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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.
The average effective property tax in the county is 1.06%, seventh highest in the state. Real estate in Prince William County was most recently reassessed as of 2015, which means current assessed values should be close to 100% of market value. Prior to that reassessment they had dipped to around 80% of market value.