |
Source: Ownwell