Clear Creek, West Virginia Property Taxes
The median property tax rate in Clear Creek, WV is 0.72%, which aligns with the West Virginia state median but is lower than the national median of 0.99%. With a median home value of $29,450 in Clear Creek, the typical annual property tax bill amounts to $161, significantly below the national median of $2,690. Property taxes in Clear Creek are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Clear Creek'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 Clear Creek 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
Clear Creek, 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 Clear Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clear Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clear Creek 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 Clear Creek, West Virginia
Property taxes in Clear Creek, 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 Clear Creek is 0.59%, significantly lower than both the West Virginia state median of 0.58% and the U.S. national median of 0.99%. Local government entities within Clear Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clear Creek 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 Clear Creek's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25044 zip code has both the highest and lowest median property tax rate of 0.72%. Understanding how these cities compare with Clear Creek provides valuable insights into the varying tax landscape across Raleigh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clear Creek Tax Rate
0.72%
Average Raleigh County Tax Rate
0.72%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clear Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25044 | 0.12% | 0.37% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Clear Creek, West Virginia
In Clear Creek, 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 county's assessment 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 Clear Creek, 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. For example, the highest median tax bill in Clear Creek is $161 in zip code 25044, while the lowest median tax bill is also $161 in the same zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Clear Creek, West Virginia
Source: Ownwell
$6,300
$72,500
$138,700
Average Clear Creek Assessed Value
$29,450
Average Raleigh County Assessed Value
$52,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clear Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25044 | $7,440 | $19,775 | $29,450 | $46,200 | $62,910 |
Source: Ownwell
Property Tax Bills Across Clear Creek, West Virginia
Property tax bills in Clear Creek, Raleigh County, WV, are calculated based on the assessed value of a property, which is determined by local tax assessors. This assessed value is a percentage of the property's market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any improvements made to it. For instance, the median home price in Clear Creek is $29,450. Homeowners can expect their tax bills to vary, with the 25th percentile paying around $61 and the 75th percentile paying approximately $283. The 90th percentile sees tax bills as high as $422. These property taxes contribute to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Clear Creek's tax rates offer a relatively lower financial burden on homeowners, making it an attractive option for those looking to manage their expenses.
Average Clear Creek Tax Bill
$161
Average Raleigh County Tax Bill
$419
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Clear Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25044 | $18 | $61 | $161 | $283 | $422 |
Source: Ownwell