23040 Property Tax Rate

Property owners in ZIP code 23040 (Cumberland, Virginia) pay a median of $1,318/year in property taxes on homes valued at $187,900. This translates to an effective tax rate of 0.70%, which is 4% above the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23040 is approximately $110, which factors into escrow payments on mortgages. This ZIP code is located within Cumberland County. This is $925 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 23040 has higher property taxes. ZIP codes with similar effective rates include 23059 (0.70%) and 23881 (0.70%).

In Cumberland, property taxes represent approximately 2.4% of the median household income of $55,019, providing context for the relative tax burden on homeowners in this area.

Virginia imposes no state property tax; Cumberland County's 0.70% effective rate is a local county assessment only. The Circuit Breaker relief program offers tax assistance to seniors (65+), disabled homeowners, and surviving military spouses — apply to the Cumberland County Assessor's Office with documentation of your household income and eligibility. File with the Cumberland County Assessor before the reassessment cycle closes to guarantee relief takes effect this tax year.