Bickmore, West Virginia Property Taxes
The median property tax rate in Bickmore, WV is 0.42%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Bickmore at $42,650, the typical annual property tax bill is approximately $157, well below the national median of $2,690. Property taxes in Bickmore 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 Bickmore'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 Bickmore 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
Bickmore, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$179
Ownwell’s Bickmore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bickmore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bickmore 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 Bickmore, West Virginia
Property taxes in Bickmore, 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 Bickmore is 0.42%, which is lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Bickmore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bickmore 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 Bickmore's effective property tax rate to other areas in West Virginia and the national median. For comparison, the 25019 zip code has the highest median property tax rate of 0.42%, while the same zip code also has the lowest median tax rate of 0.42%. Understanding how these cities compare with Bickmore provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bickmore Tax Rate
0.42%
Average Clay County Tax Rate
0.42%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bickmore, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25019 | 0.15% | 0.26% | 0.42% | 0.42% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Bickmore, West Virginia
In Bickmore, 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 Bickmore, 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 Bickmore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bickmore is $42,650, with annual tax bills ranging from $90 at the 25th percentile to $433 at the 90th percentile. The zip code with the highest median tax bill of $157 is 25019.
Average Bickmore Assessed Value
$42,650
Average Clay County Assessed Value
$39,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bickmore, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25019 | $8,130 | $19,925 | $42,650 | $66,500 | $96,170 |
Source: Ownwell
Property Tax Bills Across Bickmore, West Virginia
In Bickmore, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $42,650, homeowners can expect varying tax bills depending on their property's specific assessed value and applicable exemptions. Factors such as property location, home improvements, and market conditions can influence the assessed value. In Bickmore, the tax bill at the 25th percentile is around $90, while at the 75th percentile, it rises to approximately $266. At the 90th percentile, homeowners might see tax bills as high as $433. These figures provide a range that highlights how property taxes can impact homeowners differently based on their property's assessed value. Comparatively, Bickmore's median property tax rate offers an affordable option for homeowners, especially when contrasted with the national median property tax rate of 0.99%. This affordability can make homeownership more accessible and manageable in the area.
Average Bickmore Tax Bill
$157
Average Clay County Tax Bill
$172
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Bickmore, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25019 | $46 | $90 | $157 | $266 | $433 |
Source: Ownwell