Hansford, West Virginia Property Taxes
The median property tax rate in Hansford, 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 a median home value of $58,900 in Hansford, the typical annual property tax bill amounts to $378, which is significantly below the national median of $2,690. Property taxes in Hansford are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Hansford'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 Hansford 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
Hansford, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$448
Ownwell’s Hansford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hansford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hansford 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 Hansford, West Virginia
Property taxes in Hansford, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hansford is 0.64%, which is lower than the West Virginia state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Hansford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hansford 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 Hansford's effective property tax rate to other counties in West Virginia and the national median. For comparison, the highest median property tax rate in Kanawha County is 0.76%, while the lowest median tax rate is also 0.76%. Understanding how these cities compare with Hansford 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 Hansford 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 Hansford, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25103 | 0.35% | 0.52% | 0.76% | 0.76% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Hansford, West Virginia
In Hansford, 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 Appraisal District 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 Hansford, 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 Hansford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 25103 at $378.00, while the lowest is also 25103 at $378.00.
Average Hansford Assessed Value
$58,900
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 Hansford, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25103 | $10,600 | $32,200 | $58,900 | $85,800 | $121,100 |
Source: Ownwell
Property Tax Bills Across Hansford, West Virginia
In Hansford, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Hansford can expect property tax bills that vary significantly depending on their property's value and location within the city. For instance, the median home price in Hansford is $58,900, and the tax bills range from $207 at the 25th percentile to $888 at the 90th percentile. Several factors influence these tax bills, including local government budgets, school funding requirements, and public service needs. Compared to the national median property tax rate of 0.99%, Hansford's property tax rates can be seen as relatively modest. This variability in tax bills can significantly impact homeowners, affecting affordability and overall financial planning. Understanding these factors allows homeowners to better anticipate their annual property tax obligations and manage their finances accordingly.
Average Hansford Tax Bill
$378
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Hansford, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25103 | $102 | $207 | $378 | $635 | $888 |
Source: Ownwell