Property Taxes in Grimstead, Virginia
Median Grimstead, Virginia effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Grimstead, Virginia home value: $238,000
Median annual Grimstead, Virginia tax bill: $1,333, lower than the national median property tax bill of $2,400.
How are property taxes in Mathews calculated?
Property taxes in Grimstead, 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 Grimstead's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grimstead, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Grimstead Property Tax Calculator Work?
Use this Grimstead property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Grimstead's median effective tax rate of 0.56% — based on actual property records in Mathews County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Grimstead'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 Grimstead: rates are 0.56% in 23064, with no variation across the area. Compared with the 0.90% Virginia median tax rate and the 1.02% national median property tax rate, Grimstead's rate is lower. The $1,333 median property tax bill is also lower than the national median property tax bill of $2,400 and lower than Virginia by $1,067.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Grimstead.
About Grimstead Property Taxes
About Property Taxes in Grimstead, Mathews, Virginia
Grimstead’s median effective property tax rate of 0.56% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Mathews 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 Grimstead. Homeowners in the 23064 ZIP code carry a median effective rate of 0.56%, while those in 23064 pay 0.56%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Mathews County. Understanding which part of Grimstead you live in can make a meaningful difference to your annual tax bill.
Grimstead homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 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 Grimstead, Mathews 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 Grimstead'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 Grimstead Tax Rate
0.56%
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 Mathews County Tax Rate
0.56%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Grimstead, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23064 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Grimstead, Mathews County, Virginia
When examining property taxes in Grimstead, 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 Mathews 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 Mathews County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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. For example, the median home price in Grimstead is $238,000, with a median tax bill of $1,333. Tax bills range from $756 at the 25th percentile to $3,164 at the 90th percentile, which is below the national median property tax rate of 1.02% and national median property tax bill of $2,400.
Property Tax Assessment Values Across Grimstead, Mathews County, Virginia
Source: Ownwell
$179,500
$271,850
$364,200
Median Grimstead Market Value
$238,000
Median Mathews County Market Value
$239,800
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Grimstead, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23064 | $69,160 | $134,950 | $238,000 | $393,900 | $565,000 |
Source: Ownwell
Property Tax Bills Across Grimstead, Mathews County, Virginia
Property tax bills in Grimstead are based on the assessed value of a home and the local tax rate set by Mathews County. When a property’s market value changes, the assessed value can change too, which affects the bill homeowners receive. For a home with a median value of $238,000, the tax bill can vary widely depending on the property’s assessment and any local exemptions or adjustments that apply.
In Grimstead, the typical tax burden is lower than many homeowners see nationwide, where the median property tax bill is $2,400. The tax bill at the 25th percentile is $756, while the 75th percentile reaches $2,206 and the 90th percentile climbs to $3,164. The median tax bill in the area is $1,333, showing how much the amount can differ from one homeowner to another. These differences matter because property taxes are a recurring cost, and even small changes in assessed value can affect monthly housing affordability and long-term ownership expenses.
Median Grimstead Tax Bill
$1,333
Median Mathews County Tax Bill
$1,334
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Grimstead, Mathews County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23064 | $387 | $756 | $1,333 | $2,206 | $3,164 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 1 |
Links | |
|---|---|
| Mathews Tax Assessor | |
| Website | eservices-mathews.com |