Hopewell County, Virginia Property Taxes

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

Median Hopewell County effective property tax rate: 1.13%, significantly higher than the national median of 1.02%.
Median Hopewell County home value: $138,500
Median annual Hopewell County tax bill: $1,514, $886 lower than the national median property tax bill of $2,400.

How are property taxes in Hopewell County calculated?

Property taxes in Hopewell County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Hopewell or another part of Hopewell County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hopewell County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.13%

Estimate Property Tax Bill

$1,565

$1,452

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

Property Tax Rates Across Hopewell County, Virginia

Local government entities determine tax rates, which can vary significantly within a state. 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, this is the annual process in a nutshell. Below, you can compare Hopewell County's effective property tax rate to other counties in Virginia or the U.S. median property tax rate.

Property Tax Rates Across Hopewell County, Virginia

Source: Ownwell

1.13%

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 Hopewell County Tax Rate

1.13%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hopewell County, Virginia

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Hopewell	0.57%	1.13%	1.13%	1.13%	1.61%
North Prince George	1.10%	1.13%	1.13%	1.13%	1.13%

Source: Ownwell

Property Tax Assessment Values Across Hopewell County, Virginia

When examining property taxes in Hopewell County, 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 Hopewell 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. Assessment notices: In Hopewell 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 Hopewell County. For example, the median tax bill in Hopewell County is $1,511, with tax bills ranging significantly across the county. North Prince George has the highest median home price at $253,900.

Property Tax Assessment Values Across Hopewell County, Virginia

Source: Ownwell

$138,300

$196,100

$253,900

Median Hopewell County Market Value

$138,500

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hopewell County, Virginia

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Hopewell	$27,000	$98,100	$138,300	$186,800	$238,200
North Prince George	$125,160	$176,125	$253,900	$294,075	$306,290

Source: Ownwell

Property Tax Bills Across Hopewell County, Virginia

In Hopewell, VA, property taxes are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the tax rate set by the local government to determine the tax bill. For homeowners in Hopewell, the median home price is $138,500, resulting in a median tax bill of $1,511. This is significantly lower than the national median property tax bill of $2,400. In Hopewell, property tax bills can vary, with the 25th percentile at $981 and the 75th percentile at $2,132, reflecting the diversity in home values and tax rates within the area. At the 90th percentile, the tax bill reaches $2,790, which is still below the highest median tax bill in the region, found in North Prince George at $2,869. These property taxes play a crucial role in funding local services, impacting the quality of life and the overall cost of homeownership for residents.

Property Tax Bills Across Hopewell County, Virginia

Source: Ownwell

$1,511

$2,190

$2,869

Median Hopewell County Tax Bill

$1,514

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Hopewell County, Virginia

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Hopewell	$298	$976	$1,511	$2,124	$2,771
North Prince George	$1,414	$1,625	$2,869	$3,336	$3,461

Source: Ownwell