24054 Property Tax Rate

Property owners in ZIP code 24054 (Axton, Virginia) pay a median of $661/year in property taxes on homes valued at $123,200. This translates to an effective tax rate of 0.54%, which is 20% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 24054 is approximately $55, which factors into escrow payments on mortgages. This ZIP code is located within Henry County. This is $1,582 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 24054 has lower property taxes. ZIP codes with similar effective rates include 23944 (0.54%) and 24065 (0.54%).

In Axton, property taxes represent approximately 1.1% of the median household income of $57,668, providing context for the relative tax burden on homeowners in this area.

Henry County's 0.54% local rate is your only property tax in Virginia, which has no state tax or sale-triggered reassessment. Agricultural property owners should file for Land Use Taxation through the Henry County Assessor to be taxed on farming use value rather than market value. Seniors 65+ and disabled residents should contact the Henry County Assessor to determine circuit breaker relief eligibility, which can substantially limit your annual property tax based on income.