Alum Creek, West Virginia Property Taxes
The median property tax rate in Alum Creek, WV is 0.76%, slightly higher than the state median of 0.72% but still below the national median of 0.99%. With a median home value of $54,400 in Alum Creek, the typical annual property tax bill amounts to $448, which is significantly lower than the national median of $2,690. Property taxes in Alum Creek are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Alum Creek'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 Alum Creek or another part of Kanawha County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alum Creek, 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 Alum Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alum Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alum Creek 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 Alum Creek, West Virginia
Property taxes in Alum Creek, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alum Creek is 0.76%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Alum Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alum Creek 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 Alum Creek's effective property tax rate to other counties in West Virginia and the national median. For comparison, the highest median property tax rate in the area is also 0.76%, while the lowest median tax rate is the same at 0.76%. Understanding how these cities compare with Alum Creek provides valuable insights into the varying tax landscape across Kanawha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alum Creek Tax Rate
0.76%
Average Kanawha County Tax Rate
0.76%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alum Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25003 | 0.39% | 0.76% | 0.76% | 0.76% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Alum Creek, West Virginia
In Alum Creek, 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 Kanawha 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 Alum Creek, 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 Alum Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 25003, with a median tax bill of $448.
Property Tax Assessment Values Across Alum Creek, West Virginia
Source: Ownwell
$23,100
$104,350
$185,600
Average Alum Creek Assessed Value
$54,400
Average Kanawha County Assessed Value
$88,100
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alum Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25003 | $9,680 | $24,600 | $54,400 | $94,700 | $208,020 |
Source: Ownwell
Property Tax Bills Across Alum Creek, West Virginia
In Alum Creek, property tax bills are calculated based on the assessed value of the property, which is determined by the Kanawha County Assessor's Office. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $54,400, homeowners can expect their property tax bills to vary significantly. The tax bill in Alum Creek can range from $212 at the 25th percentile to $1,724 at the 90th percentile. These variations depend on factors such as property size, location, and any applicable exemptions. The highest median tax bill in the area is reported at $448, which is relatively lower compared to the national median property tax rate of 0.99%. This system ensures that property taxes are proportionate to the property’s value, impacting homeowners by reflecting their property's worth and any improvements made over time.
Average Alum Creek Tax Bill
$448
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Alum Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25003 | $93 | $212 | $448 | $843 | $1,724 |
Source: Ownwell