Hugheston, West Virginia Property Taxes
The median property tax rate in Hugheston, WV is 0.76%, which is lower than the national median of 0.99% but slightly higher than the West Virginia state median of 0.72%. With the median home value in Hugheston at $45,500, the typical annual property tax bill amounts to $314, significantly below the national median of $2,690. Property taxes in Hugheston are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Hugheston's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hugheston or another part of Kanawha County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hugheston, 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 Hugheston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hugheston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hugheston 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 Hugheston, West Virginia
Property taxes in Hugheston, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hugheston is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Hugheston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hugheston 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 Hugheston's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25110 has a median property tax rate of 0.76%. Understanding how these cities compare with Hugheston 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 Hugheston 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 Hugheston, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25110 | 0.18% | 0.42% | 0.76% | 0.76% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Hugheston, West Virginia
In Hugheston, 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 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 Hugheston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 25110 has the highest median tax bill in the area at $314, while the lowest is also $314.
Property Tax Assessment Values Across Hugheston, West Virginia
Source: Ownwell
$23,100
$104,350
$185,600
Average Hugheston Assessed Value
$45,500
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 Hugheston, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25110 | $13,080 | $34,650 | $45,500 | $65,475 | $93,650 |
Source: Ownwell
Property Tax Bills Across Hugheston, West Virginia
In Hugheston, located in Kanawha County, 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 property tax bill. Several factors influence the final tax bill, including the size and location of the property, any improvements made, and the local tax rate set by the county. For homeowners in Hugheston, property tax bills can vary significantly. For example, the tax bill at the 25th percentile is $132, while at the 75th percentile, it rises to $524. At the 90th percentile, homeowners may see tax bills as high as $757. The median home price in Hugheston is $45,500, which is relatively low compared to national figures. This means that even though the property tax rate in Kanawha County may be in line with the national median of 0.99%, the actual tax bills are generally more affordable, providing some financial relief to homeowners in the area.
Average Hugheston Tax Bill
$314
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Hugheston, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25110 | $61 | $132 | $314 | $524 | $757 |
Source: Ownwell