Dixie, West Virginia Property Taxes
The median property tax rate in Dixie, WV is 0.77%, slightly lower than the national median of 0.99% but higher than the West Virginia state median of 0.72%. With the median home value in Dixie at $46,100, the typical annual property tax bill is approximately $290, which is significantly below the national median of $2,690. Property taxes in Dixie are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Dixie'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 Dixie or another part of the county, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dixie, 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 Dixie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dixie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dixie 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 Dixie, West Virginia
Property taxes in Dixie, West Virginia, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Dixie is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Dixie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dixie 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 Dixie's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25059 zip code has both the highest and lowest median property tax rate of 0.77%. Understanding how these cities compare with Dixie provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dixie Tax Rate
0.77%
Average Fayette County Tax Rate
0.77%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dixie, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25059 | 0.26% | 0.43% | 0.77% | 0.77% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Dixie, West Virginia
In Dixie, 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 Fayette 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 Dixie, 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 Dixie 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 in Dixie is 25059, with a median tax bill of $290.
Average Dixie Assessed Value
$46,100
Average Fayette County Assessed Value
$52,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dixie, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25059 | $7,280 | $25,700 | $46,100 | $65,400 | $89,780 |
Source: Ownwell
Property Tax Bills Across Dixie, West Virginia
In Dixie, located in Fayette County, WV, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value of the property, determined by the county assessor. For instance, with a median home price of $46,100, homeowners in Dixie can expect a range of property tax bills. At the 25th percentile, the tax bill is around $156, while at the 75th percentile, it rises to approximately $522. The 90th percentile sees tax bills reaching up to $739. These figures illustrate the variability in tax obligations based on property values and local tax rates. Homeowners in Dixie are affected by these tax bills as they represent a significant annual expense. Compared to the national median property tax rate of 0.99%, Dixie’s tax rates can be seen as relatively moderate, yet they still impact household budgets and the affordability of homeownership. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Dixie Tax Bill
$290
Average Fayette County Tax Bill
$424
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Dixie, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25059 | $57 | $156 | $290 | $522 | $739 |
Source: Ownwell