Property Taxes in Hanover, Virginia
Median Hanover, Virginia effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Hanover, Virginia home value: $223,700
Median annual Hanover, Virginia tax bill: $1,288, $1,112 lower than the national median property tax bill of $2,400.
How are property taxes in King William calculated?
Property taxes in Hanover, 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 Hanover's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hanover, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Hanover Property Tax Calculator Work?
Use this Hanover property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Hanover's median effective tax rate of 0.58% — based on actual property records in King William County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Hanover'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 Hanover: rates range from 1288.00 in 23069 to 1288.00 in 23069, 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 Hanover.
About Hanover Property Taxes
About Property Taxes in Hanover, King William, Virginia
Hanover’s median effective property tax rate of 0.58% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the King William 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 Hanover. Homeowners in the 23069 ZIP code carry a median effective rate of 0.58%, while those in 23069 pay 0.58%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across King William County. Understanding which part of Hanover you live in can make a meaningful difference to your annual tax bill.
Hanover homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 1, 2026 deadline each year.
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 Hanover, King William 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 Hanover's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
Our median effective property tax rate (tax bill Ă· 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 Tax Rate
0.58%
Our median effective property tax rate (tax bill Ă· 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 King William County Tax Rate
0.58%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Hanover, King William County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23069 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Hanover, King William County, Virginia
When examining property taxes in Hanover, 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 King William 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 King William County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Hanover is $223,700, with a median tax bill of $1,288. Tax bills range from $869 at the 25th percentile to $1,621 at the 75th percentile, and $2,026 at the 90th percentile. The highest median home price is in 23069 at $223,700.
Property Tax Assessment Values Across Hanover, King William County, Virginia
Source: Ownwell
$218,200
$239,425
$260,650
Median Hanover Market Value
$223,700
Median King William County Market Value
$235,800
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Hanover, King William County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23069 | $76,560 | $156,200 | $223,700 | $281,300 | $359,260 |
Source: Ownwell
Property Tax Bills Across Hanover, King William County, Virginia
How are property tax bills calculated in Hanover?
Property tax bills in Hanover are based on the assessed value of a home and the local tax rate set by the county and other taxing authorities. When a home’s market value changes, the assessed value can also change, which affects the final bill. For a home with a median price of $223,700, the tax bill is shaped by both the property’s value and the rate applied to it.
What factors affect the amount homeowners pay? The biggest factors are the home’s assessed value, the tax rate, and any local levies included in the bill. In Hanover, the 25th percentile tax bill is $869, the 75th percentile is $1,621, and the 90th percentile is $2,026. The median tax bill is $1,288 in ZIP code 23069.
How does this affect homeowners? Higher assessed values can lead to higher bills, even when tax rates stay the same. That means homeowners should review their assessments carefully, since property taxes can have a direct impact on monthly housing costs and long-term affordability.
Median Hanover Tax Bill
$1,288
Median King William County Tax Bill
$1,258
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Hanover, King William County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23069 | $356 | $869 | $1,288 | $1,621 | $2,026 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 3 |
Links | |
|---|---|
| King William Tax Assessor | |
| Website | gis.vgsi.com |