23947 Property Tax Rate

Property owners in ZIP code 23947 (Keysville, Virginia) pay a median of $594/year in property taxes on homes valued at $148,300. This translates to an effective tax rate of 0.40%, which is 41% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23947 is approximately $50, which factors into escrow payments on mortgages. This ZIP code is located within Lunenburg County. This is $1,649 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 23947 has higher property taxes. ZIP codes with similar effective rates include 23480 (0.40%) and 24413 (0.40%).

In Keysville, property taxes represent approximately 1.1% of the median household income of $53,750, providing context for the relative tax burden on homeowners in this area.

Lunenburg County's 0.54% local rate is Virginia's only property tax, with no state tax or reassessment requirements at sale. File for Land Use Taxation with the Lunenburg County Assessor if your property is actively farmed or used for agriculture, reducing your tax to use-based value. Elderly (65+) and disabled homeowners should reach out to the Lunenburg County Assessor to apply for circuit breaker relief, which limits your property tax as a percentage of household income.