Henderson, West Virginia Property Taxes
The median property tax rate in Henderson, WV is 0.71%, slightly below the state median of 0.72% and the national median of 0.99%. With the median home value in Henderson at $42,450, the typical annual property tax bill is $333, which is significantly lower than the national median of $2,690. Property taxes in Henderson are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Henderson'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 Henderson or another part of the city, being well-informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Henderson, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$301
Ownwell’s Henderson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Henderson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Henderson 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 Henderson, West Virginia
Property taxes in Henderson, 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 Henderson is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Henderson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Henderson 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 Henderson's effective property tax rate to other areas in Mason County and the national median. For comparison, the zip code 25106 has both the highest and lowest median property tax rate of 0.71%, underscoring the uniformity in tax rates within the region. Understanding how these figures compare with Henderson provides valuable insights into the varying tax landscape across Mason County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Henderson Tax Rate
0.71%
Average Mason County Tax Rate
0.71%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Henderson, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25106 | 0.35% | 0.60% | 0.71% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Henderson, West Virginia
In HENDERSON, 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 local 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 HENDERSON, 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 HENDERSON helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $333 in the 25106 zip code, while the lowest median tax bill is also $333 in the same zip code.
Average Henderson Assessed Value
$42,450
Average Mason County Assessed Value
$68,400
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Henderson, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25106 | $7,750 | $21,850 | $42,450 | $80,250 | $119,390 |
Source: Ownwell
Property Tax Bills Across Henderson, West Virginia
In Henderson, WV, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor’s office. The assessed value is then multiplied by the property tax rate to determine the annual tax bill. The median home price in Henderson is $42,450, which provides a baseline for understanding tax obligations in the area. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For instance, the 25th percentile tax bill stands at $184, while the 75th percentile tax bill is $629, and the 90th percentile tax bill reaches $974. This range shows how property characteristics and exemptions can significantly affect what homeowners pay. Compared to the national median property tax rate of 0.99%, Henderson's property taxes reflect the local economic conditions and property values. Homeowners need to be aware of these factors as they directly impact their annual financial responsibilities and the overall affordability of owning property in the area.
Average Henderson Tax Bill
$333
Average Mason County Tax Bill
$486
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Henderson, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25106 | $69 | $184 | $333 | $629 | $974 |
Source: Ownwell