Piney View, West Virginia Property Taxes
The median property tax rate in Piney View, WV, is 0.72%, matching the state median but lower than the national median of 0.99%. With the median home value in Piney View at $62,200, the typical annual property tax bill is $308, significantly below the national median of $2,690. Property taxes in Piney View are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Piney View'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 Piney View or another part of Raleigh County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Piney View, 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 Piney View Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Piney View with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Piney View 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 Piney View, West Virginia
Property taxes in Piney View, 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 Piney View is 0.72%, lower than the U.S. national median of 0.99%. Local government entities within Piney View set these rates annually, and they can vary significantly across different neighborhoods. Each year, Piney View estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all assessed 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 Piney View's effective property tax rate to other areas in Raleigh County and the national median. For comparison, the 25906 zip code has the highest median property tax rate of 0.72%, while the same 25906 zip code also holds the lowest median tax rate of 0.72%. Understanding how these rates compare with Piney View provides valuable insights into the varying tax landscape across Raleigh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Piney View Tax Rate
0.72%
Average Raleigh County Tax Rate
0.72%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Piney View, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25906 | 0.41% | 0.53% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Piney View, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Piney View, West Virginia. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Raleigh 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 Piney View, 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. For example, the median home price in Piney View stands at $62,200. Homeowners in the 25906 zip code see the highest median tax bill at $308. 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 Piney View helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Piney View Assessed Value
$62,200
Average Raleigh County Assessed Value
$52,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Piney View, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25906 | $46,600 | $52,450 | $62,200 | $100,650 | $123,720 |
Source: Ownwell
Property Tax Bills Across Piney View, West Virginia
In Piney View, property tax bills are calculated based on the assessed value of a home, which is determined by the Raleigh County Assessor's Office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Piney View, the median home price is $62,200, and the property tax rate is reflective of the regional norms. Factors influencing the tax bill include the property's market value, any applicable exemptions, and the specific tax rate set by local authorities. For instance, homeowners in the 25th percentile of tax bills pay around $258 annually, while those in the 75th percentile pay approximately $655. The highest median tax bill recorded in the area is $308, which aligns with the zip code 25906. Compared to the national median property tax rate of 0.99%, Piney View's property taxes can be seen as relatively moderate, providing a balanced financial impact on homeowners. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Piney View Tax Bill
$308
Average Raleigh County Tax Bill
$419
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Piney View, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25906 | $228 | $258 | $308 | $655 | $864 |
Source: Ownwell