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Median Income In. Hanover County, Virginia. The median property tax (also known as real estate tax) in Hanover County is $1,922.00 per year, based on a median home value of $281,600.00 and a median effective property tax rate of 0.68% of property value.
Richmond is the capital of Virginia and the place where Virginiaâs property tax laws were established. It has a population of around 200,000, making it the fourth largest city in the state. It also has the fifth highest property tax rate. Richmondâs average effective property tax rate is 1.11%. That equates to $2,220 in annual taxes on a home worth $200,000.