What is the Ad Valorem tax rate?
The current ad valorem rate has been $0.32 per $100 value since 2012. This tax is in addition to real estate tax. The real estate tax rate is currently set at $0.53 per $100 value (2017).

Example: If a parcel of land is assessed at $100,000*.
The real estate tax would be calculated $100,000/$100 = $1,000 x $0.53 = $530
The ad valorem tax would be calculated $100,000/$100 = $1,000 x $0.32 = $320
Total real estate and ad valorem tax = $850

*Properties within the TCSD that participate in the special assessment for land preservation program (Land Use Program) shall be taxed at the full assessed value.

Below is a graph that compares Goochland’s ‘Ad Valorem Tax’ residents to other neighboring localities.
Combined Tax Rates for those in TCSD

Show All Answers

1. What is the Tuckahoe Creek Service District (TCSD)?
2. My real estate tax bill has an additional Ad Valorem tax on my property. What is an Ad Valorem tax?
3. What is the Ad Valorem tax rate?
4. Will the Ad Valorem rate ever change?
5. How long will properties in the TCSD be required to pay the Ad Valorem tax?
6. How much Ad Valorem tax has the County collected over the past 6 years? How much of the 55% revenue sharing taxes has the County transferred to the TCSD over the past 6 years?
7. What additional revenue is contributed to meeting the TCSD Debt obligations?
8. What is the total assessed value of property in the TCSD?
9. Why/how did my property get in the TCSD?
10. How much money did the County borrow to create the TCSD?
11. What is the remaining debt service by year on the bond until it is paid off?
12. I heard the County got the VRA bonds restructured? What does that mean?
13. I would like to be able to connect to the TCSD water and sewer. What do I need to do to join the district?
14. I am not connected to water and/or sewer, why do I have to pay the Ad Valorem tax?
15. Is there a way to exit the TCSD?
16. Is there a TCSD reserve? How much is currently in the reserve?