Pigeon, West Virginia Property Taxes
The median property tax rate in Pigeon, WV is 0.53%, 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 at $67,200, the typical annual property tax bill is $312, which is well below the national median of $2,690. Property taxes in Pigeon are calculated based on the tax assessed value, which often falls below the market value due to 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 substantial 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
0.53%
Estimate Property Tax Bill
$356
Ownwell’s Pigeon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to 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 provide an estimate of your property tax bill. This insightful tool aids in understanding potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value, assigned by Roane County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Pigeon, West Virginia
Property taxes in Pigeon, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pigeon is 0.53%, significantly lower than both the West Virginia state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Pigeon set these rates annually, and they can vary significantly 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 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with Pigeon provides valuable insights into the varying tax landscape across Roane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pigeon Tax Rate
0.53%
Average Roane County Tax Rate
0.53%
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 | 0.29% | 0.38% | 0.53% | 0.53% | 0.53% |
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 Roane County Assessor 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 median home price in Pigeon is $67,200, with tax bills ranging from $184 at the 25th percentile to $608 at the 90th percentile. The zip code 25164 has the highest and lowest median tax bill of $312.
Average Pigeon Assessed Value
$67,200
Average Roane County Assessed Value
$76,300
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 | $11,200 | $30,300 | $67,200 | $99,700 | $135,420 |
Source: Ownwell
Property Tax Bills Across Pigeon, West Virginia
In Pigeon, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the home, and this value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Pigeon, the median home price is $67,200. Property tax bills can vary significantly, with the 25th percentile bill being $184 and the 75th percentile bill reaching $521. The highest median tax bill in the area is $312, found in the 25164 zip code. These taxes fund essential services such as schools, roads, and emergency services, directly impacting the community's quality of life. Homeowners must consider these costs when budgeting for their homes, as property taxes can represent a significant annual expense. Compared to the national median property tax rate of 0.99%, Pigeon's rates can be more manageable for many residents, offering some relief in their financial planning.
Average Pigeon Tax Bill
$312
Average Roane County Tax Bill
$415
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 | $95 | $184 | $312 | $521 | $608 |
Source: Ownwell