Columbia, Goochland County, Virginia Property Taxes
Median Columbia, VA effective property tax rate: 0.53%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Columbia, VA home value: $242,900
Median annual Columbia, VA tax bill: $1,253, $1,147 lower than the national median property tax bill of $2,400.
How are property taxes in Goochland calculated?
Property taxes in Columbia, 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 Columbia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Columbia, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Columbia, Goochland County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.53%
Estimate Property Tax Bill
$1,379
$1,280
Property Tax Rates Across Columbia, Goochland 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.
Below, you can compare Columbia’s effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S. In Virginia, the median property tax rate is 0.53%, significantly lower than the national median of 1.02%. This means that homeowners in Columbia benefit from a relatively low property tax rate compared to many other regions across the country. The highest and lowest median tax rates in Virginia are both 0.53%, found in the 23038 zip code. This consistency in rates across Virginia signifies a balanced approach to property taxation, offering predictability for homeowners. With a lower tax rate, property owners in Columbia can potentially enjoy lower annual property tax bills compared to the national median property tax bill of $2,400.
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 Columbia Tax Rate
0.53%
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 Goochland County Tax Rate
0.53%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Columbia, Goochland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23038 | 0.41% | 0.53% | 0.53% | 0.53% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Columbia, Goochland County, Virginia
When examining property taxes in Columbia, 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 Goochland 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 Goochland 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 Columbia. For example, the median home price in Columbia is $242,900, with tax bills ranging significantly across the county. Zip code 23038 has the highest median home price at $242,900.
Property Tax Assessment Values Across Columbia, Goochland County, Virginia
Source: Ownwell
$260,250
$554,950
$849,650
Median Columbia Market Value
$260,250
Median Goochland County Market Value
$484,200
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Columbia, Goochland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23038 | $104,630 | $178,650 | $260,250 | $362,275 | $525,280 |
Source: Ownwell
Property Tax Bills Across Columbia, Goochland County, Virginia
Median Columbia Tax Bill
$1,305
Median Goochland County Tax Bill
$2,439
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Columbia, Goochland County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23038 | $474 | $864 | $1,305 | $1,870 | $2,492 |
Source: Ownwell