ZIP Code 24061

In ZIP code 24061, part of the Blacksburg area, per-capita income stands at $5,031, while the county-level effective property tax rate is 0.74%. That rate applies to whatever a home is worth, so the actual tax bill scales directly with property value rather than with earnings. A resident earning the per-capita figure would owe $74 annually for every $10,000 of assessed home value, a share that grows quickly as values climb. Combined with a 5.30% sales tax rate, housing and everyday purchases together draw heavily on a limited income in this ZIP.