24072 Property Tax Rate

Property owners in ZIP code 24072 (Check, Virginia) pay a median of $1,018/year in property taxes on homes valued at $221,100. This translates to an effective tax rate of 0.46%, which is 32% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 24072 is approximately $85, which factors into escrow payments on mortgages. This ZIP code is located within Floyd County. This is $1,225 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 24072 has higher property taxes. ZIP codes with similar effective rates include 23336 (0.46%) and 24185 (0.46%).

In Check, property taxes represent approximately 1.1% of the median household income of $91,563, providing context for the relative tax burden on homeowners in this area.

Floyd County's 0.46% local rate is your only property tax in Virginia, which has no state tax or sale-triggered reassessment. Agricultural landowners should apply for Land Use Taxation through the Floyd County Assessor to be taxed on farming use value rather than market value. Disabled and elderly (65+) homeowners should contact the Floyd County Assessor to apply for circuit breaker relief, which can significantly reduce your annual property tax if your income meets program thresholds.