22901 Property Tax Rate

Property owners in ZIP code 22901 (Charlottesville, Virginia) pay a median of $3,676/year in property taxes on homes valued at $473,500. This translates to an effective tax rate of 0.78%, which is 15% above the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 22901 is approximately $306, which factors into escrow payments on mortgages. This ZIP code is located within Albemarle County. This is $1,433 more than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 22901 has lower property taxes. ZIP codes with similar effective rates include 22811 (0.78%) and 23112 (0.78%).

In Charlottesville, property taxes represent approximately 4.0% of the median household income of $91,154, providing context for the relative tax burden on homeowners in this area.

Virginia imposes no state property tax; Albemarle County's 0.78% effective rate is a local county assessment with no state overlay. Homeowners age 65 or older, those with disabilities, and surviving military spouses qualify for the Circuit Breaker program through the Albemarle County Assessor — this relief caps taxes as a percentage of income. Contact the Albemarle County Assessor's Office within 30 days of closing to apply for the program and verify your property's assessed value on the tax rolls.