Given, West Virginia Property Taxes
The median property tax rate in Point Pleasant, WV is 0.71%, slightly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Point Pleasant at $107,300, the typical annual property tax bill reaches $762, significantly below the national median of $2,690. Property taxes in Point Pleasant 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 Point Pleasant'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 Point Pleasant or another part of Mason County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Given, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$762
Ownwell’s {city_name} Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in {city_name} with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in {city_name} 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 Given, West Virginia
Property taxes in Given, West Virginia, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Given is 0.71%, which is below the U.S. national median of 0.99%. Local government entities within Given set these rates annually, and they can vary significantly across different neighborhoods. Each year, Given 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 Given's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25245 has both the highest and lowest median property tax rate of 0.71%, illustrating a consistent tax landscape within Mason County. Understanding how these areas compare with Given provides valuable insights into the varying tax landscape across Mason County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Given Tax Rate
0.71%
Average Mason County Tax Rate
0.71%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Given, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25245 | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Given, West Virginia
In Given, 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 Mason 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 Given, 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 Given helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 25245, both standing at $762.
Average Given Assessed Value
$107,300
Average Mason County Assessed Value
$68,400
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Given, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25245 | $107,300 | $107,300 | $107,300 | $107,300 | $107,300 |
Source: Ownwell
Property Tax Bills Across Given, West Virginia
In the city mentioned, property tax bills are calculated based on the assessed value of the property and the applicable tax rate set by local authorities. For homeowners in Mason County, WV, the median home price is $107,300. Property assessments consider factors such as the property's market value, location, and any improvements made to the property. The tax rate is applied to the assessed value to determine the annual tax bill. In this region, the tax bill is notably consistent across various percentiles, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $762. This uniformity suggests a stable and predictable tax environment for homeowners. Compared to the national median property tax rate of 0.99%, homeowners in this area experience a relatively moderate tax burden. This stability in property tax bills can provide a sense of financial predictability and security for homeowners, making it easier to budget for annual expenses.
Average Given Tax Bill
$762
Average Mason County Tax Bill
$486
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Given, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25245 | $762 | $762 | $762 | $762 | $762 |
Source: Ownwell