24314 Property Tax Rate

Property owners in ZIP code 24314 (Bastian, Virginia) pay a median of $776/year in property taxes on homes valued at $158,200. This translates to an effective tax rate of 0.49%, which is 27% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 24314 is approximately $65, which factors into escrow payments on mortgages. This ZIP code is located within Bland County. This is $1,467 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 24314 has higher property taxes. ZIP codes with similar effective rates include 24523 (0.49%) and 22952 (0.49%).

In Bastian, property taxes represent approximately 1.2% of the median household income of $62,250, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax — Bland County conducts all assessments locally without requiring reassessment at sale. Bland County offers circuit breaker credits for seniors 65+ and permanently disabled residents with limited income, and Land Use Taxation for agricultural property. File for relief programs with the Bland County Assessor immediately after closing to determine your eligibility for tax credits.