Chesapeake city, Virginia property tax
The median homeowner in Chesapeake city, Virginia pays $2,937 a year in property tax on a home worth $359,100, an effective rate of 0.82%. The national effective rate is 0.98%.
What the rate means here
At 0.82%, Chesapeake city taxes property more lightly than the national 0.98%. Rate and bill part company here. The percentage is below national, the house is worth $359,100, and the bill lands at $2,937 anyway.
It ranks #27 of 129 Virginia counties by effective rate, against a statewide 0.74%, and #1,424 nationally. The state runs from 1.14% in Manassas Park city down to 0.40% in Prince Edward County.
The median home costs 3.81 times the median household income of $94,189, close to the national 3.86. Incomes here run above the national median, which is what keeps that ratio ordinary despite the house prices. At 251,153 residents the county is large enough that its median blends several distinct housing markets.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Chesapeake city | Virginia | United States | |
|---|---|---|---|
| Effective property tax | 0.82% | 0.74% | 0.98% |
| Median tax bill | $2,937 | $2,686 | $2,969 |
| Median home value | $359,100 | $360,700 | $303,400 |
| Median gross rent | $1,523 | $1,514 | $1,348 |
| Median household income | $94,189 | $90,974 | $78,538 |
| Home price to income | 3.81× | 3.96× | 3.86× |
| Rent as share of income | 19.4% | 19.97% | 20.6% |
| Owner-occupied | 73.78% | 67.18% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 251,153.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Arlington County | 0.90% | $7,774 | $864,800 |
| Norfolk city | 1.01% | $2,738 | $271,900 |
| Richmond city | 0.86% | $2,834 | $328,100 |
| Newport News city | 1.03% | $2,507 | $243,300 |
| Henrico County | 0.72% | $2,416 | $333,600 |
Chesapeake city property tax: common questions
What is the property tax rate in Chesapeake city, Virginia?
The effective rate is 0.82% of home value, from a median tax bill of $2,937 against a median home value of $359,100. That is 0.16 points below the national 0.98%.
How much is property tax on a $400,000 home in Chesapeake city?
Roughly $3,280 a year at the county effective rate of 0.82%.
Is Chesapeake city expensive compared with the rest of Virginia?
It ranks #27 of 129 Virginia counties by effective property tax rate, and #1424 of 2,826 nationally. That is 0.08 points above the Virginia average of 0.74%.
What does housing cost in Chesapeake city?
The median home is worth $359,100 and median gross rent is $1,523 a month. Median household income is $94,189, which puts the home at 3.81 times annual income and rent at 19.4% of it.