Hinton, West Virginia Property Taxes
The median property tax rate in Hinton, WV is 0.41%, 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 $59,750 in Hinton, the typical annual property tax bill amounts to $324, which is well below the national median of $2,690. Property taxes in Hinton are calculated based on the assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Hinton's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Hinton or elsewhere in Summers County, gaining insights into the local property tax system will be beneficial.
Last Updated June 14, 2024
Hinton, 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 Hinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hinton 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 Hinton, West Virginia
Property taxes in Hinton, West Virginia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Hinton is 0.41%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Hinton set these rates annually, and they can vary across different neighborhoods. Each year, Hinton 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 Hinton's effective property tax rate to other areas in Summers County and the national median. For comparison, the zip code 25951 has the highest median property tax rate of 0.41%, which is the same as the lowest median tax rate in the same zip code. Understanding how these areas compare with Hinton provides valuable insights into the varying tax landscape across Summers County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hinton Tax Rate
0.41%
Average Summers County Tax Rate
0.41%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hinton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25951 | 0.24% | 0.41% | 0.41% | 0.81% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Hinton, West Virginia
In Hinton, 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 Summers County Assessor 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 Hinton, 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 Hinton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 25951, with a median tax bill of $324, while the lowest median tax bill is also in the same zip code at $324.
Average Hinton Assessed Value
$59,750
Average Summers County Assessed Value
$66,000
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hinton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25951 | $18,900 | $34,000 | $59,750 | $104,075 | $156,410 |
Source: Ownwell
Property Tax Bills Across Hinton, West Virginia
In Hinton, Summers County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the market value of the property. Homeowners in Hinton can expect their property tax bills to vary significantly, with the 25th percentile tax bill being $189 and the 75th percentile reaching up to $534. For those at the 90th percentile, tax bills can go as high as $848. The median home price in Hinton is $59,750, and the property tax rate in the area is relatively low compared to the national median property tax rate of 0.99%. The assessed value and the local tax rate combine to determine the final tax bill, influencing how much homeowners need to budget annually. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, impacting the overall community and quality of life in Hinton.
Average Hinton Tax Bill
$324
Average Summers County Tax Bill
$304
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Hinton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25951 | $92 | $189 | $324 | $534 | $848 |
Source: Ownwell