Chesterfield, Chesterfield County, Virginia Property Taxes
Property Taxes in Chesterfield, Virginia
Median Chesterfield, Virginia effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, and slightly higher than the Virginia state median of 0.90%.
Median Chesterfield, Virginia home value: $356,700
Median annual Chesterfield, Virginia tax bill: $3,154, $754 higher than the national median property tax bill of $2,400.
How are property taxes in Chesterfield calculated?
Property taxes in Chesterfield, 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 Chesterfield's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chesterfield, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Chesterfield, 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
$3,246
$3,012
How Does the Chesterfield Property Tax Calculator Work?
Use this Chesterfield property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Chesterfield's median effective tax rate of 0.91% — based on actual property records in Chesterfield County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Chesterfield'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 Chesterfield: rates range from $2,964 in 23832 to $3,717 in 23838, 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 Chesterfield.
About Chesterfield Property Taxes
About Property Taxes in Chesterfield, Chesterfield, Virginia
Chesterfield’s median effective property tax rate of 0.91% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Chesterfield 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 Chesterfield. Homeowners in the 23832 ZIP code carry a median effective rate of 0.91%, while those in 23838 pay 0.91%. This spread reflects how school district boundaries and local assessment districts are drawn across Chesterfield County. Understanding which part of Chesterfield you live in can make a meaningful difference to your annual tax bill.
Chesterfield homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the March 15, 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 Chesterfield, Chesterfield 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 Chesterfield'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 ÷ 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 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 Chesterfield, Chesterfield County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23832 | 0.90% | 0.90% | 0.91% | 0.91% | 0.91% |
| 23838 | 0.90% | 0.90% | 0.91% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Chesterfield, Chesterfield County, Virginia
When examining property taxes in Chesterfield, 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 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.
Assessment notices are sent in February each year in Chesterfield County and 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 Chesterfield is $356,700, with tax bills ranging significantly across the county. Zip code 23838 has the highest median home price at $428,000.
Property Tax Assessment Values Across Chesterfield, Chesterfield County, Virginia
Source: Ownwell
$15,800
$293,250
$570,700
Median Chesterfield Market Value
$356,700
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 Chesterfield, Chesterfield County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23832 | $216,010 | $263,700 | $334,900 | $429,875 | $530,990 |
| 23838 | $91,510 | $281,925 | $428,000 | $554,550 | $676,960 |
Source: Ownwell
Property Tax Bills Across Chesterfield, Chesterfield County, Virginia
Property tax bills in Chesterfield are calculated by applying the local tax rate to a home’s assessed value, which is based on market conditions and other property characteristics. The assessed value of a home is a key factor because it determines how much tax a homeowner owes each year. For many homeowners, a higher assessed value means a higher tax bill, while a lower assessed value can reduce the amount due.
In Chesterfield, the median home price is $356,700, and property tax bills vary across the county. The 25th percentile tax bill is $2,324, while the 75th percentile is $4,199. At the higher end, the 90th percentile reaches $5,186. Median tax bills also differ by ZIP code, ranging from $2,964 in 23832 to $3,717 in 23838.
These differences show how location and home value can affect what homeowners pay.
Property Tax Bills Across Chesterfield, Chesterfield County, Virginia
Source: Ownwell
$148
$2,665
$5,181
Median Chesterfield Tax Bill
$3,154
Median Chesterfield County Tax Bill
$2,942
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Chesterfield, Chesterfield County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23832 | $1,505 | $2,334 | $2,964 | $3,820 | $4,724 |
| 23838 | $635 | $2,252 | $3,717 | $4,872 | $5,962 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 15 |
Links | |
|---|---|
| Chesterfield Tax Assessor | |
| Website | www.chesterfield.gov |