23856 Property Tax Rate

Property owners in ZIP code 23856 (Freeman, Virginia) pay a median of $370/year in property taxes on homes valued at $87,000. This translates to an effective tax rate of 0.43%, which is 37% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23856 is approximately $31, which factors into escrow payments on mortgages. This ZIP code is located within Brunswick County. This is $1,873 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 23856 has lower property taxes. ZIP codes with similar effective rates include 24421 (0.42%) and 22652 (0.43%).

In Freeman, property taxes represent approximately 0.7% of the median household income of $50,074, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 23856, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Brunswick County's tax assessor directly.