Fort Seybert, West Virginia Property Taxes
The median property tax rate in Fort Seybert, 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 Fort Seybert at $163,800, the typical annual property tax bill is $657, well below the national median of $2,690. Property taxes in Fort Seybert 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 Fort Seybert'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 Fort Seybert or another part of Pendleton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fort Seybert, 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 Fort Seybert Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Seybert with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Seybert 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 Fort Seybert, West Virginia
Property taxes in Fort Seybert, 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 Fort Seybert is 0.41%, significantly lower than the U.S. national median of 0.99%. Local government entities within Fort Seybert set these rates annually, and they can vary across different neighborhoods. Each year, Fort Seybert 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 Fort Seybert's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 26802 has the highest median property tax rate of 0.41%, while the same zip code also has the lowest median tax rate of 0.41%. Understanding how Fort Seybert compares with other regions in Pendleton County provides valuable insights into the varying tax landscape across the area, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Seybert 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 Fort Seybert, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26802 | 0.41% | 0.41% | 0.41% | 0.41% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Fort Seybert, West Virginia
In Fort Seybert, 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 Fort Seybert, 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 Fort Seybert helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 26802 has the highest and lowest median tax bill at $657.
Property Tax Assessment Values Across Fort Seybert, West Virginia
Source: Ownwell
$64,700
$114,250
$163,800
Average Fort Seybert Assessed Value
$163,800
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 Fort Seybert, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26802 | $59,900 | $106,400 | $163,800 | $191,775 | $198,690 |
Source: Ownwell
Property Tax Bills Across Fort Seybert, West Virginia
In Fort Seybert, Pendleton County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the property's market value. Homeowners in Fort Seybert can expect their property tax bill to vary significantly, reflecting the assessed value and the local tax rate. For instance, the median home price in the area is $163,800, with property tax bills ranging from $377 at the 25th percentile to $784 at the 90th percentile. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Fort Seybert's property tax bills are relatively moderate, providing some financial relief to homeowners. Understanding how these factors interplay helps homeowners anticipate their annual tax liabilities and plan their finances accordingly.
Average Fort Seybert Tax Bill
$657
Average Pendleton County Tax Bill
$396
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Seybert, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26802 | $237 | $377 | $657 | $728 | $784 |
Source: Ownwell