23435 Property Tax Rate

Property owners in ZIP code 23435 (Suffolk, Virginia) pay a median of $3,691/year in property taxes on homes valued at $374,500. This translates to an effective tax rate of 0.99%, which is 46% above the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23435 is approximately $308, which factors into escrow payments on mortgages. This ZIP code is located within Suffolk city. This is $1,448 more than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 23435 has lower property taxes. ZIP codes with similar effective rates include 22310 (0.99%) and 22314 (0.99%).

In Suffolk, property taxes represent approximately 3.4% of the median household income of $107,833, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax — Suffolk city assessments are locally determined and do not automatically reset when you buy. Suffolk residents age 65+ or who are disabled may qualify for the Circuit Breaker program to reduce tax liability if income is below the threshold — contact the Suffolk Assessor's office to apply. File an assessment appeal with the Suffolk Assessor within 30 days of receiving your notice if the appraised value seems high.