Cabins, West Virginia Property Taxes
The median property tax rate in Cabins, WV is 0.41%, 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 Cabins at $71,300, the typical annual property tax bill amounts to $253, which is well below the national median of $2,690. Property taxes in Cabins are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cabins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cabins or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cabins, 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 Cabins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cabins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cabins 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 Cabins, West Virginia
Property taxes in Cabins, 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 Cabins is 0.41%, significantly lower than the U.S. national median of 0.99%. Local government entities within Cabins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cabins 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 Cabins' effective property tax rate to other counties and the national median. For comparison, the zip code 26855 has both the highest and lowest median property tax rate in Pendleton County, standing at 0.41%. Understanding how these cities compare with Cabins provides valuable insights into the varying tax landscape across Pendleton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cabins Tax Rate
0.41%
Average Pendleton County Tax Rate
0.41%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cabins, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26855 | 0.24% | 0.37% | 0.41% | 0.41% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Cabins, West Virginia
In Cabins, 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 Pendleton 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 Cabins, 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 Cabins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Cabins are both $253, found in the 26855 zip code.
Average Cabins Assessed Value
$71,300
Average Pendleton County Assessed Value
$98,400
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cabins, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26855 | $13,720 | $25,800 | $71,300 | $98,700 | $132,340 |
Source: Ownwell
Property Tax Bills Across Cabins, West Virginia
In Cabins, Pendleton County, WV, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the market value of the property. Factors such as property size, location, and improvements are considered during assessment. For example, with a median home price of $71,300, homeowners in Cabins can expect varying tax bills. The 25th percentile tax bill is around $113, while the 75th percentile reaches $378. At the 90th percentile, tax bills can go up to $598. These figures illustrate the range of tax burdens homeowners might face, influenced by the assessed value and applicable exemptions. Compared to the national median property tax rate of 0.99%, Cabins offers a relatively affordable property tax environment. This lower tax burden can make homeownership more accessible and financially manageable for residents, potentially enhancing the overall appeal of living in Cabins.
Average Cabins Tax Bill
$253
Average Pendleton County Tax Bill
$396
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Cabins, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26855 | $52 | $113 | $253 | $378 | $598 |
Source: Ownwell