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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 Assessment. The Assessorâs Office administers real estate assessments under the authority of the Constitution of Virginia, the Code of Virginia and the City of Portsmouth Code. Virginia State law requires real estate assessments to be at 100% of fair market value. (Code of Virginia Title 58.1 Taxation 58.1-3201).