Whitetop, Grayson County, Virginia Property Taxes

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

Median Whitetop, VA effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median Whitetop, VA home value: $90,600
Median annual Whitetop, VA tax bill: $711, $1,689 lower than the national median property tax bill of $2,400.

How are property taxes in Grayson County calculated?

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

Last Updated March 1, 2025

Whitetop, 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

$489

$454

Ownwell’s Whitetop Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Whitetop with just two data points. By entering your property's estimated assessed value, our calculator applies Whitetop’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 Whitetop, Grayson County, Virginia

Local government entities in Whitetop, located in Grayson County, Virginia, set property tax rates, which can vary widely within the state. Annually, each county estimates its required budget to provide services like education, public safety, and infrastructure maintenance. This budget is then divided by the total assessed value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

Whitetop's effective property tax rate is 0.74%, which aligns with the highest and lowest median tax rates in Virginia. This rate is notably lower than the national median property tax rate of 1.02%. This means that property owners in Whitetop benefit from relatively lower property tax bills compared to the national average, where the median bill is $2400. Such favorable rates can be an attractive factor for property owners and potential buyers in the area, offering a financial advantage while still supporting essential community services.

Property Tax Rates Across Whitetop, 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 Whitetop 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 Whitetop, Grayson County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24292	0.54%	0.54%	0.54%	0.54%	0.54%

Source: Ownwell

Property Tax Assessment Values Across Whitetop, Grayson County, Virginia

When examining property taxes in Whitetop, 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 Whitetop. For example, the median home price in Whitetop is $90,600, with tax bills ranging significantly across the county. 24292 has the highest median home price at $90,600.

Property Tax Assessment Values Across Whitetop, Grayson County, Virginia

Source: Ownwell

$77,300

$110,650

$144,000

Median Whitetop Market Value

$90,600

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 Whitetop, Grayson County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24292	$28,100	$50,300	$90,600	$156,000	$258,870

Source: Ownwell

Property Tax Bills Across Whitetop, Grayson County, Virginia

In Whitetop, located in Grayson County, VA, property tax bills are calculated based on the assessed value of a home, which reflects its market value. With a median home price of $90,600, homeowners can expect varying tax bills depending on their property's assessment. The tax bill at the 25th percentile is $472, while at the 75th percentile, it rises to $1,075, and at the 90th percentile, it reaches $1,648. The median tax bill in this region is $711, which is significantly lower than the national median of $2,400. These figures indicate that homeowners in Whitetop generally pay less than the national average. However, understanding the factors that influence these assessments, such as property improvements and neighborhood changes, is crucial for homeowners. By partnering with Ownwell, homeowners can benefit from expert property tax appeal services, potentially reducing their tax burden. Ownwell's expertise in navigating the complexities of property tax assessments ensures that homeowners pay only their fair share, maximizing their savings.

Property Tax Bills Across Whitetop, Grayson County, Virginia

Source: Ownwell

$419

$599

$778

Median Whitetop Tax Bill

$512

Median Grayson County Tax Bill

$602

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Whitetop, Grayson County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24292	$164	$302	$512	$900	$1,467

Source: Ownwell