24562 Property Tax Rate

Property owners in ZIP code 24562 (Howardsville, Virginia) pay a median of $1,851/year in property taxes on homes valued at $285,600. This translates to an effective tax rate of 0.65%, which is 4% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 24562 is approximately $154, which factors into escrow payments on mortgages. This ZIP code is located within Buckingham County. This is $392 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 24562 has lower property taxes. ZIP codes with similar effective rates include 24630 (0.65%) and 22923 (0.65%).

In Howardsville, property taxes represent approximately 3.1% of the median household income of $60,125, providing context for the relative tax burden on homeowners in this area.

Virginia imposes no state property tax — only local county assessments; Buckingham County's 0.42% rate is set by local government. The Circuit Breaker relief program offers tax reductions for seniors (65+), disabled persons, and surviving military spouses based on household income; apply to the Buckingham County Assessor's Office with proof of age or disability and income documentation. Contact the Buckingham County Assessor immediately to file so benefits apply to your property in the current year.