Kearneysville, West Virginia Property Taxes
The median property tax rate in Kearneysville, 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 the median home value in Kearneysville at $223,700, the typical annual property tax bill is $1,589, significantly below the national median of $2,690. Property taxes in Kearneysville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kearneysville'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 Kearneysville or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kearneysville, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,566
Ownwell’s Kearneysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kearneysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kearneysville 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 Kearneysville, West Virginia
Property taxes in Kearneysville, 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 Kearneysville is 0.70%, lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Kearneysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kearneysville 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 Kearneysville's effective property tax rate to other areas in Jefferson County and the national median. For comparison, the zip code 25430 has both the highest and lowest median property tax rate of 0.70%. Understanding how these areas compare with Kearneysville 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 Kearneysville 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 Kearneysville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25430 | 0.57% | 0.67% | 0.70% | 0.70% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Kearneysville, West Virginia
In Kearneysville, 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 Kearneysville, 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 Kearneysville 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 $1,589 in the 25430 zip code, while the lowest is also $1,589 in the same zip code.
Property Tax Assessment Values Across Kearneysville, West Virginia
Source: Ownwell
$121,900
$238,400
$354,900
Average Kearneysville Assessed Value
$223,700
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 Kearneysville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25430 | $86,220 | $135,000 | $223,700 | $339,700 | $461,900 |
Source: Ownwell
Property Tax Bills Across Kearneysville, West Virginia
In Kearneysville, Jefferson County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, the median home price in Kearneysville is $223,700, and this figure plays a crucial role in calculating the tax bill. Factors such as property size, location, and improvements can influence the assessed value, thus affecting the tax bill. Homeowners in Kearneysville can expect varying tax bills depending on their property's assessed value. The tax bill at the 25th percentile is around $993, while at the 75th percentile, it rises to $2,421. For those at the 90th percentile, the tax bill can reach up to $3,278. Comparatively, the national median property tax rate is 0.99%, highlighting how local rates and property values significantly impact the financial responsibilities of homeowners in this region.
Average Kearneysville Tax Bill
$1,589
Average Jefferson County Tax Bill
$2,072
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Kearneysville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25430 | $628 | $993 | $1,589 | $2,421 | $3,278 |
Source: Ownwell