Midlothian, Powhatan County, Virginia Property Taxes
Median Midlothian, VA effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Midlothian, VA home value: $523,000
Median annual Midlothian, VA tax bill: $3,904, $1,504 higher than the national median property tax bill of $2,400.
How are property taxes in Powhatan calculated?
Property taxes in Midlothian, 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 Midlothian’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Midlothian, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Midlothian, Powhatan County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$3,953
$3,669
Property Tax Rates Across Midlothian, Powhatan County, Virginia
Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budget requirements to provide essential services and divides that by the total value of all taxable properties 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 process is essentially how it unfolds each year.
In Midlothian, located in Chesterfield County, Virginia, the effective property tax rate reflects the county's financial needs and the total assessed value of properties. When comparing Midlothian's tax rate to other cities in Virginia, it's evident that these rates can differ, influenced by local budgetary demands and property values.
Midlothian's property tax rate is lower than both the state and national medians. With the national median property tax rate at 1.02% and a median bill of $2,400, Midlothian offers a more favorable tax environment. This can be an attractive factor for potential homeowners and investors considering the area.
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 Midlothian Tax Rate
0.66%
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 Powhatan County Tax Rate
0.66%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Midlothian, Powhatan County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23112 | 0.33% | 0.65% | 0.66% | 0.66% | 0.67% |
| 23113 | 0.64% | 0.66% | 0.66% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Midlothian, Powhatan County, Virginia
When examining property taxes in Midlothian, 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 Powhatan 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 Powhatan 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 Midlothian. For example, the median home price in Midlothian is $523,000, with tax bills ranging significantly across the county. Zip code 23113 has the highest median home price at $525,700.
Property Tax Assessment Values Across Midlothian, Powhatan County, Virginia
Source: Ownwell
$366,700
$484,125
$601,550
Median Midlothian Market Value
$599,000
Median Powhatan County Market Value
$381,400
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Midlothian, Powhatan County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23112 | $206,590 | $279,225 | $366,700 | $536,150 | $708,610 |
| 23113 | $333,540 | $438,275 | $601,550 | $724,425 | $882,200 |
Source: Ownwell
Property Tax Bills Across Midlothian, Powhatan County, Virginia
Median Midlothian Tax Bill
$3,904
Median Powhatan County Tax Bill
$2,433
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Midlothian, Powhatan County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23112 | $968 | $1,492 | $2,389 | $3,545 | $4,312 |
| 23113 | $1,904 | $2,793 | $3,929 | $4,731 | $5,781 |
Source: Ownwell