Huttonsville, West Virginia Property Taxes
The median property tax rate in Huttonsville, WV is 0.40%, 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 Huttonsville at $65,200, the typical annual property tax bill is $290, well below the national median of $2,690. Property taxes in Huttonsville 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 Huttonsville'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 Huttonsville or another part of Randolph County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Huttonsville, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$261
Ownwell’s Huttonsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huttonsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huttonsville 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 Huttonsville, West Virginia
Property taxes in Huttonsville, 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 Huttonsville is 0.40%, which is lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Huttonsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huttonsville 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 Huttonsville's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26273 zip code has the highest median property tax rate of 0.40%, while the same zip code also has the lowest median tax rate of 0.40%. Understanding how these cities compare with Huttonsville provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Huttonsville Tax Rate
0.40%
Average Randolph County Tax Rate
0.40%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huttonsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26273 | 0.27% | 0.40% | 0.40% | 0.55% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Huttonsville, West Virginia
In Huttonsville, 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 Randolph 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 Huttonsville, 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 Huttonsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 26273 in Huttonsville has the highest median tax bill at $290.
Property Tax Assessment Values Across Huttonsville, West Virginia
Source: Ownwell
$28,000
$66,900
$105,800
Average Huttonsville Assessed Value
$65,200
Average Randolph County Assessed Value
$82,600
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huttonsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26273 | $5,290 | $25,600 | $65,200 | $104,650 | $170,340 |
Source: Ownwell
Property Tax Bills Across Huttonsville, West Virginia
In Huttonsville, located in Randolph County, WV, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. This assessed value often represents a percentage of the property's market value. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. For homeowners in Huttonsville, the median home price is $65,200. Property tax bills can vary significantly, with the 25th percentile at $138 and the 75th percentile at $477. The 90th percentile tax bill can reach up to $720. These figures indicate that while some homeowners may have relatively low tax bills, others may face higher costs, depending on their property's assessed value. Comparing these figures to the national median property tax rate of 0.99%, Huttonsville homeowners generally experience a lower tax burden, making it an appealing area for property ownership.
Average Huttonsville Tax Bill
$290
Average Randolph County Tax Bill
$381
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Huttonsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26273 | $63 | $138 | $290 | $477 | $720 |
Source: Ownwell