Rhodell, West Virginia Property Taxes
The median property tax rate in Rhodell, WV is 0.72%, which aligns with the state median but falls below the national median of 0.99%. With a median home value of $7,700 in Rhodell, the typical annual property tax bill is $61, significantly lower than the national median of $2,690. Property taxes in Rhodell are calculated based on the tax assessed value, which often remains below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Rhodell’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rhodell or another part of Raleigh County, getting to know the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rhodell, 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 Rhodell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rhodell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rhodell 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 Rhodell, West Virginia
Property taxes in Rhodell, 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 Rhodell is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Rhodell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rhodell 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 Rhodell's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25915 has both the highest and lowest median property tax rate of 0.72%. Understanding how these areas compare with Rhodell 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 Rhodell 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 Rhodell, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25915 | 0.72% | 0.72% | 0.72% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Rhodell, West Virginia
In Rhodell, 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 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 Rhodell, 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 Rhodell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The 25th percentile tax bill is $35, while the 75th percentile tax bill is $116, with the 90th percentile reaching $183.
Average Rhodell Assessed Value
$7,700
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 Rhodell, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25915 | $1,260 | $3,950 | $7,700 | $14,250 | $20,580 |
Source: Ownwell
Property Tax Bills Across Rhodell, West Virginia
In Rhodell, located in Raleigh County, WV, property tax bills are calculated based on the assessed value of the property. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's market value, any applicable exemptions, and the specific tax rate set by local authorities. For homeowners in Rhodell, the median home price is $7,700, which is significantly lower than the national median. Consequently, property tax bills in this area are relatively modest. For instance, at the 25th percentile, homeowners might expect to pay around $35 annually, while those at the 75th percentile could see tax bills of approximately $116. At the higher end, the 90th percentile tax bill reaches $183. These figures illustrate how property tax rates in Rhodell compare favorably to the national median property tax rate of 0.99%, offering a more affordable living situation for homeowners in this region.
Average Rhodell Tax Bill
$61
Average Raleigh County Tax Bill
$419
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Rhodell, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25915 | $14 | $35 | $61 | $116 | $183 |
Source: Ownwell