North Prince George, Hopewell County, Virginia Property Taxes

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

Median North Prince George, VA effective property tax rate: 1.13%, significantly higher than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median North Prince George, VA home value: $253,900
Median annual North Prince George, VA tax bill: $2,869, $469 higher than the national median property tax bill of $2,400.

How are property taxes in Hopewell calculated?

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

Last Updated March 1, 2025

North Prince George, Hopewell County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.17%

Estimate Property Tax Bill

$2,971

$2,757

Ownwell’s North Prince George Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in North Prince George with just two data points.

By entering your property's estimated assessed value, our calculator applies North Prince George’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 Hopewell.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across North Prince George, Hopewell County, Virginia

Local government entities set tax rates, which can vary widely within a state. 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 North Prince George’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. The median property tax rate in Virginia is 1.13%, which matches the rate in North Prince George. When compared to the national median property tax rate of 1.02%, North Prince George's rate is slightly higher, possibly reflecting local budgetary needs or property value assessments. Understanding these differences can provide a clearer picture of how property taxes are determined and why they might vary from one location to another. This insight is essential for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across North Prince George, Hopewell County, Virginia

Source: Ownwell

1.17%

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 North Prince George Tax Rate

1.17%

Median Effective Hopewell County Tax Rate

1.17%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across North Prince George, Hopewell County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
23860	1.17%	1.17%	1.17%	1.17%	1.17%

Source: Ownwell

Property Tax Assessment Values Across North Prince George, Hopewell County, Virginia

When examining property taxes in North Prince George, 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 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.

In Hopewell County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 North Prince George.

For example, the median home price in North Prince George is $253,900, with tax bills ranging significantly across the county. Zip code 23860 has the highest median home price at $253,900.

Property Tax Assessment Values Across North Prince George, Hopewell County, Virginia

Source: Ownwell

$140,000

$196,950

$253,900

Median North Prince George Market Value

$253,900

Median Hopewell County Market Value

$140,200

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across North Prince George, Hopewell County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
23860	$125,160	$176,125	$253,900	$294,075	$306,290

Source: Ownwell

Property Tax Bills Across North Prince George, Hopewell County, Virginia

In North Prince George, VA, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the county, reflecting the home's market value. With a median home price of $253,900, homeowners in the area experience tax bills that vary significantly. The 25th percentile tax bill is around $1,625, while the 75th percentile reaches $3,336, and the 90th percentile is $3,461. This variation highlights the impact of property assessments and tax rates on individual bills. Compared to the national median property tax bill of $2,400, North Prince George's tax bills can be notably higher, emphasizing the importance of accurate assessments. Homeowners can benefit from appealing their property tax assessments to potentially lower their bills. Ownwell offers expertise in property tax appeals, helping homeowners navigate the process and potentially save on their tax bills by ensuring fair assessments and identifying possible exemptions.

Property Tax Bills Across North Prince George, Hopewell County, Virginia

Source: Ownwell

$1,637

$2,304

$2,971

Median North Prince George Tax Bill

$2,971

Median Hopewell County Tax Bill

$1,640

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across North Prince George, Hopewell County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
23860	$1,464	$2,061	$2,971	$3,441	$3,584

Source: Ownwell

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Dates
Appeal Deadline	June 1

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