Pipestem, West Virginia Property Taxes
The median property tax rate in Pipestem, WV is 0.68%, which is lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Pipestem at $78,200, the typical annual property tax bill is $474, significantly less than the national median of $2,690. Property taxes in Pipestem are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Pipestem'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 Pipestem 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
Pipestem, West Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Pipestem Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pipestem with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pipestem 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 Pipestem, West Virginia
Property taxes in Pipestem, West Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pipestem is 0.68%, which is lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Pipestem set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pipestem 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 Pipestem's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 25979 has both the highest and lowest median property tax rate of 0.68%. Understanding how these areas compare with Pipestem provides valuable insights into the varying tax landscape across Summers County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pipestem Tax Rate
0.68%
Average Mercer County Tax Rate
0.68%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pipestem, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25979 | 0.43% | 0.51% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Pipestem, West Virginia
In Pipestem, 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 Mercer 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 Pipestem, 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 Pipestem helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $474.00, found in the zip code 25979.
Average Pipestem Assessed Value
$78,200
Average Mercer County Assessed Value
$60,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pipestem, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25979 | $10,620 | $35,800 | $78,200 | $108,700 | $138,060 |
Source: Ownwell
Property Tax Bills Across Pipestem, West Virginia
In Pipestem, Mercer County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Local tax rates, set by the county, are then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $78,200 in Pipestem, homeowners can expect their tax bills to vary significantly within the community. The 25th percentile tax bill is around $322, while the 75th percentile tax bill reaches up to $640, and the 90th percentile can go as high as $742. These variations are influenced by factors such as property location, home improvements, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Pipestem's rates can be considered relatively moderate. For homeowners, understanding these factors is crucial as they directly impact the affordability and financial planning associated with homeownership in Pipestem.
Average Pipestem Tax Bill
$474
Average Mercer County Tax Bill
$442
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Pipestem, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25979 | $213 | $322 | $474 | $640 | $742 |
Source: Ownwell