Cedar Grove, West Virginia Property Taxes
The median property tax rate in Cedar Grove, WV is 0.91%, slightly lower than the national median of 0.99% but higher than the West Virginia state median of 0.72%. With a median home value of $53,150 in Cedar Grove, the typical annual property tax bill is $509, which is significantly below the national median of $2,690. Property taxes in Cedar Grove are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cedar Grove'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 Cedar Grove or another part of Kanawha County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cedar Grove, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$484
Ownwell’s Cedar Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedar Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedar Grove 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 Cedar Grove, West Virginia
Property taxes in Cedar Grove, 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 Cedar Grove is 0.91%, which is slightly below the U.S. national median of 0.99%. Local government entities within Cedar Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedar Grove 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 Cedar Grove's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25039 zip code has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Cedar Grove 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 Cedar Grove Tax Rate
0.91%
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 Cedar Grove, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25039 | 0.42% | 0.76% | 0.91% | 1.81% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Cedar Grove, West Virginia
In Cedar Grove, 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 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. Assessment notices in Cedar Grove 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. For example, the median home price in Cedar Grove is $53,150, and the tax bill varies significantly across different percentiles, with the 25th percentile at $269 and the 90th percentile at $1,058. Notably, the zip code 25039 has both the highest and lowest median tax bills at $509. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Cedar Grove, West Virginia
Source: Ownwell
$23,100
$104,350
$185,600
Average Cedar Grove Assessed Value
$53,150
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 Cedar Grove, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25039 | $9,050 | $26,675 | $53,150 | $76,575 | $108,210 |
Source: Ownwell
Property Tax Bills Across Cedar Grove, West Virginia
In Cedar Grove, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $53,150, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $269 annually, while those in the 75th percentile might pay approximately $783. The tax bill for homes in the 90th percentile can reach up to $1,058. Several factors influence the tax bill, including the home's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. These taxes are crucial for funding community services such as schools, public safety, and infrastructure. Understanding this calculation helps homeowners anticipate their financial obligations and plan accordingly. Comparing these figures to the national median property tax rate of 0.99%, Cedar Grove's rates provide a context for evaluating local tax burdens.
Average Cedar Grove Tax Bill
$509
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar Grove, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25039 | $136 | $269 | $509 | $783 | $1,058 |
Source: Ownwell