Liberty, West Virginia Property Taxes
The median property tax rate in Liberty, WV is 0.76%, which is 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 Liberty at $96,200, the typical annual property tax bill is $775, significantly below the national median of $2,690. Property taxes in Liberty are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Liberty'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 Liberty 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
Liberty, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$731
Ownwell’s Liberty Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Liberty with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Liberty 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 Liberty, West Virginia
Property taxes in Liberty, 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 Liberty is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Liberty set these rates annually, and they can vary significantly across different neighborhoods. Each year, Liberty 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 Liberty's effective property tax rate to other areas in West Virginia and the national median. For comparison, the 25124 zip code has both the highest and lowest median property tax rate of 0.76%. Understanding how these areas compare with Liberty 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 Liberty 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 Liberty, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25124 | 0.50% | 0.71% | 0.76% | 0.76% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Liberty, West Virginia
In Liberty, 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 Liberty, 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 Liberty helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills in Liberty is 25124, both with a median tax bill of $775.
Average Liberty Assessed Value
$96,200
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 Liberty, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25124 | $31,700 | $53,100 | $96,200 | $161,600 | $276,200 |
Source: Ownwell
Property Tax Bills Across Liberty, West Virginia
In Liberty, located in Kanawha County, WV, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county assessor's office, which reviews the property's market value and applies an assessment ratio. For homeowners in Liberty, the median home price is $96,200. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For instance, homeowners in the 25th percentile can expect a tax bill around $676, while those in the 75th percentile may see bills up to $1,223. In some cases, tax bills can go as high as $1,930 for homes in the 90th percentile. These property taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Liberty offers a relatively competitive rate, making it an appealing location for potential homeowners.
Average Liberty Tax Bill
$775
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Liberty, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25124 | $439 | $676 | $775 | $1,223 | $1,930 |
Source: Ownwell