23015 Property Tax Rate

Property owners in ZIP code 23015 (Beaverdam, Virginia) pay a median of $2,449/year in property taxes on homes valued at $430,800. This translates to an effective tax rate of 0.57%, which is 16% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23015 is approximately $204, which factors into escrow payments on mortgages. This ZIP code is located within Hanover County. This is $206 more than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 23015 has higher property taxes. ZIP codes with similar effective rates include 22520 (0.57%) and 22436 (0.57%).

In Beaverdam, property taxes represent approximately 2.2% of the median household income of $109,648, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax; Hanover County's 0.68% effective rate is a local county assessment with no state tax layer. Seniors age 65 or older, disabled homeowners, and surviving military spouses qualify for the Circuit Breaker program through the Hanover County Assessor — this income-based relief can significantly reduce your annual bill. Apply to the Hanover County Assessor's Office within 30 days of purchase to ensure the relief applies to your current tax year.