23103 Property Tax Rate

Property owners in ZIP code 23103 (Manakin Sabot, Virginia) pay a median of $3,064/year in property taxes on homes valued at $605,300. This translates to an effective tax rate of 0.51%, which is 25% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23103 is approximately $255, which factors into escrow payments on mortgages. This ZIP code is located within Goochland County. This is $821 more than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 23103 has lower property taxes. ZIP codes with similar effective rates include 24165 (0.51%) and 24553 (0.51%).

In Manakin Sabot, property taxes represent approximately 2.3% of the median household income of $134,563, providing context for the relative tax burden on homeowners in this area.

Virginia imposes no state property tax; Goochland County's 0.59% effective rate is a local county assessment. Seniors (65+), disabled persons, and surviving military spouses are eligible for the Circuit Breaker program, which reduces tax liability based on income — apply to the Goochland County Assessor's Office with your income documentation. Submit your application to the Goochland County Assessor promptly after purchase to ensure relief takes effect this year.