Hurricane, West Virginia Property Taxes
The median property tax rate in Hurricane, WV is 0.77%, slightly below the national median of 0.99% but higher than the West Virginia state median of 0.72%. With the median home value in Hurricane at $128,600, the typical annual property tax bill amounts to $996, which is significantly lower than the national median of $2,690. Property taxes in Hurricane are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Hurricane'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 Hurricane or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hurricane, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$990
Ownwell’s Hurricane Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hurricane with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hurricane 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 Hurricane, West Virginia
Property taxes in Hurricane, West Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hurricane is 0.54%, which is lower than both the West Virginia state median of 0.59% and the U.S. national median of 0.99%. Local government entities within Hurricane set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hurricane 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 Hurricane's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25526 zip code has the highest median property tax rate of 0.77%, while the same zip code also has the lowest median tax rate of 0.77%. Understanding how these areas compare with Hurricane provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hurricane Tax Rate
0.77%
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 Hurricane, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25526 | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Hurricane, West Virginia
In Hurricane, 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 Hurricane, 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 Hurricane helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $996, found in the 25526 zip code.
Property Tax Assessment Values Across Hurricane, West Virginia
Source: Ownwell
$23,100
$104,350
$185,600
Average Hurricane Assessed Value
$128,600
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 Hurricane, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25526 | $128,600 | $128,600 | $128,600 | $128,600 | $128,600 |
Source: Ownwell
Property Tax Bills Across Hurricane, West Virginia
In Hurricane, located in Kanawha County, WV, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $128,600 and a consistent tax bill of $996 at various percentiles, homeowners can expect a relatively predictable tax obligation. This calculation takes into account factors such as property size, location, and any improvements made to the property. Compared to the national median property tax rate of 0.99%, the tax rate in Hurricane appears to be more favorable, potentially offering homeowners some financial relief. However, the uniformity in tax bills, regardless of home value variations, suggests a stable but somewhat inflexible tax structure. This stability can be beneficial for budgeting purposes, but it may not fully reflect individual property values, affecting how homeowners perceive their property tax fairness.
Average Hurricane Tax Bill
$996
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Hurricane, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25526 | $996 | $996 | $996 | $996 | $996 |
Source: Ownwell