Chester Gap, Rappahannock County, Virginia Property Taxes
Median Chester Gap, VA effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Chester Gap, VA home value: $8,000
Median annual Chester Gap, VA tax bill: $49, $2,351 lower than the national median property tax bill of $2,400.
How are property taxes in Rappahannock calculated?
Property taxes in Chester Gap, 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 Chester Gap’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chester Gap, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Chester Gap, Rappahannock County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$61
$57
Property Tax Rates Across Chester Gap, Rappahannock County, Virginia
Local government entities set tax rates, which can vary widely 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, in a nutshell, this is the annual process.
Chester Gap in Rappahannock County, Virginia, offers a unique perspective on property tax rates. The effective property tax rate in Chester Gap stands at 0.61%, which is notably lower than the national median property tax rate of 1.02%. This means property owners in Chester Gap enjoy a more favorable tax environment compared to many other parts of the country. Virginia's median property tax rate aligns with Chester Gap's, emphasizing the state's overall lower tax burden. This can be an attractive feature for potential homeowners or investors looking to maximize their financial benefits. Comparing Chester Gap’s effective property tax rate to other cities in Virginia and the U.S. highlights its advantageous position, making it a compelling choice for those seeking lower property tax obligations.
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 Chester Gap Tax Rate
0.61%
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 Rappahannock County Tax Rate
0.61%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Chester Gap, Rappahannock County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22623 | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Chester Gap, Rappahannock County, Virginia
When examining property taxes in Chester Gap, 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 Rappahannock 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 Rappahannock 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 Chester Gap. For example, the median home price in Chester Gap is $8,000, with tax bills ranging significantly across the county. Zip code 22623 has the highest median home price at $8,000.
Property Tax Assessment Values Across Chester Gap, Rappahannock County, Virginia
Source: Ownwell
$10,000
$204,000
$398,000
Median Chester Gap Market Value
$10,000
Median Rappahannock County Market Value
$311,100
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Chester Gap, Rappahannock County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22623 | $5,000 | $5,000 | $10,000 | $199,725 | $285,630 |
Source: Ownwell
Property Tax Bills Across Chester Gap, Rappahannock County, Virginia
Median Chester Gap Tax Bill
$61
Median Rappahannock County Tax Bill
$1,744
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Chester Gap, Rappahannock County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22623 | $30 | $30 | $61 | $1,203 | $1,747 |
Source: Ownwell