Hartford, West Virginia Property Taxes
The median property tax rate in Hartford, West Virginia is 0.86%, which is lower than the national median of 0.99% but higher than the West Virginia state median of 0.72%. With the median home value in Hartford at $28,600, the typical annual property tax bill is $258, significantly below the national median of $2,690. Property taxes in Hartford are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hartford'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 Hartford or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hartford, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$246
Ownwell’s Hartford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hartford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hartford 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 Hartford, West Virginia
Property taxes in Hartford, West Virginia, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartford is 0.86%, which is below both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Hartford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hartford 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. Understanding how these rates are determined can help homeowners better anticipate their property tax obligations. For comparison, the zip code 25247 has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. This uniformity in tax rates across Hartford provides homeowners with a consistent expectation of their property tax obligations relative to neighboring areas in Mason County.
Average Hartford Tax Rate
0.86%
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 Hartford, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25247 | 0.36% | 0.86% | 0.86% | 0.93% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Hartford, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hartford, West Virginia. 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 Appraisal District 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 Hartford, 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. For instance, Hartford's median home price is $28,600, with the highest median tax bill recorded at $258 in the 25247 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hartford Assessed Value
$28,600
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 Hartford, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25247 | $8,670 | $15,075 | $28,600 | $52,925 | $78,350 |
Source: Ownwell
Property Tax Bills Across Hartford, West Virginia
In Hartford, Mason County, 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 market value of the property, which is determined by the county assessor. Factors such as the size of the property, location, and any improvements made can affect this assessed value. Homeowners in Hartford can expect a wide range of property tax bills. For example, the tax bill at the 25th percentile is $125, while at the 75th percentile, it reaches $483. At the 90th percentile, the tax bill can go up to $745. These variations mean that while some homeowners might find their property taxes manageable, others could face higher financial obligations. The highest median tax bill in the area is $258, which is relatively modest compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their annual property tax expenses and plan accordingly.
Average Hartford Tax Bill
$258
Average Mason County Tax Bill
$486
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartford, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25247 | $71 | $125 | $258 | $483 | $745 |
Source: Ownwell