Logan, West Virginia Property Taxes
The median property tax rate in Logan, 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 $40,600 in Logan, the typical annual property tax bill amounts to $315, which is significantly below the national median of $2,690. Property taxes in Logan 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 Logan's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Logan or another part of the county, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Logan, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$305
Ownwell’s Logan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Logan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Logan 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 Logan, West Virginia
Property taxes in Logan, 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 Logan is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Logan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Logan 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 Logan's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25601 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 Logan 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 Logan 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 Logan, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25601 | 0.26% | 0.58% | 0.75% | 0.90% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Logan, West Virginia
In Logan, 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 local authorities 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 Logan, 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 Logan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Logan is $40,600, with the highest and lowest median tax bills both being $315 in zip code 25601.
Average Logan Assessed Value
$40,600
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 Logan, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25601 | $10,000 | $23,400 | $40,600 | $65,000 | $102,800 |
Source: Ownwell
Property Tax Bills Across Logan, West Virginia
In Logan, WV, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by local assessors. Factors such as property size, location, and improvements can influence this valuation. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For homeowners in Logan, the median home price is $40,600. Property tax bills can vary significantly, with the 25th percentile at $153 and the 75th percentile at $552. The 90th percentile tax bill reaches up to $896. These figures highlight the range of property tax burdens homeowners might face, depending on their home's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, Logan's property tax rate can influence homeowners' financial planning and overall cost of living. Understanding these factors is crucial for homeowners to manage their property tax obligations effectively.
Average Logan Tax Bill
$315
Average Logan County Tax Bill
$306
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Logan, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25601 | $65 | $153 | $315 | $552 | $896 |
Source: Ownwell