Property Tax in Hanover County
via TaxByCounty
Hanover's tax rate tracks national norms
Hanover County's effective tax rate of 0.672% sits just slightly above the national median effective rate of 0.67%, placing it squarely in the middle of the pack nationally. Residents here pay $2,506 annually in median property taxes, modestly below the national median of $2,690 despite owning homes worth considerably more—$372,700 versus $281,900 nationally.
Nearly identical to Virginia's average
Hanover's effective rate of 0.672% virtually matches Virginia's state average of 0.671%, making it a textbook example of typical Virginia taxation. However, the county's median tax bill of $2,506 runs 28% higher than the state median of $1,960, reflecting the area's higher home values.
Hanover lighter than Henrico, heavier than Henry
Compared to nearby Henrico County (0.724% rate), Hanover taxes at a lower rate, though Henrico homeowners pay only slightly more per year ($2,416 vs. $2,506). Hanover's rate significantly exceeds nearby Henry County's 0.502%, putting Hanover firmly in the moderate-to-high camp for the region.
Median Hanover home costs $2,506 yearly
A homeowner with Hanover County's median-value property of $372,700 pays approximately $2,506 in annual property taxes. This figure holds relatively steady whether the home carries a mortgage or not, with minimal variation between the two scenarios.
Challenge your assessment if overvalued
Thousands of Virginia homeowners discover their properties are overassessed during the appeal process each year. If your home's county assessment seems inflated relative to recent sales in your neighborhood, filing an appeal could lower your tax burden.