Given, West Virginia Property Taxes
The median property tax rate in Given, WV is 0.75%, slightly higher than the state median of 0.72% but still below the national median of 0.99%. With the median home value in Given at $104,200, the typical annual property tax bill is $671, significantly less than the national median of $2,690. Property taxes in Given 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 Given'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 Given or another part of Jackson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Given, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$782
Ownwell’s Given Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Given with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Given 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 Given, West Virginia
Property taxes in Given, 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 Given is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Given set these rates annually, and they can vary significantly across different neighborhoods. Each year, Given 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 Given's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25245 zip code has both the highest and lowest median property tax rate of 0.75%. Understanding how these areas compare with Given provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Given Tax Rate
0.75%
Average Jackson County Tax Rate
0.75%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Given, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25245 | 0.46% | 0.60% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Given, West Virginia
In Given, 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 Jackson 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 Given, 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 Given helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $671.00 in the 25245 zip code, which is also the lowest median tax bill.
Average Given Assessed Value
$104,200
Average Jackson County Assessed Value
$84,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Given, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25245 | $30,940 | $63,400 | $104,200 | $147,100 | $197,220 |
Source: Ownwell
Property Tax Bills Across Given, West Virginia
Property tax bills in Jackson County, WV, including the city of Given, are calculated based on the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the property's market value. For instance, if a home's market value is $104,200, the assessed value would be a fraction of this amount, determined by local assessment practices. The local tax rate is then applied to the assessed value to determine the annual tax bill. In Given, the median property tax bill is $671, which is relatively low compared to the national median property tax rate of 0.99%. Homeowners in the 25th percentile pay around $395, while those in the 75th percentile pay approximately $1,097. At the 90th percentile, the tax bill can reach up to $1,463. These property taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Lower tax bills can make homeownership more affordable, but they may also reflect fewer resources for community services.
Average Given Tax Bill
$671
Average Jackson County Tax Bill
$636
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Given, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25245 | $196 | $395 | $671 | $1,097 | $1,463 |
Source: Ownwell