Hopewell, Prince George County, Virginia Property Taxes
Property Taxes in Hopewell, Virginia
Median Hopewell, Virginia effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Hopewell, Virginia home value: $82,500
Median annual Hopewell, Virginia tax bill: $681, lower than the national median property tax bill of $2,400.
How are property taxes in Prince George calculated?
Property taxes in Hopewell, 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 Hopewell's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hopewell, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Hopewell, Prince George County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$676
$628
How Does the Hopewell Property Tax Calculator Work?
Use this Hopewell property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Hopewell's median effective tax rate of 0.82% — based on actual property records in Prince George County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal 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 Hopewell'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 Hopewell: rates range from 0.82% in 23860 to 0.82% in 23860, 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 Hopewell.
About Hopewell Property Taxes
About Property Taxes in Hopewell, Prince George, Virginia
Hopewell’s median effective property tax rate of 0.82% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Prince George 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 Hopewell. Homeowners in the 23860 ZIP code carry a median effective rate of 0.82%, while those in the same ZIP code pay 0.82%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Prince George County. Understanding which part of Hopewell you live in can make a meaningful difference to your annual tax bill.
Hopewell homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before June 1, 2026.
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 Hopewell, Prince George 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 Hopewell'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 Hopewell Tax Rate
0.82%
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 Prince George County Tax Rate
0.82%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hopewell, Prince George County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23860 | 0.51% | 0.69% | 0.82% | 0.83% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Hopewell, Prince George County, Virginia
When examining property taxes in Hopewell, 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 Prince George County assessment process 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 March each year and typically reach your mailbox by the middle of the month. Each property owner receives a 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 Hopewell is $82,500, with tax bills ranging significantly across the county. Zip code 23860 has the highest median home price at $82,500. The median property tax bill is $681, compared with the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Property Tax Assessment Values Across Hopewell, Prince George County, Virginia
Source: Ownwell
$82,500
$206,675
$330,850
Median Hopewell Market Value
$82,500
Median Prince George County Market Value
$262,000
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hopewell, Prince George County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23860 | $7,300 | $34,350 | $82,500 | $214,050 | $395,700 |
Source: Ownwell
Property Tax Bills Across Hopewell, Prince George County, Virginia
How are property tax bills calculated in Hopewell?
Property tax bills in Hopewell are based on the assessed value of a home, not its market listing price. Local taxing authorities apply the property tax rate to that assessed value to determine the annual bill. For homeowners, this means that changes in assessment can directly affect what they owe each year.
What factors are considered? The main factor is the home’s assessed value, which reflects how the property is valued for tax purposes. The amount a homeowner pays can also vary by location within the city and by local tax rates. In Hopewell, the median home price is $82,500, and the median property tax bill is $681 in ZIP code 23860.
How does this affect homeowners? A lower assessed value can mean a smaller tax bill, while a higher assessment can increase the amount due. Compared with the national median property tax bill of $2,400, Hopewell homeowners generally pay less, but bills can still range widely, with the 25th percentile at $232 and the 90th percentile at $3,879.
Median Hopewell Tax Bill
$681
Median Prince George County Tax Bill
$2,050
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Hopewell, Prince George County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23860 | $224 | $232 | $681 | $1,766 | $3,879 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Prince George Tax Assessor | |
| Website | gis.vgsi.com |