Hernshaw, West Virginia Property Taxes
The median property tax rate in Hernshaw, WV is 0.76%, slightly below the national median of 0.99% but above the West Virginia state median of 0.72%. With a median home value of $63,400 in Hernshaw, the typical annual property tax bill is $484, which is considerably lower than the national median of $2,690. Property taxes in Hernshaw are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hernshaw'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 Hernshaw 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
Hernshaw, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$482
Ownwell’s Hernshaw Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Hernshaw. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Hernshaw to provide an accurate estimate of your property tax bill. This user-friendly tool helps you gain a clear understanding of your potential tax liabilities. For those interested in more detailed insights, including neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Hernshaw, West Virginia
Property taxes in Hernshaw, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hernshaw is 0.76%, lower than the U.S. national median of 0.99%. Local government entities within Hernshaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hernshaw 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 Hernshaw's effective property tax rate to other regions in West Virginia and the national median. For comparison, the 25107 zip code has both the highest and lowest median property tax rate of 0.76%. Understanding how these areas compare with Hernshaw 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 Hernshaw 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 Hernshaw, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25107 | 0.36% | 0.53% | 0.76% | 0.76% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Hernshaw, West Virginia
In Hernshaw, 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 Hernshaw, 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 Hernshaw 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 25107, with a median tax bill of $484.
Average Hernshaw Assessed Value
$63,400
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 Hernshaw, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25107 | $4,350 | $34,650 | $63,400 | $93,100 | $122,650 |
Source: Ownwell
Property Tax Bills Across Hernshaw, West Virginia
In Hernshaw, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Hernshaw is $63,400. The local property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners in Hernshaw, tax bills can vary significantly. The 25th percentile tax bill is $254, while the 75th percentile tax bill reaches $707. Those in the 90th percentile may see tax bills as high as $970. Compared to the national median property tax rate of 0.99%, Hernshaw's tax bills are relatively modest, providing some financial relief to homeowners. However, these taxes still represent a crucial part of local government funding, impacting services and infrastructure. Homeowners need to be aware of these factors to manage their finances effectively.
Average Hernshaw Tax Bill
$484
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Hernshaw, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25107 | $116 | $254 | $484 | $707 | $970 |
Source: Ownwell