Fries, Grayson County, Virginia Property Taxes
Median Fries, 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 Fries, VA home value: $76,900
Median annual Fries, VA tax bill: $593, $1,807 lower than the national median property tax bill of $2,400.
How are property taxes in Grayson calculated?
Property taxes in Fries, 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 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 March 1, 2025
Fries, Grayson County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$569
$528
Property Tax Rates Across Fries, Grayson County, Virginia
Local government entities set tax rates, which can vary widely within a state. This variation occurs 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 votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Fries, situated in Grayson County, Virginia, the effective property tax rate provides an interesting comparison to other cities within the state and against broader national figures. Virginia's median property tax rate is notably lower than the national median of 1.02%. This means that homeowners in Fries benefit from lower property tax rates compared to many other regions across the country. Such favorable tax rates can make Fries an attractive location for property owners, potentially easing the financial burden associated with property ownership. Understanding these nuances in property tax rates is crucial for homeowners looking to make informed decisions about their investments.
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
0.74%
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
0.70%
Median Effective Virginia Tax Rate
0.89%
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% | 0.74% | 0.93% | 1.31% |
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.
In Grayson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 $76,900, with tax bills ranging significantly across the county. Zip code 24330 has the highest median home price at $76,900.
Property Tax Assessment Values Across Fries, Grayson County, Virginia
Source: Ownwell
$76,900
$110,250
$143,600
Median Fries Market Value
$76,900
Median Grayson County Market Value
$108,800
Median Virginia Market Value
$298,700
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 | $22,200 | $48,200 | $76,900 | $125,500 | $209,900 |
Source: Ownwell
Property Tax Bills Across Fries, Grayson County, Virginia
Median Fries Tax Bill
$593
Median Grayson County Tax Bill
$785
Median Virginia Tax Bill
$2,608
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 | $295 | $400 | $593 | $864 | $1,316 |
Source: Ownwell