Chelyan, West Virginia Property Taxes
The median property tax rate in Chelyan, WV is 0.76%, slightly higher than the state median of 0.72% but below the national median of 0.99%. With a median home value of $32,200, the typical annual property tax bill in Chelyan is $243, significantly lower than the national median of $2,690. Property taxes in Chelyan are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Chelyan'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 Chelyan or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chelyan, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$245
Ownwell’s Chelyan Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Chelyan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chelyan 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 Chelyan, West Virginia
Property taxes in Chelyan, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chelyan is 0.76%, lower than the U.S. national median of 0.99%. Local government entities within Chelyan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chelyan 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 Chelyan's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25035 zip code has the highest median property tax rate of 0.76%, while the 25035 zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Chelyan 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 Chelyan 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 Chelyan, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25035 | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Chelyan, West Virginia
In Chelyan, 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 Chelyan, 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 Chelyan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Chelyan are both $243, specifically in the 25035 zip code.
Average Chelyan Assessed Value
$32,200
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 Chelyan, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25035 | $32,200 | $32,200 | $32,200 | $32,200 | $32,200 |
Source: Ownwell
Property Tax Bills Across Chelyan, West Virginia
In Chelyan, located in Kanawha County, WV, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by the county assessor. Homeowners in Chelyan typically see a median property tax bill of $243, which is considerably lower than the national median property tax rate of 0.99%. This lower tax bill can be attributed to the relatively modest median home price of $32,200 in the area. Several factors contribute to the determination of the tax bill, including the home's assessed value and the local tax rate set by the county. For homeowners, this means that even with fluctuations in market value, the tax bill remains relatively stable within the region. This affordability in property taxes can be a significant advantage for homeowners, making Chelyan an attractive place for those looking to manage their living costs effectively.
Average Chelyan Tax Bill
$243
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Chelyan, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25035 | $243 | $243 | $243 | $243 | $243 |
Source: Ownwell