HonestCasa logoHonestCasa
All Tax Guides
Updated 2025 Tax Year

Hopewell County
Property Tax Guide

Everything you need to know about property taxes in Hopewell County, VA. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Calculate Your True CostMortgage Calculator
Quick Facts
Tax Rate
$1.17 per $100 of assessed value (2024), up from $1.13 (2023)
1st Due
Dec 5
Exemptions
4+ Available
Section 1

How Property Tax Works

Hopewell County, Virginia operates as an independent city with its own property tax system that serves as a primary funding source for essential municipal services including schools, public safety, infrastructure maintenance, and community programs. The city bills and collects its own property taxes directly, providing local control over assessment and collection processes.

Property tax rates in Hopewell are set annually by the City Council through the budget process, with the current rate structure reflecting the community's commitment to maintaining quality services while managing taxpayer burden. For the 2024 tax year, the rate was set at $1.17 per $100 of assessed value, representing an increase from the 2023 rate of $1.13 per $100. The 2025 rate has not yet been finalized and will be determined during the City Council's upcoming budget deliberations.

Property assessments in Hopewell are conducted regularly to ensure fair market value representation, with no state-imposed assessment cap limiting annual increases. Property owners should be aware that various tax credits may be available to qualifying residents, though most require formal application and are not automatically applied to tax bills.

Section 2

What Makes Up Your Tax Bill

ComponentRate per $100Description
Base Real Estate Tax (2024)$1.17Primary municipal levy for general city services
Base Real Estate Tax (2023)$1.13Previous year rate for comparison
2025 RateTBDTo be determined by City Council budget process

Note: These rates apply to the fiscal year ending June 30. The 2025 tax rate will be established by City Council upon completion of the annual budget process. Hopewell operates as an independent city, so property tax rates are uniform throughout the jurisdiction without additional special district variations.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Hopewell County, property taxes are due in two installments:

First Installment
Dec 5
Delinquent after Dec 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Hopewell County are additional property tax assessments that occur when there are changes to property ownership, value, or use outside of the regular assessment cycle. Common triggers include new construction completion, major property improvements, or changes in property classification that affect taxable value.

When supplemental taxes are levied, they are calculated based on the current tax rate applied to the increased assessed value, prorated for the portion of the tax year remaining. For example, if a $50,000 home addition is completed in October, the supplemental tax would apply the current $1.17 per $100 rate to the additional assessed value for the remaining months of the fiscal year.

Property owners receive separate billing for supplemental taxes, which become due according to the same payment schedule as regular property taxes. These assessments ensure that all taxable property value is captured during the current tax year rather than waiting for the next regular assessment cycle.

Example Calculation

Example 1: $300,000 Property

  • Assessed Value: $300,000
  • Tax Credits Applied: $0 (assuming no applications filed)
  • Net Taxable Value: $300,000
  • Annual Tax: $300,000 ÷ 100 × $1.17 = $3,510
  • Monthly Escrow: $292.50

Example 2: $600,000 Property

  • Assessed Value: $600,000
  • Tax Credits Applied: $0 (most credits require application)
  • Net Taxable Value: $600,000
  • Annual Tax: $600,000 ÷ 100 × $1.17 = $7,020
  • Monthly Escrow: $585.00

Example 3: $1,000,000 Property

  • Assessed Value: $1,000,000
  • Tax Credits Applied: $0 (credits not automatically applied)
  • Net Taxable Value: $1,000,000
  • Annual Tax: $1,000,000 ÷ 100 × $1.17 = $11,700
  • Monthly Escrow: $975.00

Note: These calculations assume no tax credits have been applied. Various credits may be available to qualifying property owners but require separate application to the Commissioner of Revenue.

See How Taxes Affect Your Payment

Property taxes are just part of your total monthly cost. Get the full picture.

Calculate Now
Section 5

Escrow & Property Taxes

Property owners with mortgages typically have their Hopewell property taxes collected through escrow accounts managed by their mortgage servicers. Lenders collect monthly escrow payments as part of the total mortgage payment and hold these funds to pay property taxes when due on June 15 and December 5 of each year.

Mortgage servicers are responsible for ensuring timely payment of both installments, with each payment representing 50% of the annual tax bill. Property owners should verify that their lender has current contact information for the Hopewell Commissioner of Revenue's office and confirm that payments are being made according to the city's billing schedule.

Annual escrow analysis statements from lenders may show adjustments based on actual tax bills versus estimated amounts collected. Property owners should review these statements carefully and contact their servicer if they notice discrepancies or if tax credits have been applied that weren't reflected in escrow calculations. The City of Hopewell bills and collects its own property taxes, so lenders must remit payments directly to the appropriate city office.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are Hopewell property taxes due for the current fiscal year? A: Property taxes are due in two equal installments: June 15 and December 5, with each payment representing 50% of the annual tax bill.

Q: What tax credits are available to Hopewell property owners? A: Various tax credits may be available including homestead credits and exemptions for qualifying properties. Most credits require formal application to the Commissioner of Revenue and are not automatically applied to tax bills.

Q: How does the homestead credit work in Hopewell? A: Homestead credits typically limit annual assessment increases rather than reducing market value directly. Property owners must file an application with the Commissioner of Revenue to qualify, and the credit is not automatic.

Q: How often are properties assessed in Hopewell? A: Properties are assessed regularly to maintain fair market value. Virginia has no state-imposed assessment cap, allowing assessments to reflect current market conditions.

Q: What happens if I pay my property taxes late? A: Late payments are subject to penalties and interest charges. Contact the Commissioner of Revenue's office for specific penalty rates and payment options if you cannot meet the scheduled due dates.

Q: Can I pay my Hopewell property taxes online? A: Contact the Commissioner of Revenue's office directly for current online payment options and accepted payment methods for property tax bills.

Q: How do I appeal my property assessment? A: Property owners who disagree with their assessment can file an appeal with the appropriate assessment authority. Contact the Commissioner of Revenue's office for appeal procedures and deadlines.

Q: Who do I contact about applying for tax credits or exemptions? A: All applications for tax credits and exemptions should be submitted to the Hopewell Commissioner of Revenue's office. Applications typically have specific deadlines and documentation requirements.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
State
Real Estate Tax Rates | Hopewell, VAhopewellva.gov
02
Tax Doc
Tax Rates | Hopewell, VAhopewellva.gov
03
Personal Property Proration, Assessment & Rateshopewellva.gov
04
CITY OF HOPEWELL, VIRGINIAhopewellva.gov
05
STATUS REPORThopewellva.gov
06
city of hopewell, virginia annual comprehensive financial report ...hopewellva.gov
07
City of Hopewell, Virginia |P 1 akidd |2023 LAND BOOKhopewellva.gov
08
EXEMPT Landbook of the City of HOPEWELL, VA for the ...hopewellva.gov
09
CITY OF HOPEWELL, VIRGINIAhopewellva.gov
10
CITY OF HOPEWELL, VIRGINIAhopewellva.gov
All sources verified as of 2025 Tax Year

See the Full Picture of Your Home Costs

Property taxes are just one piece of homeownership. HonestCasa helps you understand your total monthly cost and explore safe ways to access your home equity.

Total Monthly Cost

Mortgage + taxes + insurance + HOA

Equity Growth

Track how your equity grows over time

Safe Equity Access

Options for projects or debt payoff

Run Your ScenarioTry Calculator

Free • No credit check • 2-minute estimate