Daniels, West Virginia Property Taxes
The median property tax rate in Daniels, WV is 0.72%, which aligns with the state median but is notably lower than the national median of 0.99%. With the median home value in Daniels at $138,700, the typical annual property tax bill amounts to $997, significantly below the national median of $2,690. Property taxes in Daniels are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Daniels' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Daniels or another part of Raleigh County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Daniels, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$999
Ownwell’s Daniels Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Daniels with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Daniels 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 Daniels, West Virginia
Property taxes in Daniels, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Daniels is 0.72%, which is lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Daniels set these rates annually, and they can vary significantly across different neighborhoods. Each year, Daniels 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 Daniels' effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25832 zip code has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these cities compare with Daniels 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 Daniels 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 Daniels, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25832 | 0.49% | 0.65% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Daniels, West Virginia
In Daniels, 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 Raleigh 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 Daniels, 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 Daniels helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Daniels is 25832, with a median tax bill of $997.
Average Daniels Assessed Value
$138,700
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 Daniels, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25832 | $28,580 | $76,100 | $138,700 | $267,000 | $402,920 |
Source: Ownwell
Property Tax Bills Across Daniels, West Virginia
In Daniels, located in Raleigh County, WV, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Various factors such as property size, location, and condition influence this valuation. The local tax rate is applied to the assessed value to determine the annual tax bill. For example, with a median home price of $138,700, homeowners in Daniels can expect a range of tax bills. The 25th percentile tax bill is around $494, while the 75th percentile reaches $1,972. Higher-end properties can see tax bills up to $3,063 at the 90th percentile. These property taxes fund essential community services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Daniels offers a relatively affordable tax environment, benefiting homeowners by keeping their annual expenses lower.
Average Daniels Tax Bill
$997
Average Raleigh County Tax Bill
$419
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Daniels, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25832 | $186 | $494 | $997 | $1,972 | $3,063 |
Source: Ownwell