Pilot, Floyd County, Virginia Property Taxes

Name: Property Tax Bills Across Pilot, Floyd County, Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median PILOT, VA effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%. Median PILOT, VA home value: $130,000. Median annual PILOT, VA tax bill: $841, $1,559 lower than the national median property tax bill of $2,400.

How are property taxes in Floyd calculated?

Property taxes in PILOT, VA 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 PILOT’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in PILOT, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Pilot, Floyd County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.65%

Estimate Property Tax Bill

$845

$784

Ownwell’s PILOT Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in PILOT with just two data points.

By entering your property's estimated assessed value, our calculator applies PILOT’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Floyd County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Pilot, Floyd County, Virginia

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the essence of the annual process. In PILOT, located in Floyd County, Virginia, the effective property tax rate offers a unique perspective when compared to other cities within the state and the national median. Virginia's median property tax rate is below the national median of 1.02%, making it an attractive option for property owners. By understanding how PILOT’s rates stack up, property owners can better navigate their financial planning and potentially identify opportunities for tax appeals or exemptions. This knowledge empowers property owners to make informed decisions and potentially save on their property tax bills.

Property Tax Rates Across Pilot, Floyd County, Virginia

Source: Ownwell

0.65%

Our median effective property tax rate (tax bill ÷ 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 Pilot Tax Rate

0.65%

Median Effective Floyd County Tax Rate

0.65%

Median Effective Virginia Tax Rate

0.89%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Pilot, Floyd County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24138	0.65%	0.65%	0.65%	0.65%	0.65%

Source: Ownwell

Property Tax Assessment Values Across Pilot, Floyd County, Virginia

When examining property taxes in PILOT, VA, 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 Floyd County appraisal district 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. In Floyd County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in PILOT. For example, the median home price in PILOT is $130,000, with tax bills ranging significantly across the county. 24138 has the highest median home price at $130,000.

Property Tax Assessment Values Across Pilot, Floyd County, Virginia

Source: Ownwell

$96,750

$122,575

$148,400

Median Pilot Market Value

$130,000

Median Floyd County Market Value

$126,500

Median Virginia Market Value

$298,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Pilot, Floyd County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24138	$33,840	$90,000	$130,000	$196,200	$280,060

Source: Ownwell

Property Tax Bills Across Pilot, Floyd County, Virginia

In PILOT, VA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Floyd County, the median home price is $130,000. The property tax bill typically ranges from $577 at the 25th percentile to $1,817 at the 90th percentile. Compared to the national median property tax bill of $2,400, homeowners in PILOT enjoy relatively lower property taxes. However, these taxes can still be a significant expense for many. Factors such as changes in the assessed value of the property, local tax rates, and any applicable exemptions can influence the final tax bill. Ownwell assists homeowners by providing expert property tax appeal and exemption services, helping to ensure that they are not overpaying. By leveraging Ownwell's expertise, homeowners can potentially reduce their property tax bills, keeping more money in their pockets.

Property Tax Bills Across Pilot, Floyd County, Virginia

Source: Ownwell

$629

$789

$949

Median Pilot Tax Bill

$841

Median Floyd County Tax Bill

$805

Median Virginia Tax Bill

$2,608

Median United States Tax Bill

$2,400

Property Tax Bills Across Pilot, Floyd County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24138	$213	$577	$841	$1,238	$1,817

Source: Ownwell