Dawes, West Virginia Property Taxes
The median property tax rate in Dawes, WV is 0.76%, 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 Dawes at $67,200, the typical annual property tax bill is approximately $415, significantly below the national median of $2,690. Property taxes in Dawes 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 Dawes' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Dawes 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
Dawes, 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 Dawes Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Dawes with just two simple data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dawes to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities with ease. For those interested in more granular details, neighborhood-level trends are available for further insights. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Dawes, West Virginia
Property taxes in Dawes, West Virginia, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Dawes is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Dawes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dawes 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 Dawes' effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25054 has the highest median property tax rate of 0.76%, while the same zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Dawes 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 Dawes 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 Dawes, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25054 | 0.36% | 0.45% | 0.76% | 0.76% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Dawes, West Virginia
In Dawes, 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 Dawes, 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. The median home price in Dawes is $67,200, with tax bills ranging widely. For instance, the 25th percentile tax bill is $260, while the 75th percentile tax bill is $606. Interestingly, the highest and lowest median tax bills are both $415, found in the zip code 25054. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dawes Assessed Value
$67,200
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 Dawes, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25054 | $27,160 | $44,500 | $67,200 | $85,200 | $113,220 |
Source: Ownwell
Property Tax Bills Across Dawes, West Virginia
In Dawes, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value determined by local assessors. The tax rate, set by local taxing authorities, is then applied to this assessed value. Factors such as property size, location, and improvements can influence the assessed value. For homeowners, this means that any changes in property value or tax rates directly impact their tax bills. In Kanawha County, where Dawes is located, the median home price is $67,200. Property tax bills can vary significantly, with the 25th percentile at $260 and the 75th percentile at $606. At the higher end, the 90th percentile tax bill reaches $911. These figures illustrate the range of property tax obligations homeowners might face. Compared to the national median property tax rate of 0.99%, the property tax rates in Dawes reflect the local economic conditions and property values, affecting how much homeowners ultimately pay each year.
Average Dawes Tax Bill
$415
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Dawes, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25054 | $168 | $260 | $415 | $606 | $911 |
Source: Ownwell