24281 Property Tax Rate

Property owners in ZIP code 24281 (Rose Hill, Virginia) pay a median of $866/year in property taxes on homes valued at $131,300. This translates to an effective tax rate of 0.66%, which is near the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 24281 is approximately $72, which factors into escrow payments on mortgages. This ZIP code is located within Lee County. This is $1,377 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 24281 has higher property taxes. ZIP codes with similar effective rates include 22538 (0.66%) and 23692 (0.66%).

In Rose Hill, property taxes represent approximately 1.6% of the median household income of $52,734, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax — Lee County sets assessments locally with no statewide reassessment policy at sale. Lee County offers circuit breaker relief for seniors 65+ and permanently disabled residents with limited income, plus Land Use rates for agricultural/forest land. File for senior or disability exemptions with the Lee County Assessor immediately after closing to reduce taxable value.