Piedmont, West Virginia Property Taxes
The median property tax rate in Piedmont, WV is 0.94%, slightly below the national median of 0.99% but higher than the West Virginia state median of 0.72%. With the median home value in Piedmont at $28,200, the typical annual property tax bill is $320, which is significantly lower than the national median of $2,690. Property taxes in Piedmont are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Piedmont'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 Piedmont 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
Piedmont, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$265
Ownwell’s Piedmont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Piedmont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Piedmont 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 Piedmont, West Virginia
Property taxes in Piedmont, West Virginia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Piedmont is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Piedmont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Piedmont 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 Piedmont's effective property tax rate to other areas in Mineral County and the national median. For comparison, the zip code 26750 has both the highest and lowest median property tax rate of 0.94%. Understanding how these cities compare with Piedmont provides valuable insights into the varying tax landscape across Mineral County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Piedmont Tax Rate
0.94%
Average Mineral County Tax Rate
0.72%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Piedmont, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26750 | 0.39% | 0.94% | 0.94% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Piedmont, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Piedmont, West Virginia. 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 Mineral County 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. 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. For instance, the highest and lowest median tax bills in Piedmont are both $320 in the zip code 26750. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Piedmont Assessed Value
$28,200
Average Mineral County Assessed Value
$84,700
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Piedmont, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26750 | $5,640 | $16,200 | $28,200 | $41,700 | $54,240 |
Source: Ownwell
Property Tax Bills Across Piedmont, West Virginia
In Piedmont, located in Mineral County, WV, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the home's market value, which is determined by the county assessor. Factors influencing the tax bill include the home's location, size, and any improvements made to the property. Homeowners in Piedmont can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $146, while the 75th percentile reaches $491, and the 90th percentile can go up to $664. This variability underscores the importance of accurate assessments and the impact of local property values. Compared to the national median property tax rate of 0.99%, Piedmont's tax rate reflects the local economic conditions and property values. Understanding these factors can help homeowners budget for their annual property tax obligations and anticipate any changes due to property improvements or market fluctuations.
Average Piedmont Tax Bill
$320
Average Mineral County Tax Bill
$634
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Piedmont, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26750 | $41 | $146 | $320 | $491 | $664 |
Source: Ownwell