Hopewell city, Virginia Property Taxes
Census Bureau ACS property tax data for Virginia. Population: 5,230.
The median annual property tax in Hopewell city is $1,600, which is 18% lower than the Virginia state average and 17% below the national average. The effective tax rate is 0.97% on a median home value of $165,100. Property taxes represent 3.3% of the median household income in this county.
Median Annual Tax
$1,600
-18% vs State
-17% vs US
Median Home Value
$165,100
-41% vs State
-22% vs US
Effective Tax Rate
0.97%
+45% vs State
+2% vs US
With vs Without Mortgage
With Mortgage
$1,615
$135/mo
Without Mortgage
$1,564
$130/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $1,600 +14.2% | 0.97% |
| 2022 | $1,401 +7.5% | 0.92% |
| 2021 | $1,303 +5.0% | 1.02% |
| 2020 | $1,241 -3.1% | 0.98% |
| 2019 | $1,281 | 1.04% |
Tax Burden
Tax-to-Income Ratio
3.3%
of median household income
Median Income
$48,681
per year
Monthly Tax
$133
per month
Other Counties in Virginia
Caroline County
Tax: $1,585/yr Rate: 0.56%
Wythe County
Tax: $851/yr Rate: 0.49%
Lexington city
Tax: $2,378/yr Rate: 0.86%
Chesterfield County
Tax: $2,636/yr Rate: 0.78%
Shenandoah County
Tax: $1,451/yr Rate: 0.55%
Harrisonburg city
Tax: $2,172/yr Rate: 0.78%
Frequently Asked Questions
What is the average property tax in Hopewell city, Virginia? ▼
The median annual property tax in Hopewell city is $1,600 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.97% on a median home value of $165,100.
How does Hopewell city property tax compare to the national average? ▼
Property taxes in Hopewell city are 17% below the national average of $1,923. The effective rate of 0.97% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Hopewell city? ▼
In Hopewell city, homeowners with a mortgage pay a median of $1,615 in annual property taxes, while homeowners without a mortgage pay $1,564. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Hopewell city? ▼
Property taxes in Hopewell city represent approximately 3.3% of the median household income of $48,681. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.