Crawford, West Virginia Property Taxes
The median property tax rate in Crawford, WV is 0.53%, 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 $65,550 in Crawford, the typical annual property tax bill is $353, far below the national median of $2,690. Property taxes in Crawford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crawford'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 Crawford 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
Crawford, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$347
Ownwell’s Crawford Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Crawford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crawford 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 Crawford, West Virginia
Property taxes in Crawford, 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 Crawford is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within Crawford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crawford 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 Crawford's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26343 zip code 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 cities compare with Crawford provides valuable insights into the varying tax landscape across Upshur County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crawford Tax Rate
0.53%
Average Upshur County Tax Rate
0.53%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crawford, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26343 | 0.33% | 0.53% | 0.53% | 0.53% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Crawford, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Crawford, West Virginia. 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 local 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 Crawford, 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 Crawford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 26343 has the highest and lowest median tax bill, both at $353, indicating a uniformity in property tax assessments within the area.
Average Crawford Assessed Value
$65,550
Average Upshur County Assessed Value
$85,400
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crawford, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26343 | $12,530 | $33,325 | $65,550 | $118,400 | $169,610 |
Source: Ownwell
Property Tax Bills Across Crawford, West Virginia
In Crawford, located in Upshur County, WV, property tax bills are determined based on the assessed value of a home. The local tax rate is applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $65,550, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. The 25th percentile tax bill is around $205, while the 75th percentile tax bill reaches approximately $677. For those in the 90th percentile, the tax bill can be as high as $954. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Crawford's tax rates offer a relatively affordable option for homeowners. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly, ensuring they are well-prepared for their annual property tax obligations.
Average Crawford Tax Bill
$353
Average Upshur County Tax Bill
$463
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Crawford, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26343 | $104 | $205 | $353 | $677 | $954 |
Source: Ownwell