Real Estate Assessments
Search our Real Estate Assessment Data (READ) database for current information on Chesterfield County property records.
For assessment data summarizations that include both county and magisterial district sections for years 2018-2023, view the Real Estate Assessment Facts (PDF).
Real Estate Records
The Department of Real Estate Assessments operates in accordance with the Code of Virginia Title 58.1, Taxation, and the Charter and Code of Chesterfield County.
The Department of Real Estate Assessments is responsible for maintaining accurate and up-to-date records on each locally assessed property in Chesterfield County. Written documents, deeds, wills, etc., relating to the ownership of real estate filed in the Clerk's Office of the Circuit Court of Chesterfield County are received and processed daily by the Assessor's Office. Individual real estate records provide:
- Assessed value of each property
- Improvements on or to the property
- Legal description
- Location of the property
- Ownership information
- Property transfer information
Property Tax Maps
- Who establishes the tax rate and what is the tax rate?
The Chesterfield County Board of Supervisors established the tax rate. The real estate tax rate is established each year after two separate public hearings have been held by the County Board of Supervisors - one hearing on the tax rate and one hearing on the budget. The 2023 tax rate is $.91 per $100 of assessed value.
- How are real estate taxes calculated?
Real estate taxes are calculated by multiplying the property's assessed value by the current tax rate. For example, if the tax rate is $0.91 per $100 of assessed value and the property is assessed at $100,000, you multiply $100,000 by .0091, which gives you an annual tax of $910.
- What is the effective date of annual assessments?
Annual Real Estate Assessments are effective January 1st of each year.
- How do I know if my property assessment has changed?
On or before February 1st of each year, assessment notices are mailed to all property owners. At that time, if a property owner has a question about their assessment, they can contact or visit the Assessor's Office. Staff is available to answer questions about the assessment and will make available information relating to the assessed value.
- Will home maintenance increase the assessment?
Generally speaking, no. However, repairs that materially enhance the value of the property or repairs that recapture a loss in value that previously resulted in a lower assessment will most likely result in an increased assessment.
- How does fire damage, storm damage, demolition, etc., affect a property's assessment?
The assessed values of buildings that have been affected by such damages are adjusted through an exoneration procedure. That is, if a house burns down on February 20th, the assessment would be adjusted as of February 20th.
- How can my assessment increase or decrease even when there have been no changes made to the property?
The most frequent cause for a change in property value is a change in the market. A shortage of houses in a desirable neighborhood may send prices soaring, while in a recession, homes may stay on the market for a longer time with some homes actually selling for less than anticipated. In good economic times, inflation alone may cause an increase in property values.
- Are properties reassessed every year?
Property assessments are reviewed every year, but assessments are not necessarily changed every year.