Chester, Chesterfield County, Virginia Property Taxes
Median Chester, VA effective property tax rate: 0.92%, slightly lower than the national median of 1.02%, but higher than the Virginia state median of 0.89%.
Median Chester, VA home value: $295,200
Median annual Chester, VA tax bill: $2,601, $201 higher than the national median property tax bill of $2,400.
How are property taxes in Chesterfield County calculated?
Property taxes in Chester, 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’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chester, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Chester, Chesterfield County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.91%
Estimate Property Tax Bill
$2,922
$2,712
Property Tax Rates Across Chester, Chesterfield County, Virginia
Local government entities are responsible for setting tax rates, which can vary widely within Virginia. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws influence the setting of tax rates and budgets, this is the core of the annual process.
In Chester, located in Chesterfield County, the effective property tax rate stands at 0.92%. This rate is slightly below the national median property tax rate of 1.02%, making it more affordable compared to many other regions across the country. Chester's rate is consistent across the county, with both the highest and lowest median tax rates recorded at 0.92% in the area. This consistency may provide a sense of financial predictability for property owners.
Comparing Chester's property tax rate to the national median helps highlight the relative affordability of the area. With property tax bills being a significant expense for homeowners, understanding these local tax dynamics can be crucial for financial planning and decision-making.
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 Tax Rate
0.91%
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 Chesterfield County Tax Rate
0.91%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Chester, Chesterfield County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23831 | 0.90% | 0.90% | 0.91% | 0.91% | 0.91% |
| 23836 | 0.90% | 0.90% | 0.91% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Chester, Chesterfield County, Virginia
When examining property taxes in Chester, 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 Chesterfield 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 Chesterfield 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 Chester.
For example, the median home price in Chester is $295,200, with tax bills ranging significantly across the county. Zip code 23836 has the highest median home price at $319,300.
Property Tax Assessment Values Across Chester, Chesterfield County, Virginia
Source: Ownwell
$15,800
$293,250
$570,700
Median Chester Market Value
$321,100
Median Chesterfield County Market Value
$330,600
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Chester, Chesterfield County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23831 | $85,710 | $248,600 | $314,050 | $374,800 | $445,800 |
| 23836 | $118,280 | $248,800 | $358,000 | $461,650 | $574,560 |
Source: Ownwell
Property Tax Bills Across Chester, Chesterfield County, Virginia
Median Chester Tax Bill
$2,803
Median Chesterfield County Tax Bill
$2,942
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Chester, Chesterfield County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23831 | $112 | $2,066 | $2,773 | $3,320 | $3,924 |
| 23836 | $33 | $1,979 | $2,949 | $3,971 | $4,997 |
Source: Ownwell