Holden, West Virginia Property Taxes
The median property tax rate in Holden, WV is 0.75%, slightly above the state median of 0.72% but below the national median of 0.99%. With the median home value in Holden at $40,250, the typical annual property tax bill is $303, significantly lower than the national median of $2,690. Property taxes in Holden 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 Holden'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 Holden 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
Holden, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$302
Ownwell’s Holden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holden 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 Holden, West Virginia
Property taxes in Holden, West Virginia, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holden is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Holden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holden 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 Holden's effective property tax rate to other areas in West Virginia and the national median. For comparison, the 25625 zip code has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these areas compare with Holden 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 Holden 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 Holden, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25625 | 0.26% | 0.75% | 0.75% | 0.75% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Holden, West Virginia
In Holden, 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 Holden, 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 Holden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Logan County is $303 in the 25625 zip code, while the lowest median tax bill is also $303 in the same zip code.
Average Holden Assessed Value
$40,250
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 Holden, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25625 | $9,690 | $24,200 | $40,250 | $58,375 | $115,060 |
Source: Ownwell
Property Tax Bills Across Holden, West Virginia
In Holden, Logan County, WV, property tax bills are calculated based on the assessed value of your home, which is determined by local tax assessors. The assessed value is a percentage of the market value, reflecting what your property would likely sell for in the current market. For instance, with a median home price of $40,250, the tax bill can vary significantly. Homeowners in Holden can expect their property tax bills to range widely. At the 25th percentile, the tax bill is around $141, while at the 75th percentile, it rises to $499. The top 10% of property tax bills can reach up to $963. These figures highlight how the property tax burden can differ based on the value of the property and the specific assessment. Compared to the national median property tax rate of 0.99%, Holden's property tax rates are relatively modest. This can be a significant factor for homeowners when budgeting for annual expenses, potentially making Holden an attractive place to own property.
Average Holden Tax Bill
$303
Average Logan County Tax Bill
$306
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Holden, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25625 | $58 | $141 | $303 | $499 | $963 |
Source: Ownwell