23890 Property Tax Rate

Property owners in ZIP code 23890 (Waverly, Virginia) pay a median of $1,063/year in property taxes on homes valued at $194,000. This translates to an effective tax rate of 0.55%, which is 19% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23890 is approximately $89, which factors into escrow payments on mortgages. This ZIP code is located within Sussex County. This is $1,180 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 23890 has higher property taxes. ZIP codes with similar effective rates include 20106 (0.55%) and 22935 (0.55%).

In Waverly, property taxes represent approximately 1.3% of the median household income of $83,674, providing context for the relative tax burden on homeowners in this area.

Sussex County's 0.66% local property tax rate is the only tax you'll owe in Virginia, which has no state tax. File for Land Use Taxation with the Sussex County Assessor if you operate agricultural property, reducing your tax to agricultural use value rather than market value. Elderly (65+) and disabled homeowners should contact the Sussex County Assessor to apply for the circuit breaker program, which can significantly lower your annual bill based on income.