Keyser, West Virginia Property Taxes
The median property tax rate in Keyser, WV is 0.48%, 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 Keyser, the typical annual property tax bill reaches $295, significantly below the national median of $2,690. Property taxes in Keyser 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 Keyser'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 Keyser 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
Keyser, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$282
Ownwell’s Keyser Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keyser with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keyser 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 Keyser, West Virginia
Property taxes in Keyser, West Virginia, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Keyser is 0.48%, which is lower than the U.S. national median of 0.99%. Local government entities within Keyser set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keyser 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 Keyser's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26726 has the highest median property tax rate of 0.48%, while the same zip code also has the lowest median tax rate of 0.48%. Understanding how these cities compare with Keyser provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keyser Tax Rate
0.48%
Average Grant County Tax Rate
0.48%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keyser, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26726 | 0.48% | 0.48% | 0.48% | 0.48% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Keyser, West Virginia
In Keyser, 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 Grant County Assessor's Office 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 Keyser, 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 Keyser 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 $295.00 in the 26726 zip code, while the lowest is also $295.00 in the same zip code. Understanding these nuances can significantly impact your financial planning and property management.
Average Keyser Assessed Value
$58,650
Average Grant County Assessed Value
$73,700
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keyser, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26726 | $6,670 | $27,675 | $58,650 | $101,100 | $138,400 |
Source: Ownwell
Property Tax Bills Across Keyser, West Virginia
In Keyser, WV, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the tax bill. For instance, in Grant County, where Keyser is located, the median home price is $58,650. Homeowners in this area typically see tax bills ranging from $174 at the 25th percentile to $493 at the 75th percentile, with the 90th percentile reaching up to $802. Several factors influence the tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions. These factors collectively impact how much homeowners owe annually. Compared to the national median property tax rate of 0.99%, Keyser's property taxes can be considered relatively modest. Understanding these details can help homeowners better anticipate their annual tax obligations and manage their finances accordingly.
Average Keyser Tax Bill
$295
Average Grant County Tax Bill
$353
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Keyser, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26726 | $37 | $174 | $295 | $493 | $802 |
Source: Ownwell