Wht Sulphur S, West Virginia Property Taxes
The median property tax rate in WHT SULPHUR S, WV is 0.72%, aligning with the West Virginia state median but lower than the national median of 0.99%. With a median home value of $71,100 in WHT SULPHUR S, the typical annual property tax bill amounts to $516, significantly below the national median of $2,690. Property taxes here are determined based on the tax assessed value, which is generally lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding WHT SULPHUR S'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 WHT SULPHUR S or another part of Greenbrier County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wht Sulphur S, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$512
Ownwell’s WHT SULPHUR S Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in WHT SULPHUR S with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in WHT SULPHUR S to provide an estimate of 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 Greenbrier County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Wht Sulphur S, West Virginia
Property taxes in White Sulphur Springs, 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 White Sulphur Springs is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within White Sulphur Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Sulphur Springs 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 White Sulphur Springs' effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 24986 has the same median property tax rate of 0.72%. Understanding how these areas compare with White Sulphur Springs 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 Wht Sulphur S Tax Rate
0.72%
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 Wht Sulphur S, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24986 | 0.37% | 0.57% | 0.72% | 1.15% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Wht Sulphur S, West Virginia
In White Sulphur Springs, 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 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 White Sulphur Springs, 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. The median home price in White Sulphur Springs is $71,100, with the 25th percentile tax bill at $341 and the 75th percentile tax bill at $825. The highest median tax bill is $516 in the 24986 zip code, which also has the lowest median 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 White Sulphur Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Wht Sulphur S, West Virginia
Source: Ownwell
$21,300
$80,125
$138,950
Average Wht Sulphur S Assessed Value
$71,100
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 Wht Sulphur S, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24986 | $38,450 | $50,525 | $71,100 | $104,375 | $1,343,550 |
Source: Ownwell
Property Tax Bills Across Wht Sulphur S, West Virginia
In White Sulphur Springs, located in Greenbrier County, WV, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $71,100. Homeowners can expect their tax bill to vary significantly, with the 25th percentile paying around $341 and the 75th percentile paying approximately $825. The 90th percentile sees a substantial increase, with tax bills reaching up to $8,127. These figures indicate a wide range of property tax obligations, reflecting differences in property values and assessments. The property tax rate in White Sulphur Springs is influenced by local government budgets and the need to fund public services such as schools, infrastructure, and emergency services. Homeowners in this region experience property tax rates that can be compared to the national median property tax rate of 0.99%. This variation in tax bills can significantly impact homeowners' finances, making it essential for them to understand how their property is assessed and to explore potential exemptions or appeals to manage their tax obligations effectively.
Average Wht Sulphur S Tax Bill
$516
Average Greenbrier County Tax Bill
$454
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Wht Sulphur S, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24986 | $175 | $341 | $516 | $825 | $8,127 |
Source: Ownwell