23116 Property Tax Rate

Property owners in ZIP code 23116 (Mechanicsville, Virginia) pay a median of $2,626/year in property taxes on homes valued at $405,900. This translates to an effective tax rate of 0.65%, which is 4% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23116 is approximately $219, which factors into escrow payments on mortgages. This ZIP code is located within Hanover County. This is $383 more than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 23116 has higher property taxes. ZIP codes with similar effective rates include 24175 (0.65%) and 22443 (0.65%).

In Mechanicsville, property taxes represent approximately 1.9% of the median household income of $139,029, 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.