Property Taxes in Whitetop, Virginia
Median Whitetop, 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 Whitetop, Virginia home value: $90,600
Median annual Whitetop, Virginia tax bill: $512, $1,888 lower than the national median property tax bill of $2,400.
How are property taxes in Grayson calculated?
Property taxes in Whitetop, 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 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 April 13, 2026
How Does the Whitetop Property Tax Calculator Work?
Use this Whitetop property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Whitetop'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 appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Whitetop'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 Whitetop: rates range from 0.54% in 24292 to 0.54% in 24292, 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 Whitetop.
About Whitetop Property Taxes
About Property Taxes in Whitetop, Grayson, Virginia
Whitetop’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 Whitetop. Homeowners in the 24292 ZIP code carry a median effective rate of 0.54%, while those in the same ZIP also pay 0.54%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Grayson County. Understanding which part of Whitetop you live in can make a meaningful difference to your annual tax bill.
Whitetop 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 Whitetop, 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 Whitetop'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 Ă· 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%
Our median effective property tax rate (tax bill Ă· 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
1.27%
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, 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 assessment office 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 spring.
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. Zip code 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
$274,101
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
Property tax bills in Whitetop are based on the assessed value of a home and the local tax rate set for Grayson County. The assessed value is tied to the market value of the property, so when home values change, the tax bill can change too. For a home with a median price of $90,600, the bill can vary widely depending on the property’s assessment and any local exemptions that apply.
Homeowners in Whitetop may see bills that are much lower or higher than the median depending on where their property falls within the local range. The 25th percentile tax bill is $302, while the 75th percentile is $900 and the 90th percentile is $1,467. That means two homes with similar market values can still face different tax bills if their assessments differ.
Because property taxes are a recurring cost, they can have a meaningful impact on monthly housing expenses and long-term affordability for homeowners.
Median Whitetop Tax Bill
$512
Median Grayson County Tax Bill
$602
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
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
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 1 |
Links | |
|---|---|
| Grayson Tax Assessor | |
| Website | gis.vgsi.com |