Blair, West Virginia Property Taxes
The median property tax rate in Blair, WV is 0.75%, which is lower than the national median of 0.99% but slightly higher than the West Virginia state median of 0.72%. With a median home value of $37,050 in Blair, the typical annual property tax bill is $255, significantly below the national median of $2,690. Property taxes in Blair are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Blair'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 Blair or another part of Logan County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blair, 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 Blair Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blair with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blair 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 Blair, West Virginia
Property taxes in Blair, 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 Blair is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Blair set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blair 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 Blair's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25022 zip code has both the highest and lowest median property tax rate of 0.75%. Understanding how these areas compare with Blair provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blair Tax Rate
0.75%
Average Logan County Tax Rate
0.75%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blair, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25022 | 0.20% | 0.42% | 0.75% | 0.75% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Blair, West Virginia
In Blair, 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 Logan 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 Blair, 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 Blair is $37,050, with tax bills ranging from $119 at the 25th percentile to $600 at the 90th percentile. The zip code with the highest median tax bill is 25022, with a median tax bill of $255. 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 Blair helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blair Assessed Value
$37,050
Average Logan County Assessed Value
$40,900
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blair, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25022 | $8,100 | $19,775 | $37,050 | $48,025 | $69,290 |
Source: Ownwell
Property Tax Bills Across Blair, West Virginia
In Blair, Logan County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Blair is $37,050, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $119, while the 75th percentile reaches $379, and the 90th percentile can be as high as $600. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance, directly impacting homeowners. Compared to the national median property tax rate of 0.99%, Blair offers a relatively low tax burden, making it an attractive location for homeowners looking for affordability. However, the variability in tax bills means that homeowners should be aware of their specific assessed values and how local tax rates apply to ensure they are prepared for their annual tax obligations.
Average Blair Tax Bill
$255
Average Logan County Tax Bill
$306
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Blair, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25022 | $57 | $119 | $255 | $379 | $600 |
Source: Ownwell