Clendenin, West Virginia Property Taxes
The median property tax rate in Clendenin, WV is 0.53%, considerably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Clendenin at $76,600, the typical annual property tax bill reaches $398, which is significantly below the national median of $2,690. Property taxes in Clendenin are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clendenin'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 Clendenin or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clendenin, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$406
Ownwell’s Clendenin Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to easily estimate their annual property taxes in Clendenin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clendenin to project your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed insights, you can scroll down to discover trends at the neighborhood level. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Clendenin, West Virginia
Property taxes in Clendenin, West Virginia, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Clendenin is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within Clendenin set these rates annually, and they can vary across different neighborhoods. Each year, Clendenin 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 Clendenin's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 25045 has the highest median property tax rate of 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these areas compare with Clendenin 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 Clendenin 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 Clendenin, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25045 | 0.31% | 0.47% | 0.53% | 0.53% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Clendenin, West Virginia
In Clendenin, 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 Clendenin, 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 Clendenin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Clendenin is $398 in the 25045 zip code, while the lowest median tax bill is also $398 in the same zip code.
Average Clendenin Assessed Value
$76,600
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 Clendenin, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25045 | $3,310 | $41,350 | $76,600 | $119,400 | $163,100 |
Source: Ownwell
Property Tax Bills Across Clendenin, West Virginia
In Clendenin, Roane County, WV, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, various local tax rates are applied to calculate the annual property tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the specific tax rates set by local government entities. For instance, the median home price in Clendenin is $76,600, and the tax bill can vary significantly. Homeowners at the 25th percentile pay around $202, while those at the 90th percentile could see bills as high as $887. These property taxes fund essential local services such as schools, emergency services, and infrastructure. For homeowners, understanding these factors is crucial as property taxes represent a significant portion of their annual expenses, impacting their overall financial planning and homeownership costs.
Average Clendenin Tax Bill
$398
Average Roane County Tax Bill
$415
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Clendenin, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25045 | $84 | $202 | $398 | $613 | $887 |
Source: Ownwell