Clendenin, West Virginia Property Taxes
The median property tax rate in Clendenin, WV is 0.42%, considerably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Clendenin, the typical annual property tax bill reaches $177, significantly below the national median of $2,690. Property taxes in Clendenin are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clendenin'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 Clendenin or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clendenin, 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 Clendenin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clendenin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clendenin 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 Clendenin, West Virginia
Property taxes in Clendenin, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clendenin is 0.42%, significantly lower than the U.S. national median of 0.99%. Local government entities within Clendenin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clendenin 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 Clendenin's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25045 has both the highest and lowest median property tax rate of 0.42%. Understanding how these cities compare with Clendenin provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clendenin Tax Rate
0.42%
Average Clay County Tax Rate
0.42%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clendenin, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25045 | 0.18% | 0.30% | 0.42% | 0.42% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Clendenin, West Virginia
In Clendenin, 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 Clay 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 Clendenin, 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 Clendenin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Clendenin is $177 in zip code 25045.
Average Clendenin Assessed Value
$46,400
Average Clay County Assessed Value
$39,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clendenin, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25045 | $14,180 | $22,000 | $46,400 | $68,650 | $101,200 |
Source: Ownwell
Property Tax Bills Across Clendenin, West Virginia
In Clendenin, located in Clay County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price here is $46,400, and the property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For homeowners, this means that property taxes can vary significantly. For instance, the tax bill at the 25th percentile is around $100, while at the 75th percentile, it rises to $283. At the 90th percentile, it can reach up to $425. The highest median tax bill recorded in the area is $177.00. Comparatively, the national median property tax rate is 0.99%, making Clendenin's property taxes relatively manageable. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Clendenin Tax Bill
$177
Average Clay County Tax Bill
$172
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Clendenin, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25045 | $61 | $100 | $177 | $283 | $425 |
Source: Ownwell