24340 Property Tax Rate

Property owners in ZIP code 24340 (Glade Spring, Virginia) pay a median of $998/year in property taxes on homes valued at $174,500. This translates to an effective tax rate of 0.57%, which is 15% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 24340 is approximately $83, which factors into escrow payments on mortgages. This ZIP code is located within Washington County. This is $1,245 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 24340 has higher property taxes. ZIP codes with similar effective rates include 24271 (0.57%) and 24554 (0.57%).

In Glade Spring, property taxes represent approximately 1.6% of the median household income of $64,050, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax — Washington County determines all assessments locally without statewide reassessment rules at closing. Washington County provides a circuit breaker credit for seniors 65+ and disabled owners with income under the county threshold, and Land Use Taxation for farm/forest parcels. Visit the Washington County Assessor to apply for relief programs and confirm your assessed value is accurate within 30 days of purchase.