24471 Property Tax Rate

Property owners in ZIP code 24471 (Port Republic, Virginia) pay a median of $2,076/year in property taxes on homes valued at $347,400. This translates to an effective tax rate of 0.60%, which is 11% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 24471 is approximately $173, which factors into escrow payments on mortgages. This ZIP code is located within Rockingham County.

Compared to similar ZIP codes in Virginia, 24471 has higher property taxes. ZIP codes with similar effective rates include 23841 (0.60%) and 22740 (0.60%).

In Port Republic, property taxes represent approximately 2.0% of the median household income of $103,100, providing context for the relative tax burden on homeowners in this area.

Virginia imposes no state property tax; Rockingham County's 0.69% rate reflects local assessment policy set by the county supervisors. Eligible seniors (65+), disabled persons, and surviving military spouses can claim Circuit Breaker relief through the Rockingham County Assessor's Office — this income-based program caps property tax as a percentage of household income. Submit your application to the Rockingham County Assessor immediately upon purchase to lock in relief for the current tax year.