Charleston, West Virginia Property Taxes
The median property tax rate in Charleston, WV is 0.81%, slightly lower than the national median of 0.99% but higher than the West Virginia state median of 0.72%. With the median home value in Charleston at $97,250, the typical annual property tax bill amounts to $890, which is below the national median of $2,690. Property taxes in Charleston are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Charleston'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 Charleston or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Charleston, West Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Charleston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Charleston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Charleston 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 Charleston, West Virginia
Property taxes in Charleston, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Charleston is 0.81%, lower than the U.S. national median of 0.99%. Local government entities within Charleston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Charleston 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 Charleston's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25322 zip code has the highest median property tax rate of 1.51%, while the 25324 zip code has the lowest median tax rate of 0.58%. Understanding how these cities compare with Charleston 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 Charleston Tax Rate
0.81%
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 Charleston, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25301 | 0.71% | 0.97% | 0.97% | 1.93% | 1.93% |
| 25302 | 0.52% | 0.76% | 0.97% | 1.51% | 1.93% |
| 25303 | 0.33% | 0.49% | 0.76% | 1.36% | 1.72% |
| 25304 | 0.73% | 0.81% | 0.97% | 0.97% | 1.93% |
| 25306 | 0.34% | 0.52% | 0.76% | 0.76% | 1.51% |
| 25309 | 0.76% | 0.78% | 1.18% | 1.51% | 1.51% |
| 25311 | 0.53% | 0.76% | 0.97% | 1.51% | 1.93% |
| 25312 | 0.46% | 0.60% | 0.76% | 0.76% | 1.51% |
| 25313 | 0.53% | 0.64% | 0.76% | 0.76% | 1.51% |
| 25314 | 0.73% | 0.81% | 0.97% | 0.97% | 1.51% |
| 25315 | 0.43% | 0.63% | 0.91% | 0.91% | 1.81% |
| 25320 | 0.44% | 0.60% | 0.76% | 0.76% | 1.51% |
| 25321 | 0.68% | 0.76% | 0.76% | 1.14% | 1.52% |
| 25322 | 1.51% | 1.51% | 1.51% | 1.51% | 1.51% |
| 25324 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| 25387 | 0.39% | 0.97% | 0.97% | 1.93% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Charleston, West Virginia
In Charleston, 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. In Charleston, 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. For instance, the highest median tax bill in Charleston is $1,614 in the 25314 zip code, while the lowest median tax bill is $192 in the 25303 zip code. Being aware of these valuation processes in Charleston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Charleston, West Virginia
Source: Ownwell
$23,100
$104,350
$185,600
Average Charleston Assessed Value
$97,250
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 Charleston, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25301 | $46,400 | $67,775 | $125,000 | $174,350 | $281,600 |
| 25302 | $32,800 | $48,900 | $76,300 | $123,800 | $179,600 |
| 25303 | $17,200 | $28,300 | $46,800 | $68,700 | $81,840 |
| 25304 | $52,730 | $106,675 | $151,850 | $204,300 | $348,140 |
| 25306 | $14,600 | $39,900 | $59,700 | $81,200 | $115,020 |
| 25309 | $25,350 | $40,975 | $47,050 | $76,900 | $179,950 |
| 25311 | $23,720 | $53,800 | $89,200 | $157,700 | $294,540 |
| 25312 | $14,800 | $46,300 | $87,700 | $134,450 | $187,620 |
| 25313 | $41,300 | $80,500 | $121,500 | $163,200 | $220,100 |
| 25314 | $65,050 | $111,150 | $165,900 | $250,050 | $395,000 |
| 25315 | $19,030 | $44,800 | $64,200 | $86,725 | $113,530 |
| 25320 | $16,150 | $48,900 | $86,100 | $136,025 | $197,850 |
| 25321 | $3,010 | $6,400 | $38,150 | $84,275 | $103,610 |
| 25322 | $23,100 | $23,100 | $23,100 | $23,100 | $23,100 |
| 25324 | $145,500 | $145,500 | $145,500 | $145,500 | $145,500 |
| 25387 | $22,000 | $34,575 | $49,500 | $68,425 | $97,430 |
Source: Ownwell
Property Tax Bills Across Charleston, West Virginia
In Charleston, located in Kanawha County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors contribute to the assessed value, including property size, location, and market conditions. For instance, the median home price in Charleston is $97,250. Homeowners in Charleston experience a range of property tax bills. At the 25th percentile, the tax bill is approximately $494, while at the 75th percentile, it rises to about $1,464. The 90th percentile sees tax bills around $2,337. The highest median tax bill in the area is $1,614, found in zip code 25314, whereas the lowest median tax bill is $192 in zip code 25303. These tax bills impact homeowners' annual budgets and can influence decisions on property investments and homeownership in the region.
Average Charleston Tax Bill
$890
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Charleston, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25301 | $439 | $774 | $1,238 | $2,023 | $3,031 |
| 25302 | $278 | $511 | $833 | $1,238 | $1,757 |
| 25303 | $120 | $147 | $192 | $439 | $586 |
| 25304 | $575 | $1,029 | $1,502 | $2,223 | $3,706 |
| 25306 | $130 | $254 | $450 | $679 | $958 |
| 25309 | $272 | $442 | $628 | $649 | $1,489 |
| 25311 | $223 | $488 | $950 | $1,698 | $2,975 |
| 25312 | $164 | $369 | $654 | $1,020 | $1,468 |
| 25313 | $326 | $587 | $911 | $1,261 | $1,753 |
| 25314 | $587 | $1,058 | $1,614 | $2,450 | $3,826 |
| 25315 | $192 | $353 | $584 | $876 | $1,180 |
| 25320 | $164 | $358 | $652 | $1,050 | $1,564 |
| 25321 | $62 | $233 | $413 | $641 | $708 |
| 25322 | $349 | $349 | $349 | $349 | $349 |
| 25324 | $848 | $848 | $848 | $848 | $848 |
| 25387 | $165 | $321 | $570 | $849 | $1,134 |
Source: Ownwell