Cedarville, West Virginia Property Taxes
The median property tax rate in Cedarville, WV is 0.47%, which is 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 $75,100 in Cedarville, the typical annual property tax bill amounts to $365, well below the national median of $2,690. Property taxes in Cedarville are based on the tax assessed value, which is often less than the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Cedarville'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 Cedarville or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cedarville, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$353
Ownwell’s Cedarville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedarville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedarville 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 Cedarville, West Virginia
Property taxes in Cedarville, West Virginia, are crucial for funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Cedarville is 0.47%, which is lower than the U.S. national median of 0.99%. Local government entities within Cedarville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedarville 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 Cedarville's effective property tax rate to other areas in Braxton County and the national median. For comparison, the zip code 26611 within Braxton County has the same median property tax rate of 0.47%. Understanding how these areas compare with Cedarville provides valuable insights into the varying tax landscape across Braxton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedarville Tax Rate
0.47%
Average Braxton County Tax Rate
0.46%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedarville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26611 | 0.40% | 0.46% | 0.47% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Cedarville, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cedarville, 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 Braxton 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 Cedarville, 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. The median home price in Cedarville is $75,100, with annual tax bills ranging from $212 at the 25th percentile to $689 at the 90th percentile. The highest and lowest median tax bills are both $365, found in the 26611 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Cedarville, West Virginia
Source: Ownwell
$27,000
$107,550
$188,100
Average Cedarville Assessed Value
$75,100
Average Braxton County Assessed Value
$63,900
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedarville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26611 | $3,040 | $54,400 | $75,100 | $112,400 | $132,420 |
Source: Ownwell
Property Tax Bills Across Cedarville, West Virginia
In Cedarville, located in Braxton County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Cedarville is $75,100. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence these calculations, including local government budgets, school funding requirements, and infrastructure needs. For homeowners, this means that property taxes can vary significantly. For instance, tax bills in Cedarville range from the 25th percentile at $212 to the 75th percentile at $615, with the 90th percentile reaching $689. These figures highlight the variability in tax burdens, which can impact household finances and the overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Cedarville's property tax rate offers a relatively affordable option for residents, making it an attractive location for potential homeowners looking to manage their expenses.
Average Cedarville Tax Bill
$365
Average Braxton County Tax Bill
$333
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedarville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26611 | $71 | $212 | $365 | $615 | $689 |
Source: Ownwell