Keyser, West Virginia Property Taxes
The median property tax rate in Keyser, WV is 0.72%, aligning with the state median but lower than the national median of 0.99%. With a median home value of $83,300, the typical annual property tax bill in Keyser amounts to $650, significantly below the national median of $2,690. Property taxes in Keyser are based on the tax assessed value, which is often lower than the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Keyser'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 Keyser or another part of Mineral County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Keyser, West Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Keyser Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keyser with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keyser 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 Keyser, West Virginia
Property taxes in Keyser, 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 Keyser is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Keyser set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keyser 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 Keyser's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26726 has both the highest and lowest median property tax rate of 0.72%. Understanding how these values compare with Keyser provides valuable insights into the varying tax landscape across Mineral County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keyser Tax Rate
0.72%
Average Mineral County Tax Rate
0.72%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keyser, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26726 | 0.45% | 0.61% | 0.72% | 0.94% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Keyser, West Virginia
In Keyser, 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 Mineral 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 Keyser, 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 Keyser helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price in Keyser is $83,300, with tax bills ranging from $378 at the 25th percentile to $1,433 at the 90th percentile, highlighting the variability in property tax obligations.
Average Keyser Assessed Value
$83,300
Average Mineral County Assessed Value
$84,700
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keyser, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26726 | $19,500 | $51,600 | $83,300 | $123,900 | $175,400 |
Source: Ownwell
Property Tax Bills Across Keyser, West Virginia
In Keyser, Mineral County, WV, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property’s market value and applies an assessment ratio to arrive at the assessed value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Keyser, the median home price is $83,300. With a median property tax rate of 0.78%, which is below the national median of 0.99%, homeowners can expect a relatively lower tax burden. The tax bill for homes in the 25th percentile is $378, while those in the 75th percentile see bills around $1,000. At the 90th percentile, property tax bills can reach up to $1,433. This range in tax bills reflects the variety of property values and the corresponding assessed values within the city, affecting homeowners differently based on their property’s market value.
Average Keyser Tax Bill
$650
Average Mineral County Tax Bill
$634
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Keyser, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26726 | $154 | $378 | $650 | $1,000 | $1,433 |
Source: Ownwell