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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.
Real Estate Excise Taxes. Real Estate Excise Tax is the tax charged on the sale of real property. The rates vary from 1.53% to 1.78% and are calculated on the sale price of the property, not the value of the property. Any time real property changes hands or consideration more than $10.00 is given for real property excise tax is assessed.