23069 Property Tax Rate

Property owners in ZIP code 23069 (Hanover, Virginia) pay a median of $2,300/year in property taxes on homes valued at $338,500. This translates to an effective tax rate of 0.68%, which is near the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23069 is approximately $192, which factors into escrow payments on mortgages. This ZIP code is located within Hanover County.

Compared to similar ZIP codes in Virginia, 23069 has higher property taxes. ZIP codes with similar effective rates include 24606 (0.68%) and 24432 (0.68%).

In Hanover, property taxes represent approximately 2.8% of the median household income of $81,667, 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.