24464 Property Tax Rate

Property owners in ZIP code 24464 (Montebello, Virginia) pay a median of $3,250/year in property taxes on homes valued at $562,500. This translates to an effective tax rate of 0.58%, which is 14% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 24464 is approximately $271, which factors into escrow payments on mortgages. This ZIP code is located within Nelson County. This is $1,007 more than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 24464 has higher property taxes. ZIP codes with similar effective rates include 22623 (0.58%) and 22737 (0.58%).

In Montebello, property taxes represent approximately 9.4% of the median household income of $34,549, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax; Nelson County's 0.60% rate is set entirely by local county government. Seniors (65+), disabled persons, and surviving military spouses are eligible for the Circuit Breaker tax relief program, which adjusts liability based on household income — apply through the Nelson County Assessor's Office. File your application before the next reassessment cycle to ensure benefits take effect on your property in the current year.