Blount, West Virginia Property Taxes
The median property tax rate in Blount, WV is 0.76%, slightly higher than the West Virginia state median of 0.72% but lower than the national median of 0.99%. With a median home value of $67,200 in Blount, the typical annual property tax bill is around $440, which is significantly less than the national median of $2,690. Property taxes in Blount are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Blount'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 Blount 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
Blount, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$511
Ownwell’s Blount Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blount with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blount 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 Blount, West Virginia
Property taxes in Blount, 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 Blount is 0.53%, significantly lower than both the West Virginia state median of 0.57% and the U.S. national median of 0.99%. Local government entities within Blount set these rates annually, and they can vary across different neighborhoods. Each year, Blount 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 Blount's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25025 zip code has both the highest and lowest median property tax rate of 0.53%. Understanding how these areas compare with Blount 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 Blount 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 Blount, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25025 | 0.36% | 0.49% | 0.76% | 0.76% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Blount, West Virginia
In Blount, 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 local 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 Blount, 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 Blount helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 25025 has the highest and lowest median tax bill at $440. By staying informed, homeowners can make more strategic decisions regarding their property taxes.
Average Blount Assessed Value
$67,200
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 Blount, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25025 | $8,560 | $36,250 | $67,200 | $98,950 | $130,280 |
Source: Ownwell
Property Tax Bills Across Blount, West Virginia
In Blount, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the market value of the home. Homeowners in Blount face a median property tax bill of approximately $440, significantly lower than the national median property tax rate of 0.99%. Factors such as the property's location within the county, improvements made to the property, and any applicable exemptions or deductions also play a role in determining the final tax bill. For example, tax bills in Blount range from $312 at the 25th percentile to $986 at the 90th percentile, reflecting variations in property values and applicable exemptions. These tax bills impact homeowners by influencing their overall cost of homeownership and can affect decisions related to property improvements and long-term financial planning. Lower property taxes in Blount can make homeownership more affordable compared to regions with higher tax rates.
Average Blount Tax Bill
$440
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Blount, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25025 | $81 | $312 | $440 | $731 | $986 |
Source: Ownwell