Pilot, Montgomery County, Virginia Property Taxes

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

Median PILOT, VA effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, but lower than the Virginia state median of 0.89%.
Median PILOT, VA home value: $152,600
Median annual PILOT, VA tax bill: $1,058, $1,342 lower than the national median property tax bill of $2,400.

How are property taxes in Montgomery 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, Montgomery County, Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$1,147

$1,064

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

Property Tax Rates Across Pilot, Montgomery County, Virginia

Local government entities set tax rates, which can vary widely within a state. Each county annually 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.

In PILOT, located in county 51121 in VA, the effective property tax rate stands at 0.70%. This is significantly lower than the national median property tax rate of 1.02%. Despite this relatively low rate, property owners in PILOT contribute to essential community services, ensuring a high quality of life.

Comparatively, PILOT's property tax rate aligns with the lowest and highest median tax rates in the state, both at 0.70%. This consistency highlights the region's stable approach to property taxation. Understanding these rates is crucial for property owners, as it directly impacts their financial planning and investment decisions. By considering these factors, property owners can make informed choices about their real estate investments and potential tax savings.

Property Tax Rates Across Pilot, Montgomery County, Virginia

Source: Ownwell

0.75%

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

0.75%

Median Effective Montgomery County Tax Rate

0.75%

Median Effective Virginia Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Pilot, Montgomery County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24138	0.75%	0.75%	0.75%	0.75%	0.75%

Source: Ownwell

Property Tax Assessment Values Across Pilot, Montgomery 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 Montgomery 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. Assessment notices in Montgomery County are sent in the spring each year, typically reaching your mailbox by the middle of May. 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 $152,600, with tax bills ranging significantly across the county. ZIP code 24138 has the highest median home price at $152,600.

Property Tax Assessment Values Across Pilot, Montgomery County, Virginia

Source: Ownwell

$128,150

$226,725

$325,300

Median Pilot Market Value

$152,900

Median Montgomery County Market Value

$252,100

Median Virginia Market Value

$323,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Pilot, Montgomery County, Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24138	$39,450	$106,150	$152,900	$231,800	$298,850

Source: Ownwell

Property Tax Bills Across Pilot, Montgomery County, Virginia

In the city of PILOT in Montgomery County, VA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which can fluctuate based on local real estate trends. Homeowners in PILOT experience a range of property tax bills, with the 25th percentile at $727 and the 75th percentile reaching $1,580. The median tax bill in the area is $1,058, which is lower than the national median of $2,400. This suggests that homeowners in PILOT might pay comparatively less than in other parts of the country, despite local variations. For homeowners looking to reduce their property tax burden, Ownwell offers expert property tax appeal services. By conducting a thorough analysis of property assessments and identifying discrepancies, Ownwell can help homeowners potentially lower their tax bills. This service not only provides financial relief but also ensures that property taxes are fair and accurate.

Property Tax Bills Across Pilot, Montgomery County, Virginia

Source: Ownwell

$961

$1,700

$2,439

Median Pilot Tax Bill

$1,147

Median Montgomery County Tax Bill

$1,892

Median Virginia Tax Bill

$2,852

Median United States Tax Bill

$2,400

Property Tax Bills Across Pilot, Montgomery County, Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24138	$296	$796	$1,147	$1,738	$2,241

Source: Ownwell