Strange Creek, West Virginia Property Taxes
The median property tax rate in Strange Creek, WV is 0.46%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $74,700 in Strange Creek, the typical annual property tax bill is about $346, well below the national median of $2,690. Property taxes in Strange Creek are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural land. Gaining a clear understanding of Strange Creek'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 Strange Creek or another part of Braxton County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Strange Creek, West Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Strange Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Strange Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Strange Creek 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 Strange Creek, West Virginia
Property taxes in Strange Creek, West Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Strange Creek is 0.46%, which is lower than the U.S. national median of 0.99%. Local government entities within Strange Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Strange Creek 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 Strange Creek's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 25063 has the highest median property tax rate of 0.46%, while the same zip code also has the lowest median tax rate of 0.46%. Understanding how these cities compare with Strange Creek provides valuable insights into the varying tax landscape across Braxton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Strange Creek Tax Rate
0.46%
Average Braxton County Tax Rate
0.46%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Strange Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25063 | 0.24% | 0.32% | 0.46% | 0.46% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Strange Creek, West Virginia
In Strange Creek, 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 Braxton County Assessor 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. Assessment notices in Strange Creek 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 Strange Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 25063, with a median tax bill of $346.
Property Tax Assessment Values Across Strange Creek, West Virginia
Source: Ownwell
$27,000
$107,550
$188,100
Average Strange Creek Assessed Value
$74,700
Average Braxton County Assessed Value
$63,900
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Strange Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25063 | $30,600 | $53,600 | $74,700 | $102,100 | $129,200 |
Source: Ownwell
Property Tax Bills Across Strange Creek, West Virginia
In Strange Creek, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate set by Braxton County to determine the annual tax bill. Factors such as property improvements, location, and market conditions can influence the assessed value. Homeowners in Strange Creek experience varying tax bills, with the 25th percentile at $204 and the 75th percentile at $480. The 90th percentile of tax bills reaches up to $608, reflecting the higher end of the spectrum. Comparatively, the median property tax bill in the area is $346, which is significantly lower than the national median property tax rate of 0.99%. This lower tax burden can be advantageous for homeowners, potentially making homeownership more affordable and appealing in Strange Creek.
Average Strange Creek Tax Bill
$346
Average Braxton County Tax Bill
$333
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Strange Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25063 | $137 | $204 | $346 | $480 | $608 |
Source: Ownwell