Heaters, West Virginia Property Taxes
The median property tax rate in Heaters, WV is 0.46%, 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 $84,750, the typical annual property tax bill in Heaters is $436, which is well below the national median of $2,690. Property taxes in Heaters are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Heaters' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Heaters or another part of Braxton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Heaters, 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 Heaters Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Heaters with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Heaters 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 Heaters, West Virginia
Property taxes in Heaters, 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 Heaters is 0.46%, significantly lower than the U.S. national median of 0.99%. Local government entities within Heaters set these rates annually, and they can vary across different neighborhoods. Each year, Heaters 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 Heaters' effective property tax rate to other areas in West Virginia and the national median. For comparison, 26627 in Braxton County has the same median property tax rate of 0.46%. Understanding how these areas compare with Heaters 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 Heaters Tax Rate
0.46%
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 Heaters, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26627 | 0.30% | 0.41% | 0.46% | 0.47% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Heaters, West Virginia
In Heaters, 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 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 Heaters, 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 Heaters helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Heaters is $84,750. The zip code with the highest and lowest median tax bill is 26627, with a tax bill of $436. The 25th percentile tax bill is $248, while the 75th percentile tax bill is $692, and the 90th percentile tax bill is $985.
Average Heaters Assessed Value
$84,750
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 Heaters, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26627 | $15,720 | $41,925 | $84,750 | $139,800 | $202,120 |
Source: Ownwell
Property Tax Bills Across Heaters, West Virginia
In Heaters, Braxton County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Heaters can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $248, whereas the 75th percentile tax bill is approximately $692, and the 90th percentile tax bill reaches up to $985. These tax bills are influenced by various factors, including the property's location, size, and condition. Compared to the national median property tax rate of 0.99%, Braxton County's rate is relatively modest, making it more affordable for homeowners. However, the tax burden can still impact household budgets, especially for those with properties at the higher end of the tax spectrum. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Heaters Tax Bill
$436
Average Braxton County Tax Bill
$333
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Heaters, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26627 | $144 | $248 | $436 | $692 | $985 |
Source: Ownwell