Real Estate Assessor's Office
To provide fair and equitable appraisal of real estate for assessment purposes to the citizens and property owners of Chesapeake through effective professional personnel, innovative technology and application of reliable, consistent procedures.
Real Estate Notice of Assessment
In accordance with Code of Virginia Title 58.1-3330 and Section 30-119(b) of the Chesapeake City Code, property owners whose value has changed since July 1, 2021 will be sent a reassessment notice mailed on or before March 1st.
Annual Assessment Time Frame
- Data is collected from January 1 - December 31 each year
- New Assessment date is January 1, effective July 1 each year
Chesapeake Real Estate Tax Rate
Chesapeake Real Estate Tax Rate Fiscal Year 2022 to 2023: $1.05 (See note 2) per hundred of the assessed value
Note 1: Tax rate includes a base rate of $1.04 plus $0.01 for mosquito control
Note 2: Fiscal Year 2022 to 2023 includes a $0.04 credit for an effective tax rate of $1.01
Please Note: City of Chesapeake Residents will receive Supplemental Tax Bills for new construction, additions or demolitions on a quarterly basis. This change became effective on October 1, 2021. The valuation changes will be captured on October 1, January 1, April 1 and July 1 each year.
- Why do we have Real Estate Assessments?
Real estate assessments attempt to fairly distribute the necessary tax burden among all property owners based on the market value of their property. State statutes require all jurisdictions to assess real estate at market value and require jurisdictions with a population of over 30,000 to reassess at least every two years. City Code requires annual assessments (City Code of Ordinances, Chapter 30, Article III).
- How can I calculate my Real Estate Taxes?
The amount of tax you pay is determined by the tax rate applied to your assessed value. The tax rate is set by City Council.
To determine the annual tax, divide your real estate assessment by 100 and multiply the answer by the tax rate. The result is your yearly tax amount. The current tax rate is $1.04 per $100 of assessed value, with an additional levy of $0.01 for mosquito control. Fiscal Year 2022 to 2023 includes a $0.04 credit, which results in an effective tax rate of $1.01 per $100 of assessed value.
- What should I do if I find an error in my property description?