Caldwell, West Virginia Property Taxes
The median property tax rate in Caldwell, WV is 0.57%, 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 Caldwell at $76,800, the typical annual property tax bill amounts to $476, which is well below the national median of $2,690. Property taxes in Caldwell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Caldwell'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 Caldwell or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Caldwell, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$438
Ownwell’s Caldwell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Caldwell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caldwell 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 Caldwell, West Virginia
Property taxes in Caldwell, 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 Caldwell is 0.57%, which is lower than the U.S. national median of 0.99%. Local government entities within Caldwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caldwell 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 Caldwell's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 24925 zip code has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these areas compare with Caldwell provides valuable insights into the varying tax landscape across Greenbrier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caldwell Tax Rate
0.57%
Average Greenbrier County Tax Rate
0.57%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caldwell, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24925 | 0.28% | 0.51% | 0.57% | 0.57% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Caldwell, West Virginia
In Caldwell, 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 Greenbrier 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 Caldwell, 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 Caldwell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Caldwell is $76,800, with tax bills ranging from $237 at the 25th percentile to $1,916 at the 90th percentile. The highest and lowest median tax bills are both $476, occurring in the 24925 zip code.
Average Caldwell Assessed Value
$76,800
Average Greenbrier County Assessed Value
$70,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caldwell, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24925 | $21,700 | $43,100 | $76,800 | $196,900 | $310,400 |
Source: Ownwell
Property Tax Bills Across Caldwell, West Virginia
In Caldwell, Greenbrier County, WV, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value is typically a percentage of the market value of the home. Various factors, such as the property's location, size, and condition, contribute to this assessed value. Homeowners in Caldwell can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $237, while the 75th percentile tax bill reaches approximately $1,133. The 90th percentile tax bill can be as high as $1,916. The median home price in Caldwell is $76,800, and the median property tax bill in the area is $476. This is relatively low compared to the national median property tax rate of 0.99%. Understanding these calculations helps homeowners anticipate their annual expenses and budget accordingly, ensuring they are prepared for their property tax obligations.
Average Caldwell Tax Bill
$476
Average Greenbrier County Tax Bill
$454
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Caldwell, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24925 | $102 | $237 | $476 | $1,133 | $1,916 |
Source: Ownwell