Dunbar, West Virginia Property Taxes
The median property tax rate in Dunbar, WV is 0.98%, just below the national median of 0.99% but significantly higher than the West Virginia state median of 0.72%. With a median home value of $75,800 in Dunbar, the typical annual property tax bill amounts to $763, which is considerably lower than the national median of $2,690. Property taxes in Dunbar are calculated based on the assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Dunbar'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 Dunbar 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
Dunbar, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$743
Ownwell’s Dunbar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dunbar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dunbar 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 Dunbar, West Virginia
Property taxes in Dunbar, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dunbar is 0.98%, slightly lower than the U.S. national median of 0.99%. Local government entities within Dunbar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dunbar 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 Dunbar's effective property tax rate to other areas in Kanawha County and the national median. For comparison, the zip code 25064 has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Dunbar 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 Dunbar Tax Rate
0.98%
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 Dunbar, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25064 | 0.52% | 0.74% | 0.98% | 0.98% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Dunbar, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dunbar, WV. 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 Dunbar, 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. The median home price in Dunbar is $75,800, with tax bills ranging from $487 at the 25th percentile to $1,510 at the 90th percentile. Notably, the highest and lowest median tax bills are both $763 in the 25064 zip code. 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 Dunbar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dunbar Assessed Value
$75,800
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 Dunbar, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25064 | $39,210 | $57,775 | $75,800 | $101,825 | $138,100 |
Source: Ownwell
Property Tax Bills Across Dunbar, West Virginia
In Dunbar, located in Kanawha County, WV, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Dunbar, the median home price is $75,800. Property tax bills can vary significantly, with the 25th percentile tax bill at $487 and the 75th percentile reaching $1,115. At the 90th percentile, homeowners can expect to pay around $1,510. These figures highlight the variation in property tax bills within the area. Compared to the national median property tax rate of 0.99%, Dunbar's property tax rate can be seen as relatively moderate. Understanding these factors is crucial for homeowners as property taxes directly impact annual housing costs, influencing both affordability and long-term financial planning.
Average Dunbar Tax Bill
$763
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Dunbar, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25064 | $274 | $487 | $763 | $1,115 | $1,510 |
Source: Ownwell