White Sulphur Springs, West Virginia Property Taxes
The median property tax rate in White Sulphur Springs, WV is 0.39%, considerably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in White Sulphur Springs at $15,800, the typical annual property tax bill reaches $96, significantly below the national median of $2,690. Property taxes in White Sulphur Springs are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding White Sulphur Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of White Sulphur Springs or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
White Sulphur Springs, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$62
Ownwell’s White Sulphur Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in White Sulphur Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Sulphur Springs 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 White Sulphur Springs, West Virginia
Property taxes in White Sulphur Springs, 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 White Sulphur Springs is 0.39%, significantly lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within White Sulphur Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Sulphur Springs 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 White Sulphur Springs' effective property tax rate to other counties in West Virginia and the national median. For comparison, the highest median property tax rate in West Virginia is 0.59%, while the lowest median tax rate is 0.29%. Understanding how these cities compare with White Sulphur Springs provides valuable insights into the varying tax landscape across Pocahontas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average White Sulphur Springs Tax Rate
0.39%
Average Pocahontas County Tax Rate
0.39%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across White Sulphur Springs, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24986 | 0.32% | 0.39% | 0.39% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across White Sulphur Springs, West Virginia
In White Sulphur Springs, 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 Pocahontas 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 White Sulphur Springs, 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 here is $15,800, with tax bills ranging from $52 at the 25th percentile to $553 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across White Sulphur Springs, West Virginia
Source: Ownwell
$15,800
$78,550
$141,300
Average White Sulphur Springs Assessed Value
$15,800
Average Pocahontas County Assessed Value
$74,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across White Sulphur Springs, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24986 | $6,500 | $10,200 | $15,800 | $68,650 | $100,520 |
Source: Ownwell
Property Tax Bills Across White Sulphur Springs, West Virginia
In White Sulphur Springs, located in Pocahontas County, WV, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by county assessors who evaluate the property's market value and then apply an assessment ratio. This ratio typically represents a percentage of the market value, ensuring that property taxes are equitable across different property types and values. The tax rate, known as the mill rate, is then applied to the assessed value to calculate the annual tax bill. For homeowners in White Sulphur Springs, the median home price is $15,800. Property tax bills can vary significantly, with the 25th percentile tax bill at $52 and the 75th percentile at $232. At the higher end, the 90th percentile tax bill reaches $553. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly affecting homeowners by contributing to the community's overall quality of life. Understanding these factors can help homeowners anticipate their property tax obligations and plan accordingly.
Average White Sulphur Springs Tax Bill
$96
Average Pocahontas County Tax Bill
$346
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across White Sulphur Springs, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24986 | $28 | $52 | $96 | $232 | $553 |
Source: Ownwell