22931 Property Tax Rate

Property owners in ZIP code 22931 (Covesville, Virginia) pay a median of $3,625/year in property taxes on homes valued at $703,100. This translates to an effective tax rate of 0.52%, which is 23% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 22931 is approximately $302, which factors into escrow payments on mortgages. This ZIP code is located within Albemarle County. This is $1,382 more than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 22931 has higher property taxes. ZIP codes with similar effective rates include 22821 (0.52%) and 22610 (0.52%).

In Covesville, property taxes represent approximately 3.4% of the median household income of $106,875, 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.