Edmond, West Virginia Property Taxes
The median property tax rate in Edmond, 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 Edmond at $68,950, the typical annual property tax bill amounts to $499, which is significantly below the national median of $2,690. Property taxes in Edmond are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Edmond'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 Edmond or another part of Fayette County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Edmond, 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 Edmond Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edmond with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edmond 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 Edmond, West Virginia
Property taxes in Edmond, 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 Edmond is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Edmond set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edmond 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 Edmond's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25837 has both the highest and lowest median property tax rate of 0.77%. Understanding how these areas compare with Edmond 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 Edmond 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 Edmond, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25837 | 0.39% | 0.61% | 0.77% | 0.77% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Edmond, West Virginia
In Edmond, 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 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 Edmond, 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 Edmond helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $499.00 in zip code 25837, which is also the lowest median tax bill.
Average Edmond Assessed Value
$68,950
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 Edmond, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25837 | $9,820 | $33,575 | $68,950 | $114,875 | $176,100 |
Source: Ownwell
Property Tax Bills Across Edmond, West Virginia
In Edmond, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is a percentage of the market value of the property. Homeowners in Edmond, located in Fayette County, WV, can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $220, while the 75th percentile tax bill can reach up to $873. Those at the 90th percentile might see tax bills as high as $1,340. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. These tax bills are essential for funding local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, homeowners in Edmond may find their property tax rates to be relatively manageable, which can be a significant consideration for both current residents and potential homebuyers.
Average Edmond Tax Bill
$499
Average Fayette County Tax Bill
$424
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Edmond, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25837 | $78 | $220 | $499 | $873 | $1,340 |
Source: Ownwell