Amherstdale, West Virginia Property Taxes
The median property tax rate in Amherstdale, WV is 0.75%, slightly higher than the West Virginia state median of 0.72% but lower than the national median of 0.99%. With a median home value of $39,050, the typical annual property tax bill in Amherstdale is $270, well below the national median of $2,690. Property taxes in Amherstdale are calculated based on the assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Amherstdale'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 Amherstdale or elsewhere in Logan County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Amherstdale, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$293
Ownwell’s Amherstdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Amherstdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amherstdale 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 Amherstdale, West Virginia
Property taxes in Amherstdale, West Virginia, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Amherstdale is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Amherstdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amherstdale 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 Amherstdale's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25607 zip code has both the highest and lowest median property tax rate of 0.75%. Understanding how these cities compare with Amherstdale provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amherstdale Tax Rate
0.75%
Average Logan County Tax Rate
0.75%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amherstdale, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25607 | 0.21% | 0.44% | 0.75% | 0.75% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Amherstdale, West Virginia
In Amherstdale, 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 Logan County Assessor's Office 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 Amherstdale, 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. The median home price in Amherstdale is $39,050, with tax bills ranging significantly. The highest median tax bill in the area is $270.00 in the 25607 zip code. Being aware of these valuation processes in Amherstdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Amherstdale, West Virginia
Source: Ownwell
$19,000
$72,100
$125,200
Average Amherstdale Assessed Value
$39,050
Average Logan County Assessed Value
$40,900
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amherstdale, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25607 | $13,460 | $24,525 | $39,050 | $58,800 | $85,640 |
Source: Ownwell
Property Tax Bills Across Amherstdale, West Virginia
In Amherstdale, Logan County, WV, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is a percentage of the market value, reflecting the home's worth in the current real estate market. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For instance, with a median home price of $39,050, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $129, while the 75th percentile reaches $443, and the 90th percentile can go up to $639. These taxes fund essential public services such as schools, roads, and emergency services, directly impacting the quality of life in the community. Homeowners in Amherstdale benefit from relatively lower property tax rates compared to the national median of 0.99%, making it a more affordable place to own property. However, it's crucial for homeowners to stay informed about their property's assessed value and any changes in local tax rates to manage their expenses effectively.
Average Amherstdale Tax Bill
$270
Average Logan County Tax Bill
$306
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Amherstdale, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25607 | $56 | $129 | $270 | $443 | $639 |
Source: Ownwell