Pigeon, West Virginia Property Taxes
The median property tax rate in Pigeon, WV is 0.14%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Pigeon, the typical annual property tax bill reaches $155, far below the national median of $2,690. Property taxes in Pigeon are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pigeon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pigeon or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pigeon, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.14%
Estimate Property Tax Bill
$41
Ownwell’s Pigeon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pigeon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pigeon to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Pigeon, West Virginia
Property taxes in Pigeon, West Virginia, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Pigeon is 0.58%, which is significantly higher than the West Virginia state median of 0.55% but still below the U.S. national median of 0.99%. Local government entities within Pigeon set these rates annually, and they can vary considerably across different neighborhoods. Each year, Pigeon estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Pigeon's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25164 zip code has the highest median property tax rate of 0.58%, while the 25045 zip code has the lowest median tax rate of 0.55%. Understanding how these cities compare with Pigeon provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pigeon Tax Rate
0.14%
Average Clay County Tax Rate
0.42%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pigeon, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25164 | 0.14% | 0.14% | 0.14% | 0.14% | 0.14% |
Source: Ownwell
Property Tax Assessment Values Across Pigeon, West Virginia
In Pigeon, West Virginia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Pigeon, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Pigeon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $155 in the 25164 zip code, while the lowest median tax bill is also $155 in the same zip code.
Average Pigeon Assessed Value
$29,100
Average Clay County Assessed Value
$39,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pigeon, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25164 | $8,520 | $21,300 | $29,100 | $35,000 | $44,360 |
Source: Ownwell
Property Tax Bills Across Pigeon, West Virginia
In Pigeon, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Pigeon can expect their property tax bills to vary significantly, depending on the value of their homes. For instance, the median home price in Pigeon is $29,100. Tax bills in Pigeon range from the 25th percentile at $114 to the 90th percentile at $222, with the highest median tax bill recorded at $155. These figures are relatively low compared to the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood developments, and changes in local tax rates can influence the assessed value and, consequently, the tax bill. For homeowners, understanding these factors is crucial as they directly impact annual expenses and the overall affordability of owning property in Pigeon.
Average Pigeon Tax Bill
$155
Average Clay County Tax Bill
$172
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Pigeon, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25164 | $89 | $114 | $155 | $197 | $222 |
Source: Ownwell