Fries, Grayson County, Virginia Property Taxes
Property Taxes in Fries, Virginia
Median Fries, Virginia effective property tax rate: 0.54%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Fries, Virginia home value: $77,300
Median annual Fries, Virginia tax bill: $419, $1,981 lower than the national median property tax bill of $2,400.
How are property taxes in Grayson calculated?
Property taxes in Fries, Virginia are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Fries's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fries, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Fries, Grayson County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.54%
Estimate Property Tax Bill
$417
$387
How Does the Fries Property Tax Calculator Work?
Use this Fries property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Fries's median effective tax rate of 0.54% — based on actual property records in Grayson County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Fries's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Fries: rates are 0.54% in 24330, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Fries.
About Fries Property Taxes
About Property Taxes in Fries, Grayson, Virginia
Fries’s median effective property tax rate of 0.54% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Grayson County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Fries. Homeowners in ZIP code 24330 carry a median effective rate of 0.54%, while those in the lowest ZIP code also pay 0.54%. This means there is no spread across the city, but school district boundaries and local assessment districts can still shape what homeowners owe in other parts of Grayson County.
Fries homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the January 1, 1900 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Fries, Grayson County, Virginia
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Fries's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Fries Tax Rate
0.54%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Grayson County Tax Rate
0.54%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fries, Grayson County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24330 | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Fries, Grayson County, Virginia
When examining property taxes in Fries, Virginia, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Grayson County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Grayson County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Fries.
For example, the median home price in Fries is $77,300, with tax bills ranging significantly across the county. 24330 has the highest median home price at $77,300.
Property Tax Assessment Values Across Fries, Grayson County, Virginia
Source: Ownwell
$77,300
$110,650
$144,000
Median Fries Market Value
$77,300
Median Grayson County Market Value
$108,700
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fries, Grayson County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24330 | $22,280 | $48,900 | $77,300 | $125,800 | $208,580 |
Source: Ownwell
Property Tax Bills Across Fries, Grayson County, Virginia
Property tax bills in Fries are based on the assessed value of a home and the local tax rate set for Grayson County. When a property is valued, that assessment is used to calculate the annual bill, so homes with higher assessed values generally owe more. Local tax rates and any exemptions or special circumstances can also affect the final amount a homeowner pays.
With a median home price of $77,300, property taxes in Fries can still vary widely from one household to another. The 25th percentile tax bill is $269, while the 75th percentile is $704 and the 90th percentile reaches $1,194. The median tax bill in ZIP code 24330 is $419.
For homeowners, this means property taxes can be a meaningful part of housing costs, especially when assessed values rise. Understanding how the bill is calculated can help homeowners better anticipate what they owe each year.
Median Fries Tax Bill
$419
Median Grayson County Tax Bill
$602
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400
Property Tax Bills Across Fries, Grayson County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24330 | $126 | $269 | $419 | $704 | $1,194 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 1 |
Links | |
|---|---|
| Grayson Tax Assessor | |
| Website | gis.vgsi.com |