Waverly, West Virginia Property Taxes
The median property tax rate in Waverly, WV is 0.71%, which is notably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $135,300 in Waverly, the typical annual property tax bill is around $874, significantly less than the national median of $2,690. Property taxes in Waverly are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Waverly'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 Waverly or another part of Pleasants County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Waverly, 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 Waverly Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waverly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waverly to provide an estimate of 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 Waverly, West Virginia
Property taxes in Waverly, West Virginia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Waverly is 0.71%, lower than the U.S. national median of 0.99%. Local government entities within Waverly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waverly 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 Waverly's effective property tax rate to other areas in West Virginia and the national median. For comparison, the 26184 zip code has both the highest and lowest median property tax rate of 0.71%. Understanding how these areas compare with Waverly 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 Waverly Tax Rate
0.71%
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 Waverly, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26184 | 0.49% | 0.60% | 0.71% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Waverly, West Virginia
In Waverly, 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 Pleasants 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 Waverly, 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 Waverly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Waverly are both recorded at $874.00 in the zip code 26184.
Average Waverly Assessed Value
$135,300
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 Waverly, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26184 | $15,600 | $72,600 | $135,300 | $181,000 | $257,400 |
Source: Ownwell
Property Tax Bills Across Waverly, West Virginia
In Waverly, located in Pleasants County, WV, property tax bills are calculated based on the assessed value of a property. The local tax rate is applied to this assessed value to determine the amount homeowners owe annually. Several factors influence the assessed value, including the property's market value, condition, and any improvements made. Homeowners in Waverly experience a range of tax bills. At the 25th percentile, the tax bill is around $401, while at the 75th percentile, it rises to approximately $1,298. The 90th percentile sees tax bills reaching up to $1,781. The median tax bill in the highest and lowest zip code of the county is $874, reflecting a moderate property tax burden compared to the national median property tax rate of 0.99%. These property taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding how these bills are calculated helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Waverly Tax Bill
$874
Average Pleasants County Tax Bill
$593
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Waverly, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26184 | $131 | $401 | $874 | $1,298 | $1,781 |
Source: Ownwell