Palmyra, VA — income, home value, property tax, and sales tax.
In ZIP 23093, near Palmyra, homes carry a median value of $292,800, and the county's 0.60% effective property tax rate translates to roughly $1,757 a year on a home at that price. With median household income at $72,798 and per-capita income at $41,072, that annual tax bill equals about 2.4% of household earnings. A 5.30% combined sales tax applies to purchases. Buyers weighing a move here should note that the gap between the area's home prices and its income levels shapes how much of a monthly payment taxes will consume.
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