Huntington, West Virginia Property Taxes
The median property tax rate in Huntington, WV is 1.02%, slightly above the national median of 0.99% and significantly higher than the West Virginia state median of 0.72%. With a median home value of $70,700 in Huntington, the typical annual property tax bill amounts to $831, which is lower than the national median of $2,690. Property taxes in Huntington are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence exemption. Understanding Huntington's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Huntington or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Huntington, 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 Huntington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huntington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huntington 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 Huntington, West Virginia
Property taxes in Huntington, 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 Huntington is 0.49%, which is lower than both the West Virginia state median of 0.58% and the U.S. national median of 0.99%. Local government entities within Huntington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huntington 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 Huntington's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25703 zip code has the highest median property tax rate of 1.02%, while the 25705 zip code has the lowest median tax rate of 0.82%. Understanding how these cities compare with Huntington provides valuable insights into the varying tax landscape across Cabell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Huntington Tax Rate
1.02%
Average Cabell County Tax Rate
0.82%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huntington, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25701 | 0.60% | 0.82% | 1.02% | 2.03% | 2.03% |
| 25702 | 0.39% | 0.82% | 1.02% | 2.03% | 2.03% |
| 25703 | 0.55% | 1.02% | 2.03% | 2.03% | 2.03% |
| 25704 | 0.35% | 1.02% | 1.02% | 2.03% | 2.03% |
| 25705 | 0.56% | 0.76% | 0.82% | 1.02% | 2.03% |
| 25755 | 0.14% | 0.37% | 1.02% | 2.03% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Huntington, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Huntington, WV. 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 local appraisal district 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 Huntington, 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. For instance, the zip code with the highest median tax bill is 25701 at $985, while the lowest is 25755 at $462. Being aware of these valuation processes in Huntington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Huntington, West Virginia
Source: Ownwell
$39,500
$76,675
$113,850
Average Huntington Assessed Value
$70,700
Average Cabell County Assessed Value
$80,550
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huntington, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25701 | $28,300 | $46,100 | $84,400 | $139,850 | $210,100 |
| 25702 | $17,260 | $32,650 | $47,700 | $72,050 | $110,700 |
| 25703 | $20,330 | $28,800 | $39,500 | $54,375 | $78,800 |
| 25704 | $22,000 | $31,600 | $42,500 | $58,500 | $78,900 |
| 25705 | $34,500 | $54,900 | $95,900 | $145,300 | $213,000 |
| 25755 | $28,390 | $30,775 | $43,150 | $50,550 | $54,370 |
Source: Ownwell
Property Tax Bills Across Huntington, West Virginia
In Huntington, Cabell County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For instance, in Huntington, the median home price is $70,700, and tax bills can vary significantly. The 25th percentile tax bill is around $490, while the 75th percentile tax bill reaches $1,330, and the 90th percentile can be as high as $2,096. Homeowners in the 25701 zip code face the highest median tax bill of $985, whereas those in the 25755 zip code have a lower median tax bill of $462. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Huntington Tax Bill
$831
Average Cabell County Tax Bill
$825
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Huntington, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25701 | $302 | $548 | $985 | $1,632 | $2,502 |
| 25702 | $126 | $326 | $595 | $943 | $1,352 |
| 25703 | $185 | $394 | $642 | $937 | $1,271 |
| 25704 | $157 | $334 | $545 | $802 | $1,131 |
| 25705 | $317 | $581 | $931 | $1,391 | $2,130 |
| 25755 | $67 | $196 | $462 | $599 | $889 |
Source: Ownwell