24219 Property Tax Rate

Property owners in ZIP code 24219 (Big Stone Gap, Virginia) pay a median of $860/year in property taxes on homes valued at $161,300. This translates to an effective tax rate of 0.53%, which is 21% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 24219 is approximately $72, which factors into escrow payments on mortgages. This ZIP code is located within Wise County. This is $1,383 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 24219 has higher property taxes. ZIP codes with similar effective rates include 24137 (0.53%) and 22969 (0.53%).

In Big Stone Gap, property taxes represent approximately 1.6% of the median household income of $52,303, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax — Wise County conducts all assessments locally and does not mandate reassessment upon sale. Wise County offers circuit breaker relief for elderly (65+) and permanently disabled residents with qualifying income, plus preferential Land Use Taxation for agricultural property. File for senior or disability relief with the Wise County Assessor's office immediately after closing to reduce your annual tax burden.