Auburn, West Virginia Property Taxes
The median property tax rate in Auburn, WV is 0.65%, which is notably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $64,600 in Auburn, the typical annual property tax bill amounts to $405, significantly below the national median of $2,690. Property taxes in Auburn are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Auburn'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 Auburn or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Auburn, 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 Auburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Auburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburn 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 Auburn, West Virginia
Property taxes in Auburn, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburn is 0.65%, lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Auburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn 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 Auburn's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26325 has both the highest and lowest median property tax rate of 0.65%. Understanding how these cities compare with Auburn provides valuable insights into the varying tax landscape across Ritchie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auburn Tax Rate
0.65%
Average Ritchie County Tax Rate
0.65%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26325 | 0.45% | 0.65% | 0.65% | 0.66% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Auburn, West Virginia
In Auburn, 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 Ritchie County 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 Auburn, 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 Auburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $64,600, with tax bills ranging from $217 at the 25th percentile to $1,031 at the 90th percentile. Notably, the zip code 26325 has both the highest and lowest median tax bill at $405.
Average Auburn Assessed Value
$64,600
Average Ritchie County Assessed Value
$64,450
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auburn, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26325 | $9,550 | $26,600 | $64,600 | $105,375 | $160,600 |
Source: Ownwell
Property Tax Bills Across Auburn, West Virginia
In Auburn, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Auburn is $64,600. Property taxes are calculated by applying the local tax rate to the assessed value of the property. Several factors, including property type, location, and any applicable exemptions, influence the final tax bill. For homeowners in Auburn, the property tax bill can vary significantly. The 25th percentile tax bill is $217, while the 75th percentile reaches $683, and the 90th percentile climbs to $1,031. These variations can impact homeowners' financial planning and budgeting. Compared to the national median property tax rate of 0.99%, Auburn's property taxes can be relatively manageable, but they still represent a significant expense for many residents. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan accordingly.
Average Auburn Tax Bill
$405
Average Ritchie County Tax Bill
$428
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26325 | $105 | $217 | $405 | $683 | $1,031 |
Source: Ownwell