Rate Breakdown

Property taxes in Chesterfield County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Chesterfield County

In Chesterfield County, property taxes are calculated based on the assessed value of your property and the applicable tax rate (millage rate). The county conducts periodic assessments to determine the fair market value of real estate, which is then used to calculate your tax liability. Here’s how it works:

• Assessment Process: Properties are reassessed every year, with values reflecting current market conditions. The Chesterfield County Assessor’s Office evaluates factors like location, size, and property condition.
• Millage Rate: The county sets a tax rate per $100 of assessed value. For example, if the rate is $0.95 and your home is valued at $300,000, your annual tax would be $2,850 ($300,000 ÷ 100 × $0.95).
• Billing: Taxes are billed annually, with payments due in two installments (June 5 and December 5).

Available Exemptions

Virginia and Chesterfield County offer several exemptions to reduce property tax burdens for eligible residents. Key exemptions include:

• Homestead Exemption: While Virginia does not have a statewide homestead exemption, some localities offer relief programs for primary residences.
• Senior Citizen & Disability Exemptions: Residents aged 65+ or permanently disabled may qualify for tax relief if their income and net worth fall below state thresholds. Applications must be filed with the Commissioner of the Revenue.
• Veteran Exemptions: Disabled veterans or their surviving spouses may receive partial or full exemptions based on disability ratings. Documentation from the VA is required.

Payment Schedule & Deadlines

Chesterfield County property taxes are due in two installments:

• First Half: Due by June 5 (covers January–June).
• Second Half: Due by December 5 (covers July–December).

Payment options include online, mail, or in-person at the Treasurer’s Office. Late payments incur a 10% penalty plus interest (10% annually). Delinquent accounts may face liens or foreclosure.

Appealing Your Assessment

If you believe your property’s assessed value is inaccurate, you can appeal:

• Step 1: Contact the Assessor’s Office to discuss your valuation. Errors may be resolved informally.
• Step 2: File a formal appeal with the Board of Equalization (BOE) by June 30 of the tax year. Provide evidence like recent sales data or an independent appraisal.
• Step 3: If unsatisfied, you may appeal to Chesterfield Circuit Court within one year of the BOE’s decision.

Appeals are free, but professional appraisal fees may apply if you hire an expert.