Advent, West Virginia Property Taxes
The median property tax rate in Advent, WV is 0.76%, slightly lower than the national median of 0.99% but higher than the West Virginia state median of 0.72%. With a median home value of $70,000 in Advent, the typical annual property tax bill amounts to $533, which is well below the national median of $2,690. Property taxes in Advent 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 Advent'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 Advent or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Advent, 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 Advent Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Advent with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Advent 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 Advent, West Virginia
Property taxes in Advent, 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 Advent is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Advent set these rates annually, and they can vary significantly across different neighborhoods. Each year, Advent 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 Advent's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 25231 has both the highest and lowest median property tax rate in the county, standing at 0.76%. Understanding how these cities compare with Advent provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Advent Tax Rate
0.76%
Average Jackson County Tax Rate
0.75%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Advent, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25231 | 0.37% | 0.74% | 0.76% | 0.77% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Advent, West Virginia
In Advent, 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 Jackson 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 Advent, 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 Advent helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Advent is $70,000, with property tax bills ranging from $250 at the 25th percentile to $1,349 at the 90th percentile. The highest and lowest median tax bill is $533 in zip code 25231.
Average Advent Assessed Value
$70,000
Average Jackson County Assessed Value
$84,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Advent, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25231 | $22,940 | $40,300 | $70,000 | $113,150 | $170,500 |
Source: Ownwell
Property Tax Bills Across Advent, West Virginia
In Advent, Jackson County, WV, property tax bills are calculated based on the assessed value of the home, which is a percentage of the market value. The median home price in Advent is $70,000. Tax bills can vary significantly, with the 25th percentile tax bill at $250 and the 75th percentile at $866. For those at the 90th percentile, tax bills can reach up to $1,349. These figures highlight the range of property tax burdens homeowners might face in the area. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. The highest and lowest median tax bills in the region both stand at $533, indicating some consistency within specific zip codes. Compared to the national median property tax rate of 0.99%, Advent’s property tax rates can be considered relatively moderate. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Advent Tax Bill
$533
Average Jackson County Tax Bill
$636
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Advent, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25231 | $192 | $250 | $533 | $866 | $1,349 |
Source: Ownwell