22718 Property Tax Rate

Property owners in ZIP code 22718 (Elkwood, Virginia) pay a median of $1,732/year in property taxes on homes valued at $355,000. This translates to an effective tax rate of 0.49%, which is 28% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 22718 is approximately $144, which factors into escrow payments on mortgages. This ZIP code is located within Culpeper County. This is $511 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 22718 has higher property taxes. ZIP codes with similar effective rates include 23063 (0.49%) and 24293 (0.49%).

In Elkwood, property taxes represent approximately 2.1% of the median household income of $83,750, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax — Culpeper County assesses and collects local taxes only, with no reassessment penalty at sale beyond standard county valuation. Culpeper County offers a circuit breaker tax relief program for elderly and disabled homeowners and a Land Use Taxation option for qualifying agricultural land — contact the Culpeper County Assessor to verify your income and age eligibility. Submit exemption applications to the Culpeper County Assessor within 30 days of purchase to secure your assessment classification.