Fisher, West Virginia Property Taxes
The median property tax rate in Fisher, 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 $98,000 in Fisher, the typical annual property tax bill amounts to $446, which is well below the national median of $2,690. Property taxes in Fisher are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Fisher'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 Fisher or another part of Hardy County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fisher, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$451
Ownwell’s Fisher Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fisher with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fisher 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 Hardy County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Fisher, West Virginia
Property taxes in Fisher, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fisher is 0.46%, which is below the U.S. national median of 0.99%. Local government entities within Fisher set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fisher 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 Fisher's effective property tax rate to other areas in Hardy County and the national median. For comparison, the zip code 26818 has both the highest and lowest median property tax rate in Hardy County, standing at 0.46%. Understanding how these areas compare with Fisher provides valuable insights into the varying tax landscape across Hardy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fisher Tax Rate
0.46%
Average Hardy County Tax Rate
0.46%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fisher, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26818 | 0.29% | 0.46% | 0.46% | 0.46% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Fisher, West Virginia
In Fisher, 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 Hardy County Assessor 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 Fisher, 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 Fisher helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $446 in zip code 26818.
Average Fisher Assessed Value
$98,000
Average Hardy County Assessed Value
$93,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fisher, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26818 | $32,900 | $63,650 | $98,000 | $148,750 | $223,200 |
Source: Ownwell
Property Tax Bills Across Fisher, West Virginia
In Fisher, Hardy 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 typically a percentage of the market value of the property. Homeowners in Fisher can expect their tax bills to vary significantly, with the 25th percentile at $266 and the 75th percentile at $687. For those at the higher end, the 90th percentile tax bill reaches $1,033. These tax bills are influenced by factors such as property size, location, and any improvements made to the property. The median home price in Fisher is $98,000, which directly impacts the assessed value and consequently the tax bill. Compared to the national median property tax rate of 0.99%, Fisher’s property tax bills reflect the local economic conditions and public service needs. Understanding these factors can help homeowners anticipate their annual expenses and plan accordingly.
Average Fisher Tax Bill
$446
Average Hardy County Tax Bill
$439
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Fisher, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26818 | $152 | $266 | $446 | $687 | $1,033 |
Source: Ownwell