Palmyra, VA — income, home value, property tax, and sales tax.
Households in ZIP code 23055, near Palmyra, earn a median of $54,082, while per-capita income reaches $40,114. That places the area in middle-income territory, though home values sit lower than the income figures might imply: the median property is worth $169,600. Property taxes run at an effective rate of 0.63% at the county level, and the combined sales tax rate is 5.30%. Together these rates keep the overall tax load fairly contained for a community at this income level, whether someone owns a home or rents.
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