High View, West Virginia Property Taxes
The median property tax rate in High View, WV is 0.52%, 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 High View, the typical annual property tax bill reaches $669, far below the national median of $2,690. Property taxes in High View are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding High View'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 High View or another part of Hampshire County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
High View, 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 High View Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in High View with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in High View 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 Hampshire County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across High View, West Virginia
Property taxes in High View, West Virginia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in High View is 0.52%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within High View set these rates annually, and they can vary across different neighborhoods. Each year, High View 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 High View's effective property tax rate to other areas within Hampshire County and the national median. For comparison, the highest median property tax rate within Hampshire County is also 0.52% in the zip code 26808, while the lowest median tax rate is the same at 0.52%. Understanding how these areas compare with High View provides valuable insights into the varying tax landscape across Hampshire County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average High View Tax Rate
0.52%
Average Hampshire County Tax Rate
0.52%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across High View, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26808 | 0.38% | 0.52% | 0.52% | 0.52% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across High View, West Virginia
In High View, 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 Hampshire 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. 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. In High View, the median home price is $124,350, with the highest median tax bill in the 26808 zip code at $669. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across High View, West Virginia
Source: Ownwell
$61,800
$203,650
$345,500
Average High View Assessed Value
$124,350
Average Hampshire County Assessed Value
$102,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across High View, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26808 | $48,750 | $80,800 | $124,350 | $180,800 | $241,090 |
Source: Ownwell
Property Tax Bills Across High View, West Virginia
In High View, Hampshire County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in High View is $124,350. Property taxes are determined by multiplying the assessed value by the local tax rate. Various factors, such as property size, location, and improvements, influence the assessed value. The tax bills in High View range significantly, with the 25th percentile at $450 and the 75th percentile at $969. The highest median tax bill recorded is $669 in the zip code 26808. These taxes fund essential services like schools, infrastructure, and emergency services, directly impacting homeowners' quality of life. Compared to the national median property tax rate of 0.99%, High View's rates provide a relatively balanced fiscal environment for residents. Understanding these components helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average High View Tax Bill
$669
Average Hampshire County Tax Bill
$567
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across High View, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26808 | $274 | $450 | $669 | $969 | $1,389 |
Source: Ownwell