Rate Breakdown

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

How Property Tax Works in Hanover County

In Hanover County, Virginia, property taxes are calculated based on the assessed value of your property and the applicable tax rate, known as the millage rate. The County Assessor's Office determines the assessed value of your property by evaluating its market value as of January 1 each year. The millage rate is set annually by the Board of Supervisors and is applied per $100 of assessed value. For example, if your property is assessed at $300,000 and the millage rate is $0.85, your annual property tax would be $2,550.

• Assessment Process: Properties are reassessed periodically to reflect current market conditions.
• Millage Rate: This rate varies depending on the jurisdiction (county, town, or school district).

Available Exemptions

Hanover County offers several exemptions to help reduce property tax burdens for eligible homeowners. These include:

• Homestead Exemption: Available to homeowners who use their property as their primary residence.
• Senior Citizen Exemption: Seniors aged 65 and older may qualify for a reduction in property taxes based on income and asset limits.
• Disability Exemption: Individuals with permanent disabilities may be eligible for tax relief.
• Veteran Exemption: Veterans with a 100% service-connected disability may qualify for full exemption from property taxes.

To apply for exemptions, homeowners must submit the necessary documentation to the Commissioner of the Revenue.

Payment Schedule & Deadlines

Property taxes in Hanover County are typically due in two installments:

• First Installment: Due by June 5.
• Second Installment: Due by December 5.

Payments can be made online, by mail, or in person at the Treasurer's Office. Late payments incur penalties and interest, which accrue monthly until the balance is paid. For example, a 10% penalty is applied to unpaid taxes after the due date, plus interest at a rate set by the state.

Appealing Your Assessment

If you believe your property assessment is inaccurate, you have the right to appeal. The process involves the following steps:

• Informal Review: Contact the Assessor's Office to request a review of your assessment. Provide supporting evidence, such as recent sales data or an appraisal.
• Formal Appeal: If unsatisfied with the informal review, file a formal appeal with the Board of Equalization. This must be done within 30 days of receiving your assessment notice.
• Circuit Court: If the Board of Equalization's decision is unsatisfactory, you may appeal to the Circuit Court within one year of the Board's final decision.

It’s recommended to consult with a property tax professional or attorney for guidance during the appeals process.