Dille, West Virginia Property Taxes
The median property tax rate in Dille, WV is 0.42%, 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 Dille at $35,750, the typical annual property tax bill is $150, well below the national median of $2,690. Property taxes in Dille 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 Dille'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 Dille 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
Dille, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$150
Ownwell’s Dille Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dille with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dille 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 Dille, West Virginia
Property taxes in Dille, West Virginia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Dille is 0.42%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Dille set these rates annually, and they can vary across different neighborhoods. Each year, Dille 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 Dille's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 26617 has the highest median property tax rate of 0.42%, while the same zip code also has the lowest median tax rate of 0.42%. Understanding how these areas compare with Dille 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 Dille 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 Dille, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26617 | 0.17% | 0.30% | 0.42% | 0.42% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Dille, West Virginia
In Dille, 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 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 Dille, 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 Dille helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 26617 has both the highest and lowest median tax bill at $150.
Average Dille Assessed Value
$35,750
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 Dille, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26617 | $15,740 | $25,225 | $35,750 | $54,125 | $67,310 |
Source: Ownwell
Property Tax Bills Across Dille, West Virginia
In Dille, 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 in Dille is $35,750. Property taxes in this area are relatively low compared to the national median property tax rate of 0.99%. The tax bill for homeowners in the 25th percentile is around $109, while those in the 75th percentile pay about $222, and the 90th percentile sees bills up to $314. Several factors influence these tax bills, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. For instance, a higher assessed value or fewer exemptions would result in a higher tax bill. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these elements interplay can help homeowners anticipate their tax obligations and manage their finances more effectively.
Average Dille Tax Bill
$150
Average Clay County Tax Bill
$172
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Dille, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26617 | $53 | $109 | $150 | $222 | $314 |
Source: Ownwell