Mouth Of Wilson, Grayson County, Virginia Property Taxes

Name: Property Tax Bills Across Mouth Of Wilson, Grayson County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Mouth of Wilson, VA effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Mouth of Wilson, VA home value: $135,250
Median annual Mouth of Wilson, VA tax bill: $946, $1,454 lower than the national median property tax bill of $2,400.

How are property taxes in Grayson calculated?

Property taxes in Mouth of Wilson, VA 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 Mouth of Wilson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mouth of Wilson, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mouth Of Wilson, Grayson County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.54%

Estimate Property Tax Bill

$728

$675

Ownwell’s Mouth of Wilson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mouth of Wilson with just two data points. By entering your property's estimated assessed value, our calculator applies Mouth of Wilson’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Grayson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mouth Of Wilson, Grayson County, Virginia

Local government entities are responsible for setting tax rates, which can vary significantly across a state. This is because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although the process involves votes and laws to set tax rates and budgets, this is the core of how it works each year.

In Mouth of Wilson in Grayson County, Virginia, the effective property tax rate is 0.68%. This rate is notably lower than the national median property tax rate of 1.02%. In fact, the property tax rate in Mouth of Wilson is consistent across the entire county, with no variation between different areas. When compared to the national median property tax bill of $2,400, residents in this region benefit from a lower tax burden. This comparison highlights the relatively favorable property tax situation in Mouth of Wilson and Grayson County compared to other parts of the country.

Property Tax Rates Across Mouth Of Wilson, Grayson County, Virginia

Source: Ownwell

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 Mouth Of Wilson Tax Rate

0.54%

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 Mouth Of Wilson, Grayson County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24363	0.54%	0.54%	0.54%	0.54%	0.54%

Source: Ownwell

Property Tax Assessment Values Across Mouth Of Wilson, Grayson County, Virginia

When examining property taxes in Mouth of Wilson, VA, 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. In Grayson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Mouth of Wilson. For example, the median home price in Mouth of Wilson is $135,250, with tax bills ranging significantly across the county. 24363 has the highest median home price at $135,250.

Property Tax Assessment Values Across Mouth Of Wilson, Grayson County, Virginia

Source: Ownwell

$77,300

$110,650

$144,000

Median Mouth Of Wilson Market Value

$134,800

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 Mouth Of Wilson, Grayson County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24363	$40,530	$77,900	$134,800	$215,975	$352,210

Source: Ownwell

Property Tax Bills Across Mouth Of Wilson, Grayson County, Virginia

Property tax bills in Mouth of Wilson, located in Grayson County, VA, are determined by the assessed value of a property and the local tax rate. The median home price in this area is $135,250, and the property tax rate is applied to this assessed value to calculate the tax bill. In Grayson County, the median property tax bill is $946, which is significantly lower than the national median property tax bill of $2400. Homeowners in this region pay less in property taxes compared to the national average, which can be attributed to a combination of lower property values and tax rates. However, property taxes can still be a burden for some homeowners, particularly those whose tax bills fall into the higher percentiles, such as the 90th percentile where bills can reach $2119. Ownwell offers services to help homeowners in Mouth of Wilson reduce their property tax bills by appealing their property assessments and securing exemptions, ensuring they only pay what is fair and potentially saving them money.

Property Tax Bills Across Mouth Of Wilson, Grayson County, Virginia

Source: Ownwell

$419

$599

$778

Median Mouth Of Wilson Tax Bill

$740

Median Grayson County Tax Bill

$602

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Mouth Of Wilson, Grayson County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24363	$219	$416	$740	$1,189	$1,921

Source: Ownwell