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Updated 2025 Tax Year

Grayson County
Property Tax Guide

Everything you need to know about property taxes in Grayson County, VA. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Quick Facts
Tax Rate
Set annually by Board of Supervisors, varies by special taxing districts within county
1st Due
Dec 5
2nd Due
Jun 5
Exemptions
1+ Available
Section 1

How Property Tax Works

Grayson County, Virginia operates on an annual property tax system that serves as a primary funding source for essential county services including schools, public safety, infrastructure maintenance, and general government operations. Property taxes are assessed based on fair market value as determined by the County Assessor, with real estate taxes due December 5th annually and personal property taxes due June 5th.

The property tax system in Grayson County follows Virginia state guidelines with local variations. Tax rates are set annually by the Board of Supervisors, and the actual tax burden can vary depending on your specific location within the county due to special taxing districts and assessments. Property owners should note that most tax credits and exemptions require formal application and are not automatically applied to your tax bill.

Section 2

What Makes Up Your Tax Bill

The tax rates for Grayson County are established annually by the Board of Supervisors. Based on available data:

ComponentRateDescription
Base Real Estate TaxTBDSet annually by Board of Supervisors for FY 2025
Personal Property TaxTBDApplied to vehicles and other personal property
Special District AssessmentsVariesAdditional charges may apply based on location

Note: The FY 2025 tax rates have not yet been finalized by the Board of Supervisors. Historical data shows general property tax revenues of approximately $14.1 million budgeted for FY 2025. Tax rates and special assessments can vary by location within the county depending on applicable special taxing districts.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Grayson County, property taxes are due in two installments:

First Installment
Dec 5
Delinquent after Dec 10
Second Installment
Jun 5
Delinquent after Apr 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Grayson County are additional property tax assessments that occur when there are changes to property ownership or improvements made to existing properties. These taxes are triggered by events such as new construction, major renovations, or changes in property ownership that result in a reassessment of the property's value.

When a supplemental assessment is issued, it covers the period from when the change occurred until the end of the current tax year. For example, if you complete a home addition in March and the improvement adds $50,000 to your assessed value, you would be responsible for paying taxes on that additional $50,000 for the remaining months of the tax year. The supplemental tax bill is calculated by applying the current tax rate to the increased assessed value, prorated for the remaining months in the fiscal year.

Example Calculation

Below are estimated property tax calculations for three different assessed values. Note: Final FY 2025 tax rates are pending Board of Supervisors approval.

$300,000 Assessed Value:

  • Assessed Value: $300,000
  • Less: Available Tax Credits (if applied for): $0 - $5,000
  • Net Taxable Value: $295,000 - $300,000
  • Estimated Annual Tax (at ~1% rate): $2,950 - $3,000
  • Estimated Monthly Escrow: $246 - $250

$600,000 Assessed Value:

  • Assessed Value: $600,000
  • Less: Available Tax Credits (if applied for): $0 - $5,000
  • Net Taxable Value: $595,000 - $600,000
  • Estimated Annual Tax (at ~1% rate): $5,950 - $6,000
  • Estimated Monthly Escrow: $496 - $500

$1,000,000 Assessed Value:

  • Assessed Value: $1,000,000
  • Less: Available Tax Credits (if applied for): $0 - $5,000
  • Net Taxable Value: $995,000 - $1,000,000
  • Estimated Annual Tax (at ~1% rate): $9,950 - $10,000
  • Estimated Monthly Escrow: $829 - $833

Tax credits shown require formal application and eligibility verification. Actual rates may vary based on special district assessments in your area.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Grayson County require borrowers to maintain an escrow account for property tax payments. Your lender collects monthly deposits equal to approximately 1/12th of your estimated annual property tax bill, plus a small cushion as allowed by federal law. These funds are held in your escrow account until the tax due dates.

For real estate taxes due December 5th, your lender will typically make the payment directly to the Grayson County Treasurer's Office on your behalf. Personal property taxes due June 5th may or may not be included in your mortgage escrow, depending on your lender's policy. Property owners should verify with their mortgage servicer whether personal property taxes are included in their escrow payments. You can make payments directly at the Treasurer's Office or check for online payment options if your personal property taxes are not escrowed.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Grayson County? A: Real estate taxes are due December 5, 2025, and personal property taxes (including vehicle fees) are due June 5, 2025.

Q: What tax credits are available and do they apply automatically? A: Virginia offers various tax credits including elderly/disabled tax relief and veterans' exemptions, but these require formal application through the Commissioner of Revenue. Credits are not automatically applied and must be renewed as required by law.

Q: How does the Homestead exemption work? A: Homestead programs in Virginia typically limit annual assessment increases rather than reducing market value. These programs require application and income verification. Contact the Grayson County Assessor for specific eligibility requirements and application procedures.

Q: How often are properties reassessed? A: Virginia Code requires Grayson County to conduct general reassessments every six years, with annual updates as market conditions warrant.

Q: What are the penalties for late payment? A: Late payment penalties and interest charges apply to overdue property taxes. Contact the Treasurer's Office for current penalty rates and payment arrangements.

Q: Can I pay my taxes online? A: Check with the Grayson County Treasurer's Office for current online payment options and accepted payment methods.

Q: How do I appeal my property assessment? A: Property assessment appeals must be filed with the Board of Equalization. Contact the Commissioner of Revenue for appeal forms and deadlines.

Q: Do special districts affect my tax bill? A: Yes, additional assessments may apply based on your property's location within special taxing districts. These can include fire districts, water/sewer districts, or other special services.

Q: Where do I apply for tax credits or exemptions? A: Applications for tax credits and exemptions should be filed with the Commissioner of Revenue or Director of Finance. Most applications have annual deadlines and require income or eligibility verification.

Q: What happens if I disagree with a supplemental tax assessment? A: Supplemental assessments can be appealed through the same process as regular assessments. Contact the Assessor's office within the specified timeframe to initiate an appeal.

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