Arbovale, West Virginia Property Taxes
The median property tax rate in Arbovale, WV is 0.39%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $61,900 in Arbovale, the typical annual property tax bill is $234, which is well below the national median of $2,690. Property taxes in Arbovale are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Arbovale'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 Arbovale or another part of Pocahontas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arbovale, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$241
Ownwell’s Arbovale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arbovale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arbovale 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 Arbovale, West Virginia
Property taxes in Arbovale, 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 Arbovale is 0.39%, which is significantly lower than both the Pocahontas County median and the U.S. national median of 0.99%. Local government entities within Arbovale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arbovale 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 Arbovale's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code with the highest median property tax rate in Pocahontas County has the highest median property tax rate of 0.50%, while the zip code with the lowest median tax rate has the lowest median tax rate of 0.20%. Understanding how these areas compare with Arbovale provides valuable insights into the varying tax landscape across Pocahontas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arbovale Tax Rate
0.39%
Average Pocahontas County Tax Rate
0.39%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arbovale, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24915 | 0.25% | 0.39% | 0.39% | 0.39% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Arbovale, West Virginia
In Arbovale, 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 Pocahontas 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 Arbovale, 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 Arbovale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 24915 has the highest median tax bill at $234.00, while the lowest median tax bill is also in zip code 24915 at $234.00.
Average Arbovale Assessed Value
$61,900
Average Pocahontas County Assessed Value
$74,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arbovale, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24915 | $17,920 | $33,800 | $61,900 | $97,500 | $143,620 |
Source: Ownwell
Property Tax Bills Across Arbovale, West Virginia
Property tax bills in Arbovale, located in Pocahontas County, WV, are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Homeowners in Arbovale can expect a range of property tax bills, with the 25th percentile at $139 and the 75th percentile at $386. For those at the higher end, the 90th percentile tax bill reaches $537. Several factors influence the tax bill, including the property's location, size, and condition. The county's tax rate is applied to the assessed value to determine the final bill. With a median home price of $61,900, homeowners in Arbovale face relatively low property taxes compared to the national median property tax rate of 0.99%. This lower tax burden can be beneficial for homeowners, making it more affordable to maintain property ownership in the area.
Average Arbovale Tax Bill
$234
Average Pocahontas County Tax Bill
$346
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Arbovale, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24915 | $71 | $139 | $234 | $386 | $537 |
Source: Ownwell