Property Tax & Income in Chesapeake city, Virginia
Chesapeake city has an effective property tax rate of 0.82%. On the median home value of $378,400, that's roughly $3,108 per year. Median household income is $95,373.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | Chesapeake city | Virginia (state context) |
|---|---|---|
| Effective property tax rate1 | 0.82% | 0.60% |
| Median home value1 | $378,400 | — |
| State income tax3 | top rate 5.75% | top rate 5.75% |
| State sales tax3 | 5.77% combined | 5.77% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About Chesapeake city, VA
In Chesapeake city, Virginia, the median home is valued at $378,400, generating an annual property tax bill of about $3,108 at the area's 0.821% effective rate. Against a median household income of $95,373, that tax equals roughly 3.3% of a household's yearly earnings, while per-capita income sits at $44,985. Virginia's statewide median effective rate is 0.601%, so Chesapeake property owners pay a higher share than is common across the state, and the county ranks 23rd of 133 Virginia counties on this measure. The national median effective rate of 0.794% is only slightly below Chesapeake's figure. These figures describe Chesapeake, the county's principal city, where home values and incomes together determine how much of each household's earnings goes toward property taxes each year.