24354 Property Tax Rate

Property owners in ZIP code 24354 (Marion, Virginia) pay a median of $862/year in property taxes on homes valued at $142,100. This translates to an effective tax rate of 0.61%, which is 10% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 24354 is approximately $72, which factors into escrow payments on mortgages. This ZIP code is located within Smyth County. This is $1,381 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 24354 has higher property taxes. ZIP codes with similar effective rates include 22937 (0.61%) and 22407 (0.61%).

In Marion, property taxes represent approximately 2.0% of the median household income of $42,076, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax — Smyth County performs all assessments locally without reassessment at sale. Smyth County offers circuit breaker credits for seniors 65+ and permanently disabled residents below income threshold, and preferential Land Use Taxation for agricultural land. Apply for senior or disability relief with the Smyth County Assessor immediately after purchase to reduce your assessed value.