Pineville, Wyoming County, West Virginia Property Taxes
The median property tax rate in Pineville, 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 Pineville at $31,100, the typical annual property tax bill reaches $237, significantly below the national median of $2,690. Property taxes in Pineville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pineville'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 Pineville 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
Pineville, Wyoming County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$211
$196
Ownwell’s Pineville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pineville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pineville 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 Pineville, Wyoming County, West Virginia
Property taxes in Pineville, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pineville is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Pineville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pineville 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 Pineville's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 24874 in Wyoming County has both the highest and lowest median property tax rate of 0.68%. Understanding how these cities compare with Pineville provides valuable insights into the varying tax landscape across Wyoming County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pineville Tax Rate
0.68%
Average Wyoming County Tax Rate
0.68%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pineville, Wyoming County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24874 | 0.19% | 0.68% | 0.68% | 1.37% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Pineville, Wyoming County, West Virginia
In Pineville, 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 Wyoming County Assessor's Office 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 Pineville, 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 Pineville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Pineville is $31,100, with tax bills ranging from $105 at the 25th percentile to $652 at the 90th percentile. The zip code 24874 has both the highest and lowest median tax bill at $237. By staying informed, homeowners can take proactive steps to manage their property taxes effectively.
Property Tax Assessment Values Across Pineville, Wyoming County, West Virginia
Source: Ownwell
$17,200
$31,950
$46,700
Average Pineville Assessed Value
$31,100
Average Wyoming County Assessed Value
$25,000
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pineville, Wyoming County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24874 | $7,800 | $18,350 | $31,100 | $46,900 | $69,700 |
Source: Ownwell
Property Tax Bills Across Pineville, Wyoming County, West Virginia
In Pineville, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value. For example, if a home has a median market price of $31,100, the assessed value will be a portion of this amount. Property taxes are then calculated by applying the local tax rate to the assessed value. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. In Pineville, the 25th percentile tax bill is $105, while the 75th percentile tax bill reaches $427, and the 90th percentile tax bill can go up to $652. These figures show a range of tax liabilities that homeowners might face. Compared to the national median property tax rate of 0.99%, Pineville's tax rates can be seen as relatively modest, affecting homeowners by keeping their annual tax obligations relatively low.
Average Pineville Tax Bill
$237
Average Wyoming County Tax Bill
$190
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Pineville, Wyoming County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24874 | $37 | $105 | $237 | $427 | $652 |
Source: Ownwell