Delbarton, West Virginia Property Taxes
The median property tax rate in Delbarton, WV is 0.75%, slightly higher than the state median of 0.72% but lower than the national median of 0.99%. With a median home value of $40,100, the typical annual property tax bill in Delbarton amounts to $264, which is considerably less than the national median of $2,690. Property taxes in Delbarton are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Delbarton'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 Delbarton or another part of Logan County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Delbarton, 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 Delbarton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delbarton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delbarton 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 Delbarton, West Virginia
Property taxes in Delbarton, West Virginia, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Delbarton is 0.38%, significantly lower than both the West Virginia state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Delbarton set these rates annually, and they can vary across different neighborhoods. Each year, Delbarton 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 Delbarton's effective property tax rate to other counties in West Virginia and the national median. For comparison, Logan County has the highest median property tax rate of 0.55%, while Delbarton itself maintains the lowest median tax rate of 0.38%. Understanding how these areas compare with Delbarton provides valuable insights into the varying tax landscape across Mingo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Delbarton 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 Delbarton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25670 | 0.25% | 0.34% | 0.75% | 0.75% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Delbarton, West Virginia
In Delbarton, 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 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 Delbarton, 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 Delbarton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 25670 has the highest and lowest median tax bill of $264.
Average Delbarton Assessed Value
$40,100
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 Delbarton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25670 | $20,190 | $32,425 | $40,100 | $53,475 | $62,150 |
Source: Ownwell
Property Tax Bills Across Delbarton, West Virginia
In Delbarton, located in Logan County, WV, 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 Delbarton is $40,100. Local tax authorities then apply the relevant property tax rate to this assessed value to determine the annual tax bill. For instance, the 25th percentile of tax bills in Delbarton is $172, while the 75th percentile is $334, and the 90th percentile reaches $526. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Delbarton can expect their tax bills to be relatively modest compared to the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable, though it also means that local services funded by property taxes may have limited resources. Understanding these factors can help homeowners anticipate their annual financial obligations and plan accordingly.
Average Delbarton Tax Bill
$264
Average Logan County Tax Bill
$306
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Delbarton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25670 | $80 | $172 | $264 | $334 | $526 |
Source: Ownwell