Handley, West Virginia Property Taxes
The median property tax rate in Handley, WV is 0.91%, slightly below the national median of 0.99% but higher than the West Virginia state median of 0.72%. With a median home value of $23,950, the typical annual property tax bill in Handley amounts to $268, significantly lower than the national median of $2,690. Property taxes in Handley are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Handley'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 Handley or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Handley, 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 Handley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Handley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Handley 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 Handley, West Virginia
Property taxes in Handley, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Handley is 0.91%, slightly lower than the U.S. national median of 0.99%. Local government entities within Handley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Handley 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 Handley's effective property tax rate to other areas in West Virginia and the national median. For comparison, the 25102 zip code has the highest median property tax rate of 0.91%, while the lowest median tax rate is also found in the 25102 zip code at 0.91%. Understanding how these areas compare with Handley 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 Handley Tax Rate
0.91%
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 Handley, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25102 | 0.40% | 0.91% | 0.91% | 1.81% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Handley, West Virginia
In Handley, 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'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 Handley, 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. In Handley, the median home price is $23,950, while the tax bill at the 25th percentile is $157, and at the 75th percentile, it is $455. The highest and lowest median tax bills are both $268 in the zip code 25102. 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 Handley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Handley Assessed Value
$23,950
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 Handley, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25102 | $3,290 | $13,525 | $23,950 | $34,800 | $57,270 |
Source: Ownwell
Property Tax Bills Across Handley, West Virginia
In Handley, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Handley is $23,950, and tax rates are applied to this assessed value to determine the tax bill. Factors such as property location, improvements, and market conditions influence the assessed value. Homeowners in Handley typically face a property tax bill ranging from $157 at the 25th percentile to $593 at the 90th percentile, with the highest median tax bill being $268 in the 25102 zip code. Compared to the national median property tax rate of 0.99%, Handley's rates are relatively moderate. This can significantly impact homeowners by affecting their annual financial planning and potentially influencing their decisions on property investments. Lower property tax bills can make homeownership more affordable, while higher bills might necessitate careful budgeting. Understanding these factors helps homeowners anticipate their financial obligations and manage their property-related expenses more effectively.
Average Handley Tax Bill
$268
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Handley, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25102 | $59 | $157 | $268 | $455 | $593 |
Source: Ownwell