23707 Property Tax Rate
Portsmouth, Virginia · Part of Portsmouth city
Effective Tax Rate
0.91%
9.6% below state avgMedian Annual Tax
$2,028
$169/mo escrow
Estimate Your Tax
Annual Tax
$2,028
Monthly
$169
Eff. Rate
0.91%
Buyer decision brief
What ZIP 23707 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$169/mo
Based on median annual tax paid
State context
0.24 percentage points above the Virginia average
Virginia average: 0.67%
Data confidence
High confidenceThe Census margin of error is $183, about 9% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Portsmouth city assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 23707 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$183 tax MOE, 9% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Portsmouth city is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 23707
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $222,100, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.91%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Virginia and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $169 per month before insurance, HOA dues, or special assessments.
Assessor verification
Portsmouth city assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 23707 Compares
Median Annual Property Tax
ZIP 23707
0.91%
Effective rate
Virginia Avg
0.67%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Virginia
Higher than 86% of ZIP codes in Virginia(86th percentile, 779 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 23707
Property owners in ZIP code 23707 (Portsmouth, Virginia) pay a median of $2,028/year in property taxes on homes valued at $222,100. This translates to an effective tax rate of 0.91%, which is 36% above the Virginia state average of 0.67%.
The monthly property tax burden for a median-valued home in 23707 is approximately $169, which factors into escrow payments on mortgages. This ZIP code is located within Portsmouth city. This is $215 less than the Virginia average of $2,243/year.
Compared to similar ZIP codes in Virginia, 23707 has higher property taxes. ZIP codes with similar effective rates include 22311 (0.91%) and 24019 (0.91%).
In Portsmouth, property taxes represent approximately 4.0% of the median household income of $51,070, providing context for the relative tax burden on homeowners in this area.
Virginia has no state property tax — Portsmouth city's higher effective rate (1.13%) reflects local tax policy; assessments do not automatically change at sale. Portsmouth qualifies for the state Circuit Breaker program for seniors 65+ and disabled homeowners with limited income — apply to the Portsmouth Assessor to reduce your annual tax burden. File an assessment appeal with the Portsmouth Assessor within 30 days of your notice if the appraised value appears inaccurate.
Frequently Asked Questions
What is the property tax rate in ZIP code 23707?
How much are property taxes in Portsmouth, VA (23707)?
How does ZIP 23707 compare to the Virginia average?
What is the median home value in ZIP 23707?
What county is ZIP code 23707 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$183. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 23707 is part of Portsmouth city, Virginia. View the full county profile for broader context and more data.
View Portsmouth city on TaxByCounty →Explore Portsmouth, VA
View all 5 ZIP codes in Portsmouth with property tax comparisons.
View Portsmouth Property Tax Rates →Why compare these ZIPs?
Better comparison set for ZIP 23707
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
22101
Mc Lean, VA
0.13 percentage points lower than ZIP 23707.
Rate
0.78%
Tax
$10,001
Quality
77
22066
Great Falls, VA
0.11 percentage points lower than ZIP 23707.
Rate
0.81%
Tax
$10,001
Quality
70
20129
Paeonian Springs, VA
0.15 percentage points lower than ZIP 23707.
Rate
0.76%
Tax
$9,215
Quality
84
22207
Arlington, VA
0.08 percentage points lower than ZIP 23707.
Rate
0.83%
Tax
$10,001
Quality
82
20198
The Plains, VA
0.14 percentage points lower than ZIP 23707.
Rate
0.77%
Tax
$8,692
Quality
73
22182
Vienna, VA
$864,500 higher median home value than ZIP 23707.
Rate
0.92%
Tax
$10,001
Quality
77
22205
Arlington, VA
0.03 percentage points lower than ZIP 23707.
Rate
0.88%
Tax
$9,454
Quality
94
22213
Arlington, VA
0.02 percentage points lower than ZIP 23707.
Rate
0.89%
Tax
$9,360
Quality
94
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.