Hopewell city, Virginia property tax
The median homeowner in Hopewell city, Virginia pays $1,600 a year in property tax on a home worth $165,100, an effective rate of 0.97%. The national effective rate is 0.98%.
What the rate means here
Hopewell city taxes property at 0.97%, within a rounding error of the national 0.98%. That makes the $1,600 median bill mostly a statement about local house prices rather than about local tax policy.
It ranks #11 of 129 Virginia counties by effective rate, against a statewide 0.74%, and #1,117 nationally. The state runs from 1.14% in Manassas Park city down to 0.40% in Prince Edward County.
The median home costs 3.39 times the median household income of $48,681, close to the national 3.86. Incomes run below the national median, and house prices run below it too, which is what keeps the ratio ordinary. This is a small rural county of 22,944 people. Five-year survey estimates for places this size carry wide margins of error, so treat the figures as approximate.
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
| Hopewell city | Virginia | United States | |
|---|---|---|---|
| Effective property tax | 0.97% | 0.74% | 0.98% |
| Median tax bill | $1,600 | $2,686 | $2,969 |
| Median home value | $165,100 | $360,700 | $303,400 |
| Median gross rent | $1,085 | $1,514 | $1,348 |
| Median household income | $48,681 | $90,974 | $78,538 |
| Home price to income | 3.39× | 3.96× | 3.86× |
| Rent as share of income | 26.75% | 19.97% | 20.6% |
| Owner-occupied | 55.53% | 67.18% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 22,944.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Rockbridge County | 0.60% | $1,432 | $238,700 |
| Waynesboro city | 0.67% | $1,578 | $236,600 |
| Page County | 0.67% | $1,489 | $221,800 |
| Lee County | 0.59% | $586 | $98,700 |
| Prince Edward County | 0.40% | $820 | $203,700 |
Hopewell city property tax: common questions
What is the property tax rate in Hopewell city, Virginia?
The effective rate is 0.97% of home value, from a median tax bill of $1,600 against a median home value of $165,100. That is 0.01 points below the national 0.98%.
How much is property tax on a $400,000 home in Hopewell city?
Roughly $3,880 a year at the county effective rate of 0.97%.
Is Hopewell city expensive compared with the rest of Virginia?
It ranks #11 of 129 Virginia counties by effective property tax rate, and #1117 of 2,826 nationally. That is 0.23 points above the Virginia average of 0.74%.
What does housing cost in Hopewell city?
The median home is worth $165,100 and median gross rent is $1,085 a month. Median household income is $48,681, which puts the home at 3.39 times annual income and rent at 26.75% of it.