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Updated 2025 Tax Year

Petersburg County
Property Tax Guide

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

9 Official Sources
8 min read
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Quick Facts
Tax Rate
Base rate varies by location due to special taxing districts and additional assessments
Exemptions
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Section 1

How Property Tax Works

Petersburg County, Virginia operates on a property tax system that serves as the primary funding source for essential county services including public schools, law enforcement, fire protection, road maintenance, and local government operations. The county assesses real estate annually at fair market value, with no statutory assessment cap limiting year-over-year increases in assessed value.

Property owners in Petersburg County should be aware that actual tax rates can vary by location within the county due to special taxing districts, additional assessments for school bonds, or other local improvement districts. The base real estate tax rate provides core county services, but property owners may see additional charges on their tax bills depending on their specific location and applicable service districts. Most tax credits and exemptions require formal application and are not automatically applied to your property tax bill.

Section 2

What Makes Up Your Tax Bill

ComponentRate per $100Description
Real Estate Tax$1.27Base county levy for general services
Mobile Home Tax$1.27Applied to mobile homes on assessed value
Business Personal Property$4.90Commercial equipment, furniture, fixtures

Rates shown are current as of 2025. Actual rates may vary by special taxing district within Petersburg County. Contact the county assessor's office for location-specific rates and any additional district assessments that may apply to your property.

Section 3

When Are Property Taxes Due?

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

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 Petersburg County are triggered by changes in property ownership, new construction, or property improvements that increase assessed value during the tax year. When these events occur, the county calculates additional tax owed based on the increased assessment from the effective date of change through the end of the fiscal year.

For example, if you purchase a home in Petersburg County in January that was previously assessed at $200,000 but now has a market value of $300,000, you would owe supplemental tax on the $100,000 difference. The calculation would be: ($100,000 ÷ 100) × $1.27 × (months remaining in fiscal year ÷ 12). This supplemental bill would be issued separately from the regular annual tax bill.

Example Calculation

Example 1: $300,000 Home

  • Assessed Value: $300,000
  • Credits Applied: $0 (assuming no applications filed)
  • Net Taxable Value: $300,000
  • Annual Tax: ($300,000 ÷ 100) × $1.27 = $3,810
  • Monthly Escrow: $317.50

Example 2: $600,000 Home

  • Assessed Value: $600,000
  • Credits Applied: $0 (assuming no applications filed)
  • Net Taxable Value: $600,000
  • Annual Tax: ($600,000 ÷ 100) × $1.27 = $7,620
  • Monthly Escrow: $635.00

Example 3: $1,000,000 Home

  • Assessed Value: $1,000,000
  • Credits Applied: $0 (assuming no applications filed)
  • Net Taxable Value: $1,000,000
  • Annual Tax: ($1,000,000 ÷ 100) × $1.27 = $12,700
  • Monthly Escrow: $1,058.33

Note: Tax credits such as elderly/disabled, veteran disability, or rehabilitation credits require separate application and approval. Contact Petersburg County's assessor office for available programs and application procedures.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Petersburg County require property tax escrow accounts to ensure timely payment of property taxes. Your lender will collect approximately 1/12 of your estimated annual property tax bill each month along with your mortgage payment. The lender then pays your property taxes directly to Petersburg County when due.

Petersburg County's quarterly payment schedule (due September 30, December 31, March 31, and June 30) allows lenders to make payments throughout the year rather than in one lump sum. Your lender will typically conduct an annual escrow analysis to adjust your monthly payment based on actual tax bills and any changes in assessed value. You should receive copies of all tax bills and payment confirmations from your lender, and you can verify payments through Petersburg County's online tax records system.

How HonestCasa Helps
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Section 6

Frequently Asked Questions

Q: When are property taxes due in Petersburg County? A: Real estate taxes are due quarterly: September 30 (1st quarter), December 31 (2nd quarter), March 31 (3rd quarter), and June 30 (4th quarter). Personal property taxes are due February 28 and June 10.

Q: What tax credits are available and how do I apply? A: Petersburg County offers various tax credits including elderly/disabled persons credit, veteran disability credit, and rehabilitation credit for historic properties. All credits require formal application - none are automatic. Contact the county assessor's office for specific eligibility requirements and application deadlines.

Q: Is there a homestead exemption or credit available? A: Check with Petersburg County's assessor office for current homestead programs. Any available homestead credit would typically limit annual assessment increases rather than reduce market value, and would require filing an application by the specified deadline.

Q: How often are properties reassessed? A: Petersburg County conducts annual assessments. Property values are reviewed yearly to reflect current market conditions, with no statutory cap on assessment increases.

Q: What happens if I pay my taxes late? A: Late payments incur penalties and interest charges. Contact Petersburg County's treasurer's office for specific penalty rates and payment options if you cannot meet the quarterly due dates.

Q: Can I pay my property taxes online? A: Check Petersburg County's official website or contact the treasurer's office for available online payment options and accepted payment methods.

Q: How do I appeal my property assessment? A: Property owners who disagree with their assessment can file an appeal with Petersburg County's Board of Equalization. Appeals must typically be filed within a specific timeframe after assessment notices are mailed.

Q: What if my property is in a special district? A: Properties in special taxing districts may have additional assessments beyond the base $1.27 rate. Your tax bill will itemize all applicable charges. Contact the assessor's office to determine which districts apply to your property.

Verified Sources

Backed by 9 Official Government Sources

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

01
Tax Doc
City of Petersburg Tax Ratespetersburgva.gov
02
CITY OF Ppetersburgva.gov
03
CITY OF PETERSBURG ASSESSOR'S OFFICEpetersburgva.gov
04
City of Petersburg Due Datespetersburgva.gov
05
Assessment Calendar | Petersburg, VA - Official Websitepetersburgva.gov
06
Assessment | Petersburg, VA - Official Websitepetersburgva.gov
07
Virginiairs.gov
08
Tax Doc
Exemptions - Tax Programspetersburgva.gov
09
City of Petersburgpetersburgva.gov
All sources verified as of 2025 Tax Year

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