23114 Property Tax Rate

Property owners in ZIP code 23114 (Midlothian, Virginia) pay a median of $3,081/year in property taxes on homes valued at $377,300. This translates to an effective tax rate of 0.82%, which is 21% above the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23114 is approximately $257, which factors into escrow payments on mortgages. This ZIP code is located within Chesterfield County. This is $838 more than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 23114 has higher property taxes. ZIP codes with similar effective rates include 23454 (0.82%) and 23453 (0.82%).

In Midlothian, property taxes represent approximately 2.8% of the median household income of $108,770, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax — Chesterfield County assessments are set locally and do not reset at sale; however, the county's Land Use Taxation program can reduce taxes on agricultural or open-space property if you qualify. Chesterfield offers a Circuit Breaker tax relief program for elderly (65+) and disabled homeowners with limited income — contact the Chesterfield County Assessor's office to verify income thresholds and application deadlines. File any assessment appeal with the Chesterfield County Assessor within 30 days of receiving your assessment notice.