23320 Property Tax Rate

Property owners in ZIP code 23320 (Chesapeake, Virginia) pay a median of $2,661/year in property taxes on homes valued at $323,800. This translates to an effective tax rate of 0.82%, which is 22% above the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23320 is approximately $222, which factors into escrow payments on mortgages. This ZIP code is located within Chesapeake city. This is $418 more than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 23320 has lower property taxes. ZIP codes with similar effective rates include 22712 (0.82%) and 24087 (0.82%).

In Chesapeake, property taxes represent approximately 3.3% of the median household income of $81,736, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax — Chesapeake city assessments are locally set and do not reset upon property transfer. Chesapeake offers a Circuit Breaker exemption for seniors (65+) and disabled residents with limited income, providing meaningful tax relief — apply directly to the Chesapeake Assessor's office. Request your assessment from the Chesapeake Assessor and file a formal appeal within 30 days of the assessment notice if the value does not reflect current market conditions.