24938 Property Tax Rate

Property owners in ZIP code 24938 (Frankford, West Virginia) pay a median of $600/year in property taxes on homes valued at $172,500. This translates to an effective tax rate of 0.35%, which is 35% below the West Virginia state average of 0.54%.

The monthly property tax burden for a median-valued home in 24938 is approximately $50, which factors into escrow payments on mortgages. This ZIP code is located within Greenbrier County.

Compared to similar ZIP codes in West Virginia, 24938 has higher property taxes. ZIP codes with similar effective rates include 25969 (0.35%) and 26847 (0.35%).

In Frankford, property taxes represent approximately 0.8% of the median household income of $78,216, 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.