Amma, West Virginia Property Taxes
The median property tax rate in Amma, WV is 0.53%, 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 Amma at $86,600, the typical annual property tax bill amounts to $415, well below the national median of $2,690. Property taxes in Amma 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 Amma'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 Amma or another part of Roane County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Amma, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$459
Ownwell’s AMMA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in AMMA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in AMMA 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 Amma, West Virginia
Property taxes in Amma, West Virginia, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Amma is 0.53%, which is below the U.S. national median of 0.99%. Local government entities within Amma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amma 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 Amma's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25005 has both the highest and lowest median property tax rate of 0.53%. Understanding how these cities compare with Amma provides valuable insights into the varying tax landscape across Roane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amma Tax Rate
0.53%
Average Roane County Tax Rate
0.53%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amma, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25005 | 0.36% | 0.41% | 0.53% | 0.53% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Amma, West Virginia
In Amma, 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 Roane 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 Amma, 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 Amma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Amma is $86,600, with tax bills ranging from $256 at the 25th percentile to $825 at the 90th percentile. The highest and lowest median tax bill in Roane County is $415 in zip code 25005.
Average Amma Assessed Value
$86,600
Average Roane County Assessed Value
$76,300
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amma, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25005 | $20,760 | $47,900 | $86,600 | $119,800 | $154,460 |
Source: Ownwell
Property Tax Bills Across Amma, West Virginia
In Amma, located in Roane County, WV, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $86,600, homeowners can expect their tax bills to be influenced by this valuation. The tax rate in Roane County is applied to the assessed value to determine the annual tax bill. In Amma, the tax bill varies significantly, with the 25th percentile at $256 and the 75th percentile at $602, showing a wide range in tax responsibilities among homeowners. Factors such as property size, location, and any applicable exemptions can further influence the tax bill. The highest median tax bill in the area is $415, associated with the zip code 25005. This rate is relatively modest compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners in Amma anticipate their property tax obligations and plan their finances accordingly.
Average Amma Tax Bill
$415
Average Roane County Tax Bill
$415
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Amma, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25005 | $124 | $256 | $415 | $602 | $825 |
Source: Ownwell