24150 Property Tax Rate

Property owners in ZIP code 24150 (Ripplemead, Virginia) pay a median of $873/year in property taxes on homes valued at $118,700. This translates to an effective tax rate of 0.74%, which is 9% above the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 24150 is approximately $73, which factors into escrow payments on mortgages. This ZIP code is located within Giles County. This is $1,370 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 24150 has lower property taxes. ZIP codes with similar effective rates include 22959 (0.74%) and 23828 (0.74%).

In Ripplemead, property taxes represent approximately 1.2% of the median household income of $74,167, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax — all assessments are set and collected locally by Giles County, with no statewide reassessment mandate at purchase. Giles County offers a Land Use Taxation program for agricultural land and a circuit breaker tax relief for elderly (65+) and disabled homeowners meeting income limits. Contact the Giles County Assessor's office immediately after purchase to register your property and inquire about eligibility for senior or disabled relief programs.