Hewett, West Virginia Property Taxes
The median property tax rate in Hewett, WV is 0.63%, which is significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Hewett at $64,300, the typical annual property tax bill is about $329, far below the national median of $2,690. Property taxes in Hewett are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Hewett's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Hewett or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hewett, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$405
Ownwell’s Hewett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hewett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hewett 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 Hewett, West Virginia
Property taxes in Hewett, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hewett is 0.63%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Hewett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hewett 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 Hewett's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 25108 has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these areas compare with Hewett 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 Hewett Tax Rate
0.63%
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 Hewett, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25108 | 0.32% | 0.38% | 0.63% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Hewett, West Virginia
In Hewett, 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 Hewett, 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 Hewett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 25108 has the highest and lowest median tax bill of $329.
Average Hewett Assessed Value
$64,300
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 Hewett, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25108 | $6,740 | $31,450 | $64,300 | $73,700 | $92,820 |
Source: Ownwell
Property Tax Bills Across Hewett, West Virginia
In Hewett, Logan County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Hewett is $64,300. Property taxes are then levied by applying the local tax rate to this assessed value. Various factors, including the property's location, improvements, and market conditions, are considered in determining the assessed value. Homeowners in Hewett can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $165, while the 75th percentile reaches $510. For those at the higher end, the 90th percentile tax bill is approximately $612. The highest median tax bill in the area is $329 in the 25108 zip code, which also represents the lowest median tax bill, indicating a uniform tax rate within this region. Compared to the national median property tax rate of 0.99%, Hewett's property tax rates can be relatively manageable, yet they still impact homeowners by contributing to their overall cost of living.
Average Hewett Tax Bill
$329
Average Logan County Tax Bill
$306
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Hewett, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25108 | $65 | $165 | $329 | $510 | $612 |
Source: Ownwell