Duck, West Virginia Property Taxes
The median property tax rate in Duck, WV is 0.42%, 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 $47,000 in Duck, the typical annual property tax bill is $179, which is well below the national median of $2,690. Property taxes in Duck are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Duck'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 Duck or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Duck, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$197
Ownwell’s Duck Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Duck with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Duck 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 Duck, West Virginia
Property taxes in Duck, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Duck is 0.42%, significantly lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Duck set these rates annually, and they can vary significantly across different neighborhoods. Each year, Duck 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 Duck's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25063 zip code has the highest median property tax rate of 0.42%, while the 25063 zip code also has the lowest median tax rate of 0.42%. Understanding how these cities compare with Duck 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 Duck 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 Duck, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25063 | 0.16% | 0.27% | 0.42% | 0.42% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Duck, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Duck, 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 Clay 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 Duck, 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 Duck is $47,000, with tax bills ranging from $90 at the 25th percentile to $459 at the 90th percentile. Notably, the highest and lowest median tax bills are both $179 in the 25063 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 their tax burden.
Average Duck Assessed Value
$47,000
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 Duck, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25063 | $9,420 | $24,000 | $47,000 | $76,800 | $105,940 |
Source: Ownwell
Property Tax Bills Across Duck, West Virginia
In Duck, located in Clay County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value. For homeowners, factors such as the median home price, which is $47,000, play a significant role in determining their tax obligations. Tax bills can vary significantly, with the 25th percentile bill being $90 and the 75th percentile reaching $312. At the 90th percentile, homeowners can expect a tax bill of around $459. These figures highlight the range of property tax burdens within the area, influenced by property values and the local tax rate. Compared to the national median property tax rate of 0.99%, Duck's tax rates can be seen as relatively moderate, making it a potentially more affordable location for homeowners. Understanding these factors helps homeowners anticipate their annual tax liabilities and plan their finances accordingly.
Average Duck Tax Bill
$179
Average Clay County Tax Bill
$172
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Duck, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25063 | $50 | $90 | $179 | $312 | $459 |
Source: Ownwell