24363 Property Tax Rate

Property owners in ZIP code 24363 (Mouth Of Wilson, Virginia) pay a median of $905/year in property taxes on homes valued at $115,400. This translates to an effective tax rate of 0.78%, which is 16% above the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 24363 is approximately $75, which factors into escrow payments on mortgages. This ZIP code is located within Grayson County. This is $1,338 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 24363 has lower property taxes. ZIP codes with similar effective rates include 22101 (0.78%) and 23234 (0.79%).

In Mouth Of Wilson, property taxes represent approximately 1.8% of the median household income of $50,938, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax — Grayson County conducts local assessments with no statewide reassessment rule at purchase. Grayson County provides circuit breaker relief for seniors 65+ and disabled homeowners with qualifying income, plus Land Use Taxation for farm and forest property. File for relief programs with the Grayson County Assessor within 30 days of closing to secure your tax classification.