Sutton, West Virginia Property Taxes
The median property tax rate in Sutton, WV is 0.46%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Sutton at $63,400, the typical annual property tax bill is $332, far below the national median of $2,690. Property taxes in Sutton are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Sutton'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 Sutton or another part of Braxton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sutton, 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 Sutton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sutton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sutton 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 Sutton, West Virginia
Property taxes in Sutton, 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 Sutton is 0.46%, significantly lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Sutton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sutton 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 Sutton's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26601 has both the highest and the lowest median property tax rate of 0.46%. Understanding how these cities compare with Sutton 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 Sutton 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 Sutton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26601 | 0.27% | 0.41% | 0.46% | 0.61% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Sutton, West Virginia
In Sutton, 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. In Sutton, 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 Sutton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 26601 in Braxton County has both the highest and lowest median tax bill, valued at $332.
Average Sutton Assessed Value
$63,400
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 Sutton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26601 | $14,900 | $35,600 | $63,400 | $103,000 | $152,900 |
Source: Ownwell
Property Tax Bills Across Sutton, West Virginia
In Sutton, Braxton County, WV, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The tax rate, known as the mill rate, is applied to this assessed value to determine the amount owed. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. For homeowners in Sutton, the median home price is $63,400. The tax bills vary widely, with the 25th percentile at $183 and the 75th percentile at $561, while the 90th percentile reaches up to $843. This range highlights how different factors can significantly affect individual tax bills. Comparatively, the median property tax rate in Sutton is lower than the national median of 0.99%, making it relatively more affordable for homeowners. Understanding these calculations helps homeowners anticipate their property tax obligations and manage their finances accordingly. Accurate assessments ensure fairness and equity in the distribution of tax responsibilities, contributing to community services and infrastructure.
Average Sutton Tax Bill
$332
Average Braxton County Tax Bill
$333
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Sutton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26601 | $91 | $183 | $332 | $561 | $843 |
Source: Ownwell