Property Taxes in Pilgrims Knob, Virginia
Median Pilgrims Knob, Virginia effective property tax rate: 0.39%, significantly lower than the national median of 1.02%, and lower than the Virginia state median of 0.90%.
Median Pilgrims Knob, Virginia home value: $47,600
Median annual Pilgrims Knob, Virginia tax bill: $186, lower than the national median property tax bill of $2,400.
How are property taxes in Buchanan County calculated?
Property taxes in Pilgrims Knob, Virginia are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Pilgrims Knob's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pilgrims Knob, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Pilgrims Knob Property Tax Calculator Work?
Use this Pilgrims Knob property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Pilgrims Knob's median effective tax rate of 0.39% — based on actual property records in Buchanan County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Pilgrims Knob's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Pilgrims Knob: rates range from 0.39% in 24634 to 0.39% in 24634, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Pilgrims Knob.
About Pilgrims Knob Property Taxes
About Property Taxes in Pilgrims Knob, Buchanan, Virginia
Pilgrims Knob's median effective property tax rate of 0.39% is lower than the Virginia state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Buchanan County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Pilgrims Knob. Homeowners in the 24634 ZIP code carry a median effective rate of 0.39%, while those in 24634 pay 0.39%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Buchanan County. Understanding which part of Pilgrims Knob you live in can make a meaningful difference to your annual tax bill.
Pilgrims Knob homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Pilgrims Knob, Buchanan County, Virginia
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Pilgrims Knob's effective property tax rate to other cities in Virginia and the median property tax rates in Virginia and the U.S.
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Pilgrims Knob Tax Rate
0.39%
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Buchanan County Tax Rate
0.39%
Median Effective Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Pilgrims Knob, Buchanan County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24634 | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
Source: Ownwell
Property Tax Assessment Values Across Pilgrims Knob, Buchanan County, Virginia
When examining property taxes in Pilgrims Knob, Virginia, understanding the distinction between “market value” and “assessed value” is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Buchanan County assessor estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Buchanan County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. For example, the median home price in Pilgrims Knob is $47,600, with tax bills ranging across the county. The median tax bill is $186, compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400.
Property Tax Assessment Values Across Pilgrims Knob, Buchanan County, Virginia
Source: Ownwell
$31,350
$42,075
$52,800
Median Pilgrims Knob Market Value
$47,600
Median Buchanan County Market Value
$47,800
Median Virginia Market Value
$323,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Pilgrims Knob, Buchanan County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24634 | $7,600 | $16,600 | $47,600 | $82,800 | $120,000 |
Source: Ownwell
Property Tax Bills Across Pilgrims Knob, Buchanan County, Virginia
Property tax bills in Pilgrims Knob are calculated by applying the local tax rate to a home's assessed value, which is based on the market value of the property. For homeowners, this means the tax bill is tied directly to what the home is worth rather than what was paid for it. Factors such as location, property characteristics, and local assessment practices can all influence the final amount.
With a median home price of $47,600, property taxes in Pilgrims Knob are generally modest compared with the national median property tax bill of $2,400. The 25th percentile tax bill is $65, the 75th percentile is $323, and the 90th percentile is $468, showing that many homeowners pay well below the national level. The median tax bill is $186 in ZIP code 24634, which is also the highest and lowest median tax bill reported for the area.
Because property taxes are based on assessed value, changes in a home's market value can affect future bills and the amount homeowners owe each year.
Median Pilgrims Knob Tax Bill
$186
Median Buchanan County Tax Bill
$186
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$3,209
Property Tax Bills Across Pilgrims Knob, Buchanan County, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24634 | $30 | $65 | $186 | $323 | $468 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Buchanan Tax Assessor | |
| Website | egov.buchanancounty-va.gov |