Harpers Ferry, West Virginia Property Taxes
The median property tax rate in Harpers Ferry, WV is 0.70%, which is lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $247,300 in Harpers Ferry, the typical annual property tax bill amounts to $1,838, which is significantly below the national median of $2,690. Property taxes in Harpers Ferry are determined based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Harpers Ferry's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're in the heart of Harpers Ferry or another part of Jefferson County, gaining insight into the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Harpers Ferry, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,731
Ownwell’s Harpers Ferry Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Harpers Ferry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harpers Ferry 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 Harpers Ferry, West Virginia
Property taxes in Harpers Ferry, 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 Harpers Ferry is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Harpers Ferry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harpers Ferry 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 Harpers Ferry's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25425 has both the highest and lowest median property tax rate in the area, standing at 0.70%. Understanding how these cities compare with Harpers Ferry provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harpers Ferry Tax Rate
0.70%
Average Jefferson County Tax Rate
0.70%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harpers Ferry, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25425 | 0.62% | 0.70% | 0.70% | 0.70% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Harpers Ferry, West Virginia
In Harpers Ferry, 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 Jefferson 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 Harpers Ferry, 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 Harpers Ferry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $1,838 in the zip code 25425.
Property Tax Assessment Values Across Harpers Ferry, West Virginia
Source: Ownwell
$121,900
$238,400
$354,900
Average Harpers Ferry Assessed Value
$247,300
Average Jefferson County Assessed Value
$267,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harpers Ferry, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25425 | $72,240 | $165,025 | $247,300 | $354,750 | $456,600 |
Source: Ownwell
Property Tax Bills Across Harpers Ferry, West Virginia
In Harpers Ferry, Jefferson County, WV, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For homeowners in Harpers Ferry, the median home price is $247,300. The property tax rate in this area is applied to the assessed value to compute the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For instance, the 25th percentile tax bill is $1,216, while the 75th percentile reaches $2,639, and the 90th percentile climbs to $3,367. These figures suggest variability based on property characteristics and individual assessments. Homeowners in Harpers Ferry should be aware that their property tax bills can significantly impact their annual expenses. Understanding how these bills are calculated helps in financial planning and exploring potential appeals or exemptions to reduce the tax burden.
Average Harpers Ferry Tax Bill
$1,838
Average Jefferson County Tax Bill
$2,072
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Harpers Ferry, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25425 | $579 | $1,216 | $1,838 | $2,639 | $3,367 |
Source: Ownwell