Rate Breakdown

Property taxes in Grayson County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Grayson County

Property taxes in Grayson County, Virginia, are based on the assessed value of your property and the current tax rate (millage rate). The county assesses real estate every year at 100% of its fair market value. The local Commissioner of the Revenue oversees assessments, while the Board of Supervisors sets the annual tax rate.

• Assessment Process: Properties are evaluated based on market conditions, recent sales, and property characteristics (e.g., size, location, improvements).
• Millage Rate: Taxes are calculated by multiplying the assessed value by the rate per $100 of value. For example, a $200,000 home taxed at $0.75 per $100 would owe $1,500 annually.

Available Exemptions

Virginia offers several property tax relief programs that may reduce your tax burden in Grayson County:

• Homestead Exemption: While Virginia does not have a traditional homestead exemption, homeowners may qualify for tax deferrals or relief programs based on income.
• Senior Citizen & Disability Exemptions: Residents aged 65+ or permanently disabled may qualify for tax relief if their income falls below county thresholds. Applications must be filed with the Commissioner of the Revenue.
• Veteran Exemptions: Disabled veterans or surviving spouses may receive partial or full exemptions based on disability rating. Documentation from the VA is required.

Payment Schedule & Deadlines

Grayson County property taxes are typically due in two installments:

• First Half: Due by June 5th.
• Second Half: Due by December 5th.

Payments can be made online, by mail, or in person at the Treasurer’s Office. Late payments incur penalties (up to 10% of the owed amount) and interest (1% monthly). Delinquent taxes may result in a lien or eventual auction of the property.

Appealing Your Assessment

If you believe your property is overvalued, you can appeal the assessment:

• Step 1: Contact the Commissioner of the Revenue’s office to request an informal review before the annual deadline (usually in spring).
• Step 2: If unresolved, file a formal appeal with the Grayson County Board of Equalization. Provide evidence (e.g., recent appraisals, comparable sales).
• Step 3: Further appeals can be made to the Virginia Circuit Court within one year of the Board’s decision.

Deadlines and requirements vary, so acting promptly is critical. Consult the county’s website or tax office for specific forms and dates.