24901 Property Tax Rate

Property owners in ZIP code 24901 (Lewisburg, West Virginia) pay a median of $1,209/year in property taxes on homes valued at $243,700. This translates to an effective tax rate of 0.50%, which is 8% below the West Virginia state average of 0.54%.

The monthly property tax burden for a median-valued home in 24901 is approximately $101, which factors into escrow payments on mortgages. This ZIP code is located within Greenbrier County. This is $548 more than the West Virginia average of $661/year.

Compared to similar ZIP codes in West Virginia, 24901 has higher property taxes. ZIP codes with similar effective rates include 26678 (0.49%) and 25202 (0.49%).

In Lewisburg, property taxes represent approximately 2.3% of the median household income of $52,539, providing context for the relative tax burden on homeowners in this area.

West Virginia reassesses property at fair market value when sold, with no state-level homestead exemption or cap on increases — Greenbrier County's $243,700 median home will be reappraised at purchase price. A Senior Homestead Exemption program exists for residents 65+ meeting income and residency thresholds; the Greenbrier County Assessor's office administers applications and sets local limits. Contact the Greenbrier County Assessor after closing to request a Senior Homestead Exemption application if you are 65 or older and have owned your primary residence for the required period.