24201 Property Tax Rate

Property owners in ZIP code 24201 (Bristol, Virginia) pay a median of $1,269/year in property taxes on homes valued at $160,700. This translates to an effective tax rate of 0.79%, which is 17% above the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 24201 is approximately $106, which factors into escrow payments on mortgages. This ZIP code is located within Bristol city. This is $974 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 24201 has higher property taxes. ZIP codes with similar effective rates include 23234 (0.79%) and 24086 (0.79%).

In Bristol, property taxes represent approximately 2.9% of the median household income of $43,591, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax — Bristol city conducts local assessments with no automatic reassessment trigger at sale. Bristol offers circuit breaker tax credits for elderly (65+) and disabled residents earning below threshold income, plus Land Use rates for qualifying agricultural property. Contact the Bristol City Assessor's office before the next reassessment cycle to apply for senior or disability relief if you qualify.