24416 Property Tax Rate
Buena Vista, Virginia · Part of Rockbridge County
Effective Tax Rate
0.89%
37.2% below state avgMedian Annual Tax
$1,409
$117/mo escrow
Estimate Your Tax
Annual Tax
$1,409
Monthly
$117
Eff. Rate
0.89%
Buyer decision brief
What ZIP 24416 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$117/mo
Based on median annual tax paid
State context
0.22 percentage points above the Virginia average
Virginia average: 0.67%
Data confidence
High confidenceThe Census margin of error is $122, about 9% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Rockbridge County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 24416 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$122 tax MOE, 9% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County context only
Rockbridge County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 24416
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $158,500, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.89%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Virginia and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $117 per month before insurance, HOA dues, or special assessments.
Assessor verification
Rockbridge County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 24416 Compares
Median Annual Property Tax
ZIP 24416
0.89%
Effective rate
Virginia Avg
0.67%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Virginia
Higher than 83% of ZIP codes in Virginia(83th percentile, 779 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 24416
Property owners in ZIP code 24416 (Buena Vista, Virginia) pay a median of $1,409/year in property taxes on homes valued at $158,500. This translates to an effective tax rate of 0.89%, which is 32% above the Virginia state average of 0.67%.
The monthly property tax burden for a median-valued home in 24416 is approximately $117, which factors into escrow payments on mortgages. This ZIP code is located within Rockbridge County. This is $834 less than the Virginia average of $2,243/year.
Compared to similar ZIP codes in Virginia, 24416 has lower property taxes. ZIP codes with similar effective rates include 24153 (0.89%) and 22213 (0.89%).
In Buena Vista, property taxes represent approximately 2.6% of the median household income of $53,672, providing context for the relative tax burden on homeowners in this area.
If you're considering purchasing a home in 24416, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Rockbridge County's tax assessor directly.
Frequently Asked Questions
What is the property tax rate in ZIP code 24416?
How much are property taxes in Buena Vista, VA (24416)?
How does ZIP 24416 compare to the Virginia average?
What is the median home value in ZIP 24416?
What county is ZIP code 24416 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$122. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 24416 is part of Rockbridge County, Virginia. View the full county profile for broader context and more data.
View Rockbridge County on TaxByCounty →Why compare these ZIPs?
Better comparison set for ZIP 24416
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
24578
Natural Bridge, VA
0.36 percentage points lower than ZIP 24416.
Rate
0.53%
Tax
$1,088
Quality
71
24555
Glasgow, VA
0.32 percentage points lower than ZIP 24416.
Rate
0.57%
Tax
$937
Quality
77
24472
Raphine, VA
0.30 percentage points lower than ZIP 24416.
Rate
0.59%
Tax
$1,410
Quality
77
24439
Goshen, VA
0.30 percentage points lower than ZIP 24416.
Rate
0.59%
Tax
$969
Quality
67
24483
Vesuvius, VA
0.29 percentage points lower than ZIP 24416.
Rate
0.60%
Tax
$1,255
Quality
67
24473
Rockbridge Baths, VA
0.29 percentage points lower than ZIP 24416.
Rate
0.60%
Tax
$1,899
Quality
77
24450
Lexington, VA
0.25 percentage points lower than ZIP 24416.
Rate
0.64%
Tax
$1,889
Quality
82
24435
Fairfield, VA
0.18 percentage points lower than ZIP 24416.
Rate
0.71%
Tax
$1,372
Quality
77
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.