Tax calculator
Real estate + personal property tax calculator
Compare current Chesapeake taxes against the proposed first-dollar exemptions, then test how a higher real estate rate could raise dedicated revenue for schools, police, and infrastructure.
Revenue slider
Real estate rate: $1.05 per $100
Revenue estimate is gross citywide real-estate revenue. It does not subtract exemption costs because parcel-level distribution is needed to model that honestly.
Backlog math
What the added revenue could clear
Two cents on the real estate rate was described as public-safety funding for health screenings, police/fire equipment, hiring unfilled positions, and fire facility/vehicle repairs.
Proposed FY2026–2030 city capital program total.
School Board 2026–2036 CIP first-five-year request.
City CIP plus CPS facility ask. This does not include every operating need.
At this rate: no new backlog paydown selected.
Move the slider to see whether the selected rate can fund police/public safety, first-in-region educator pay, and infrastructure catch-up within 3–5 years.
Quick presets
Your property values
Tax rates
Proposed exemptions
Household result
| Tax | Current | Proposed | Difference |
|---|---|---|---|
| Real estate | $0 | $0 | $0 |
| Personal property / vehicle | $0 | $0 | $0 |
| Total | $0 | $0 | $0 |
This is a gross local-tax calculator. It does not include PPTRA/car-tax-relief adjustments, vehicle license fees, special districts, penalties, credits, or non-primary-residence rules.
Prefilled examples at the current $1.05 real estate rate
| Scenario | Current | Proposed | Estimated savings |
|---|---|---|---|
| $40,000 vehicle only | $1,632 | $0 | $1,632 |
| $400,000 primary home + $40,000 vehicle | $5,832 | $1,575 | $4,257 |
| $500,000 primary home + $40,000 vehicle | $6,882 | $2,625 | $4,257 |
Formula
- Current real estate tax = home assessed value × current real estate tax rate ÷ 100.
- Proposed real estate tax = max(home assessed value − $250,000, 0) × selected real estate tax rate ÷ 100.
- Current vehicle tax = vehicle assessed value × vehicle tax rate ÷ 100.
- Proposed vehicle tax = max(vehicle assessed value − $60,000, 0) × vehicle tax rate ÷ 100.
- Added citywide revenue = (selected real estate rate − current rate) × 100 × $3.7 million.
Sources and assumptions
- City of Chesapeake local tax rates: vehicle personal property rate listed at $4.08 per $100 assessed value.
- City of Chesapeake real estate tax page: real estate is assessed at 100% of fair market value.
- Chesapeake budget/tax rate source: real estate rate shown as $1.04 per $100 general rate plus $0.01 mosquito control, totaling $1.05 per $100 where applicable.
- Chesapeake FY 2026 budget work session source: 1¢ real-estate tax increase estimated at $3,700,000.
- Public-safety package benchmark: city discussed a 2¢ real estate tax increase for health screenings, police/fire equipment replacement, hiring unfilled positions, and fire facility/vehicle repair. Using $3.7M per penny, that equals about $7.4M/year.
- City capital benchmark: proposed FY2026–2030 CIP total of $702,696,896.
- School capital benchmark: Chesapeake Public Schools 2026–2036 CIP first-five-year request of $621,595,000.
- Combined quantified capital backlog used here: $702,696,896 + $621,595,000 = $1,324,291,896.
- Milestone language is a policy target, not a staffing guarantee. Actual implementation requires police vacancy, CPS pay-scale, vacancy, debt-capacity, and staffing-cost analysis.