Pine Grove, West Virginia Property Taxes
The median property tax rate in Pine Grove, WV is 0.69%, which is notably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $52,100 in Pine Grove, the typical annual property tax bill amounts to $373, significantly below the national median of $2,690. Property taxes in Pine Grove are determined based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Pine Grove'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 Pine Grove or another part of Wetzel County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pine Grove, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$359
Ownwell’s Pine Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Grove 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 Pine Grove, West Virginia
Property taxes in Pine Grove, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Grove is 0.69%, which is lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Pine Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Grove 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 Pine Grove's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26419 zip code has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Pine Grove provides valuable insights into the varying tax landscape across Wetzel County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pine Grove Tax Rate
0.69%
Average Wetzel County Tax Rate
0.69%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine Grove, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26419 | 0.31% | 0.48% | 0.69% | 0.84% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Pine Grove, West Virginia
In Pine Grove, 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 Wetzel 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. In Pine Grove, 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 Pine Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 26419 has both the highest and lowest median tax bill at $373.
Average Pine Grove Assessed Value
$52,100
Average Wetzel County Assessed Value
$72,300
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pine Grove, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26419 | $12,400 | $29,800 | $52,100 | $86,500 | $126,100 |
Source: Ownwell
Property Tax Bills Across Pine Grove, West Virginia
In Pine Grove, WV, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For homeowners in Pine Grove, the median home price is $52,100. The property tax rate applied to this assessed value then determines the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, the 25th percentile tax bill in Pine Grove is $194, while the 75th percentile tax bill is $586, and the 90th percentile tax bill reaches $869. These variations illustrate how different property characteristics and valuations can significantly impact tax amounts. Compared to the national median property tax rate of 0.99%, Pine Grove residents generally experience lower tax bills, which can be a financial relief for homeowners. However, understanding these calculations is crucial for effective financial planning and appealing inaccurate assessments.
Average Pine Grove Tax Bill
$373
Average Wetzel County Tax Bill
$518
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine Grove, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26419 | $75 | $194 | $373 | $586 | $869 |
Source: Ownwell