Davin, West Virginia Property Taxes
The median property tax rate in Davin, WV is 0.75%, slightly higher than the West Virginia state median of 0.72% but lower than the national median of 0.99%. With the median home value in Davin at $45,600, the typical annual property tax bill is $286, which is significantly below the national median of $2,690. Property taxes in Davin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Davin'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 Davin or another part of Logan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Davin, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$342
Ownwell’s DAVIN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DAVIN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DAVIN 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 Davin, West Virginia
Property taxes in Davin, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Davin is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Davin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Davin 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 Davin's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25617 zip code has both the highest and lowest median property tax rate of 0.75%. Understanding how these cities compare with Davin 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 Davin 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 Davin, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25617 | 0.25% | 0.41% | 0.75% | 0.75% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Davin, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Davin, 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 Logan 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 Davin, 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 Davin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Davin is $286 in the 25617 zip code, while the lowest is also $286 in the same zip code.
Average Davin Assessed Value
$45,600
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 Davin, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25617 | $15,270 | $28,275 | $45,600 | $65,325 | $90,790 |
Source: Ownwell
Property Tax Bills Across Davin, West Virginia
In Davin, Logan County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The assessed value is a percentage of the home's market value. Homeowners in Davin can expect their tax bills to vary significantly, with the 25th percentile at $161 and the 75th percentile reaching $489, reflecting the diversity in property values and tax rates within the area. The highest median tax bill recorded is $286, notably in the zip code 25617. Several factors contribute to the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Davin’s property tax rates are relatively moderate. For homeowners, this means that while property taxes are a necessary expense, they are generally manageable and can vary based on the specific characteristics of their property. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Davin Tax Bill
$286
Average Logan County Tax Bill
$306
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Davin, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25617 | $75 | $161 | $286 | $489 | $695 |
Source: Ownwell