24649 Property Tax Rate

Property owners in ZIP code 24649 (Swords Creek, Virginia) pay a median of $515/year in property taxes on homes valued at $94,400. This translates to an effective tax rate of 0.55%, which is 19% below the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 24649 is approximately $43, which factors into escrow payments on mortgages. This ZIP code is located within Russell County. This is $1,728 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 24649 has lower property taxes. ZIP codes with similar effective rates include 23821 (0.55%) and 22534 (0.55%).

In Swords Creek, property taxes represent approximately 1.3% of the median household income of $38,940, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 24649, 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 Russell County's tax assessor directly.