Friendly, West Virginia Property Taxes
The median property tax rate in Friendly, WV is 0.72%, which aligns with the state median but remains below the national median of 0.99%. With a median home value of $55,800 in Friendly, the typical annual property tax bill is $443, significantly lower than the national median of $2,690. Property taxes in Friendly are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Friendly'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 Friendly or another part of Pleasants County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Friendly, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$402
Ownwell’s Friendly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Friendly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Friendly 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 Friendly, West Virginia
Property taxes in Friendly, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Friendly is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Friendly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Friendly 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 Friendly's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26146 has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these areas compare with Friendly provides valuable insights into the varying tax landscape across Pleasants County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Friendly Tax Rate
0.72%
Average Pleasants County Tax Rate
0.72%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Friendly, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26146 | 0.38% | 0.71% | 0.71% | 0.80% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Friendly, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Friendly, 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 Pleasants 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 Friendly, 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, the zip code 26146 has both the highest and lowest median tax bills at $443. Being aware of these valuation processes in Friendly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Friendly Assessed Value
$55,800
Average Pleasants County Assessed Value
$82,700
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Friendly, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26146 | $9,400 | $26,300 | $55,800 | $101,900 | $171,600 |
Source: Ownwell
Property Tax Bills Across Friendly, West Virginia
In Friendly, located in Pleasants County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Friendly is $55,800. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $169 and the 75th percentile reaching $868. For those at the higher end, the 90th percentile tax bill is $1,456. Several factors influence these tax bills, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. These elements together determine the final amount homeowners are required to pay. Compared to the national median property tax rate of 0.99%, Friendly's tax rates can be seen as relatively modest. However, the impact on homeowners can still be substantial, particularly for those with higher-valued properties or fewer exemptions. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Friendly Tax Bill
$443
Average Pleasants County Tax Bill
$593
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Friendly, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26146 | $86 | $169 | $443 | $868 | $1,456 |
Source: Ownwell