Purgitsville, West Virginia Property Taxes
The median property tax rate in Purgitsville, WV is 0.46%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $107,200 in Purgitsville, the typical annual property tax bill is $461, well below the national median of $2,690. Property taxes in Purgitsville 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 Purgitsville'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 Purgitsville 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
Purgitsville, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$493
Ownwell’s Purgitsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Purgitsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Purgitsville 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 Purgitsville, West Virginia
Property taxes in Purgitsville, 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 Purgitsville is 0.46%, which is lower than the U.S. national median of 0.99%. Local government entities within Purgitsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Purgitsville 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 Purgitsville's effective property tax rate to other counties in West Virginia and the national median. For comparison, the highest and lowest median property tax rates in Hardy County are both 0.46%, which is the same as Purgitsville's rate. Understanding how these cities compare with Purgitsville provides valuable insights into the varying tax landscape across Hardy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Purgitsville Tax Rate
0.46%
Average Hardy County Tax Rate
0.46%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Purgitsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26852 | 0.29% | 0.36% | 0.46% | 0.46% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Purgitsville, West Virginia
In Purgitsville, 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 Hardy 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. 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 Purgitsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Purgitsville, the zip code 26852 has the highest median tax bill at $461, which is notably lower than the national median property tax rate of 0.99%. This understanding can help property owners make informed decisions and potentially reduce their tax liabilities.
Property Tax Assessment Values Across Purgitsville, West Virginia
Source: Ownwell
$62,250
$223,375
$384,500
Average Purgitsville Assessed Value
$107,200
Average Hardy County Assessed Value
$93,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Purgitsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26852 | $39,600 | $67,300 | $107,200 | $145,300 | $176,400 |
Source: Ownwell
Property Tax Bills Across Purgitsville, West Virginia
In Purgitsville, Hardy County, WV, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which in Purgitsville is influenced by various factors including location, property size, and market conditions. The local tax rate in Purgitsville is designed to generate revenue for essential public services such as schools, roads, and emergency services. For homeowners in Purgitsville, the median home price stands at $107,200. Property tax bills can vary significantly, with the 25th percentile around $272 and the 75th percentile reaching $637. Homeowners at the 90th percentile may see tax bills as high as $820. Despite these variations, the highest and lowest median tax bill in the area both stand at $461, which is relatively modest compared to the national median property tax rate of 0.99%. This makes Purgitsville an attractive location for homeowners looking for lower property tax burdens.
Average Purgitsville Tax Bill
$461
Average Hardy County Tax Bill
$439
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Purgitsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26852 | $159 | $272 | $461 | $637 | $820 |
Source: Ownwell