Cabin Creek, West Virginia Property Taxes
The median property tax rate in Cabin Creek, WV is 0.76%, slightly higher than the West Virginia state median of 0.72% but still below the national median of 0.99%. With a median home value of $53,050 in Cabin Creek, the typical annual property tax bill amounts to $368, significantly lower than the national median of $2,690. Property taxes in Cabin Creek are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Cabin Creek's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Cabin Creek or another part of Kanawha County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cabin Creek, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$403
Ownwell’s Cabin Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cabin Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cabin Creek 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 Cabin Creek, West Virginia
Property taxes in Cabin Creek, 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 Cabin Creek is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Cabin Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cabin Creek 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 Cabin Creek's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 25035 has both the highest and lowest median property tax rate of 0.76%. Understanding how these areas compare with Cabin Creek provides valuable insights into the varying tax landscape across Kanawha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cabin Creek Tax Rate
0.76%
Average Kanawha County Tax Rate
0.76%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cabin Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25035 | 0.32% | 0.53% | 0.76% | 0.76% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Cabin Creek, West Virginia
In Cabin Creek, 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 Kanawha County Assessor's Office 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 Cabin Creek, 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 Cabin Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $53,050, with tax bills ranging from $217 at the 25th percentile to $900 at the 90th percentile. The highest and lowest median tax bill is $368 in the 25035 zip code.
Property Tax Assessment Values Across Cabin Creek, West Virginia
Source: Ownwell
$23,100
$104,350
$185,600
Average Cabin Creek Assessed Value
$53,050
Average Kanawha County Assessed Value
$88,100
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cabin Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25035 | $15,950 | $33,275 | $53,050 | $68,825 | $91,550 |
Source: Ownwell
Property Tax Bills Across Cabin Creek, West Virginia
In Cabin Creek, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. The assessed value is a percentage of the property's market value, reflecting its worth in the real estate market. Factors such as property size, location, and condition influence this assessment. For homeowners in Cabin Creek, the median home price is $53,050. The property tax rate in Kanawha County is applied to this assessed value to determine the tax bill. For instance, tax bills in the 25th percentile are around $217, while those in the 75th percentile reach up to $606. The highest median tax bill in the area is $368, consistent across the zip code 25035. Understanding these factors is crucial for homeowners, as property taxes can significantly impact annual expenses. Comparing the local tax rate to the national median of 0.99%, it's evident that property taxes in Cabin Creek are relatively moderate, providing a balanced approach to funding community services while maintaining affordability.
Average Cabin Creek Tax Bill
$368
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Cabin Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25035 | $122 | $217 | $368 | $606 | $900 |
Source: Ownwell