23354 Property Tax Rate

Property owners in ZIP code 23354 (Franktown, Virginia) pay a median of $3,353/year in property taxes on homes valued at $493,100. This translates to an effective tax rate of 0.68%, which is near the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23354 is approximately $279, which factors into escrow payments on mortgages. This ZIP code is located within Northampton County. This is $1,110 more than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 23354 has higher property taxes. ZIP codes with similar effective rates include 22405 (0.68%) and 23086 (0.68%).

In Franktown, property taxes represent approximately 2.2% of the median household income of $152,931, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax — Northampton County assessments are locally administered and do not reset when you purchase. Northampton County offers a Circuit Breaker tax credit for seniors age 65+ and disabled homeowners meeting income guidelines; apply through the Northampton County Assessor for tax relief. File an assessment appeal with the Northampton County Assessor within 30 days of receiving your notice if you believe the valuation is inaccurate.