23321 Property Tax Rate

Property owners in ZIP code 23321 (Chesapeake, Virginia) pay a median of $2,798/year in property taxes on homes valued at $352,000. This translates to an effective tax rate of 0.79%, which is 18% above the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23321 is approximately $233, which factors into escrow payments on mortgages. This ZIP code is located within Chesapeake city. This is $555 more than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 23321 has lower property taxes. ZIP codes with similar effective rates include 23456 (0.80%) and 23113 (0.80%).

In Chesapeake, property taxes represent approximately 2.8% of the median household income of $98,257, 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.