Kerens, West Virginia Property Taxes
The median property tax rate in Kerens, WV is 0.40%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $105,800 in Kerens, the typical annual property tax bill amounts to $371, which is well below the national median of $2,690. Property taxes in Kerens are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kerens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kerens or another part of Randolph County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kerens, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$423
Ownwell’s Kerens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kerens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kerens 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 Kerens, West Virginia
Property taxes in Kerens, 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 Kerens is 0.40%, significantly lower than the U.S. national median of 0.99%. Local government entities within Kerens set these rates annually, and they can vary across different neighborhoods. Each year, Kerens 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 Kerens' effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 26276 has both the highest and lowest median property tax rate of 0.40%, matching Kerens' rate. Understanding how these areas compare with Kerens 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 Kerens 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 Kerens, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26276 | 0.27% | 0.32% | 0.40% | 0.40% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Kerens, West Virginia
In Kerens, 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 appraisal district 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 Kerens, 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 median home price in Kerens is $105,800, with tax bills ranging from the 25th percentile at $232 to the 75th percentile at $657, and the 90th percentile reaching $940. Zip code 26276 has the highest median tax bill at $371. 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 Kerens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kerens Assessed Value
$105,800
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 Kerens, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26276 | $23,020 | $60,700 | $105,800 | $166,400 | $228,800 |
Source: Ownwell
Property Tax Bills Across Kerens, West Virginia
In Kerens, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Kerens is $105,800, and property taxes are determined by the local tax rate applied to this assessed value. Factors such as the property's location within Randolph County, any applicable exemptions, and improvements made to the property can influence the final tax bill. Homeowners in Kerens can expect their property tax bills to vary significantly. For example, the tax bill at the 25th percentile is around $232, while at the 75th percentile, it rises to approximately $657. Those at the 90th percentile see bills as high as $940. Compared to the national median property tax rate of 0.99%, Kerens offers relatively affordable property taxes, which can be a financial relief for homeowners. Understanding these factors helps residents anticipate their annual tax obligations and manage their budgets more effectively.
Average Kerens Tax Bill
$371
Average Randolph County Tax Bill
$381
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Kerens, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26276 | $108 | $232 | $371 | $657 | $940 |
Source: Ownwell