Gandeeville, West Virginia Property Taxes
The median property tax rate in Gandeeville, WV is 0.55%, 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 Gandeeville at $87,800, the typical annual property tax bill amounts to $520, which is well below the national median of $2,690. Property taxes in Gandeeville are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Gandeeville'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 Gandeeville or elsewhere in Jackson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gandeeville, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$483
Ownwell's Gandeeville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gandeeville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Gandeeville to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances effectively. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Gandeeville, West Virginia
Property taxes in Gandeeville, 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 Gandeeville is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Gandeeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gandeeville 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 Gandeeville's effective property tax rate to other counties in West Virginia and the national median. For comparison, the area with the highest median property tax rate in Jackson County has a rate of 0.55%, while the area with the lowest median tax rate also has a rate of 0.55%. Understanding how these cities compare with Gandeeville 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 Gandeeville Tax Rate
0.55%
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 Gandeeville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25243 | 0.48% | 0.50% | 0.55% | 0.76% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Gandeeville, West Virginia
In Gandeeville, 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 Assessor's Office 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 Gandeeville, 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. For example, the median home price in Gandeeville is $87,800, with tax bills ranging from $421 at the 25th percentile to $1,013 at the 90th percentile. The highest and lowest median tax bills both occur in the 25243 zip code, each valued at $520. 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 the tax burden.
Property Tax Assessment Values Across Gandeeville, West Virginia
Source: Ownwell
$38,400
$97,150
$155,900
Average Gandeeville Assessed Value
$87,800
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 Gandeeville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25243 | $21,900 | $63,750 | $87,800 | $95,850 | $101,200 |
Source: Ownwell
Property Tax Bills Across Gandeeville, West Virginia
In Gandeebille, Jackson County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Gandeebille is $87,800, and the property tax rate is applied to this assessed value to determine the tax bill. For homeowners in this area, the tax bill varies significantly, with the 25th percentile at $421 and the 75th percentile at $638. At the 90th percentile, the tax bill can reach up to $1,013. These tax bills are influenced by several factors, including the property's assessed value, any applicable exemptions, and the local tax rate. Compared to the national median property tax rate of 0.99%, Gandeebille's property taxes can be relatively moderate, depending on the specific property and its assessed value. Understanding these factors is crucial for homeowners as it directly impacts their annual financial obligations and overall cost of homeownership in this region.
Average Gandeeville Tax Bill
$520
Average Jackson County Tax Bill
$636
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Gandeeville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25243 | $406 | $421 | $520 | $638 | $1,013 |
Source: Ownwell