Dawmont, West Virginia Property Taxes
The median property tax rate in Dawmont, WV is 1.42%, considerably higher than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Dawmont, the typical annual property tax bill reaches $95, which is significantly lower than the national median of $2,690. Property taxes in Dawmont 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 Dawmont'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 Dawmont or another part of Harrison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dawmont, 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 Dawmont Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dawmont with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Dawmont to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan accordingly. 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 Dawmont, West Virginia
Property taxes in Dawmont, 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 Dawmont is 0.58%, lower than both the West Virginia state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Dawmont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dawmont 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 Dawmont's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26301 zip code has the highest median property tax rate of 0.58%, while the 26301 zip code also has the lowest median tax rate of 0.58%. Understanding how these cities compare with Dawmont provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dawmont Tax Rate
1.42%
Average Harrison County Tax Rate
0.74%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dawmont, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26301 | 0.88% | 1.08% | 1.42% | 1.44% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Dawmont, West Virginia
In Dawmont, 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 Harrison 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 Dawmont, 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 Dawmont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest tax bills in the area can reach up to $266, while the lowest are around $69, showing a significant range that homeowners should be prepared for.
Average Dawmont Assessed Value
$6,500
Average Harrison County Assessed Value
$76,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dawmont, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26301 | $2,460 | $5,700 | $6,500 | $21,800 | $21,800 |
Source: Ownwell
Property Tax Bills Across Dawmont, West Virginia
In Dawmont, located in Harrison County, WV, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. Homeowners in Dawmont can expect their tax bills to be influenced by several factors, including the property's location, size, and any improvements made to it. For instance, in Dawmont, the median home price stands at $6,500. Property tax bills can vary significantly, with the 25th percentile tax bill being around $69 and the 75th percentile reaching up to $202. At the higher end, the 90th percentile tax bill is approximately $266. These figures highlight the range of property tax liabilities homeowners might face. Compared to the national median property tax rate of 0.99%, Dawmont's property taxes can be relatively low, offering some financial relief to homeowners. However, understanding the specific factors that affect individual tax bills is crucial for accurate financial planning.
Average Dawmont Tax Bill
$95
Average Harrison County Tax Bill
$688
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Dawmont, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26301 | $53 | $69 | $95 | $202 | $266 |
Source: Ownwell