Dille, West Virginia Property Taxes
The median property tax rate in Dille, WV is 0.20%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Dille at $50,700, the typical annual property tax bill amounts to $102, which is far below the national median of $2,690. Property taxes in Dille are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Dille'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 Dille or another part of Nicholas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dille, 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 Dille Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dille with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dille 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 Dille, West Virginia
Property taxes in Dille, West Virginia, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Dille is 0.20%, significantly lower than both the West Virginia state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Dille set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dille 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 Dille's effective property tax rate to other counties in West Virginia and the national median. For comparison, the highest median property tax rate in the state is 0.83%, while the lowest median tax rate is 0.26%. Understanding how these cities compare with Dille provides valuable insights into the varying tax landscape across Nicholas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dille Tax Rate
0.20%
Average Nicholas County Tax Rate
0.59%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dille, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26617 | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% |
Source: Ownwell
Property Tax Assessment Values Across Dille, West Virginia
In Dille, 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 Nicholas 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 Dille, 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 Dille helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 26617 has both the highest and lowest median tax bill, each at $102.
Average Dille Assessed Value
$50,700
Average Nicholas County Assessed Value
$56,300
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dille, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26617 | $50,700 | $50,700 | $50,700 | $50,700 | $50,700 |
Source: Ownwell
Property Tax Bills Across Dille, West Virginia
In Dille, Nicholas County, WV, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor's office and is typically a percentage of the property's market value. For homeowners in Dille, the median home price is $50,700. The property tax rate in this area is relatively low, with the tax bill consistently being $102 across various percentiles, including the 25th, 75th, and 90th percentiles. This uniform tax bill indicates a stable and predictable property tax environment for homeowners. The property tax bill is influenced by several factors, including the assessed value of the property and the local tax rate. Compared to the national median property tax rate of 0.99%, the property tax rate in Dille is significantly lower, making it an attractive location for homeowners seeking affordability. This lower tax burden can positively impact homeowners by reducing their overall housing costs, allowing for more financial flexibility and potentially increasing the appeal of owning property in Dille.
Average Dille Tax Bill
$102
Average Nicholas County Tax Bill
$332
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Dille, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26617 | $102 | $102 | $102 | $102 | $102 |
Source: Ownwell