24326 Property Tax Rate

Property owners in ZIP code 24326 (Elk Creek, Virginia) pay a median of $920/year in property taxes on homes valued at $155,400. This translates to an effective tax rate of 0.59%, which is 12% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 24326 is approximately $77, which factors into escrow payments on mortgages. This ZIP code is located within Grayson County. This is $1,323 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 24326 has higher property taxes. ZIP codes with similar effective rates include 24439 (0.59%) and 22846 (0.59%).

In Elk Creek, property taxes represent approximately 2.5% of the median household income of $36,375, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax — Grayson County conducts local assessments with no statewide reassessment rule at purchase. Grayson County provides circuit breaker relief for seniors 65+ and disabled homeowners with qualifying income, plus Land Use Taxation for farm and forest property. File for relief programs with the Grayson County Assessor within 30 days of closing to secure your tax classification.