24501 Property Tax Rate

Property owners in ZIP code 24501 (Lynchburg, Virginia) pay a median of $1,126/year in property taxes on homes valued at $155,800. This translates to an effective tax rate of 0.72%, which is 7% above the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 24501 is approximately $94, which factors into escrow payments on mortgages. This ZIP code is located within Campbell County. This is $1,117 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 24501 has lower property taxes. ZIP codes with similar effective rates include 20117 (0.72%) and 24179 (0.72%).

In Lynchburg, property taxes represent approximately 2.5% of the median household income of $45,305, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax — Campbell County sets all assessments locally without triggering reassessment at purchase. Campbell County provides circuit breaker relief for seniors 65+ and disabled homeowners earning below the county income limit, and preferential Land Use Taxation for agricultural land. Apply for senior, disability, or agricultural relief with the Campbell County Assessor within 30 days of closing.