Given, West Virginia Property Taxes
The median property tax rate in {city_name}, WV is 0.73%, slightly above the state median of 0.72% but below the national median of 0.99%. With a median home value of $109,250, the typical annual property tax bill in {city_name} is $920, which is significantly lower than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding {city_name}'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 {city_name} 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
Given, 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 {city_name} Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in {city_name} with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in {city_name} 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 Given, West Virginia
Property taxes in Given, West Virginia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Given is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Given set these rates annually, and they can vary significantly across different neighborhoods. Each year, Given 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 Given's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25245 has both the highest and lowest median property tax rate of 0.73%. Understanding how these areas compare with Given provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Given Tax Rate
0.73%
Average Putnam County Tax Rate
0.73%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Given, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25245 | 0.56% | 0.73% | 0.73% | 0.73% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Given, West Virginia
In {city_name}, 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 Putnam County Assessor's Office 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 {city_name}, 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 {city_name} helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $920.00 in the 25245 zip code, while the lowest median tax bill is also $920.00 in the same zip code.
Average Given Assessed Value
$109,250
Average Putnam County Assessed Value
$136,400
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Given, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25245 | $22,380 | $48,950 | $109,250 | $161,725 | $236,590 |
Source: Ownwell
Property Tax Bills Across Given, West Virginia
Property tax bills in the city mentioned in Putnam County, WV, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment ratio. This value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and market conditions. Homeowners in this city can expect their tax bills to vary significantly. For instance, the median home price is $109,250, with tax bills ranging from $391 at the 25th percentile to $1,659 at the 90th percentile. The highest median tax bill recorded in the area is $920, which is notably lower than the national median property tax rate of 0.99%. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making it essential for property owners to stay informed about their tax obligations.
Average Given Tax Bill
$920
Average Putnam County Tax Bill
$1,099
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Given, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25245 | $170 | $391 | $920 | $1,193 | $1,659 |
Source: Ownwell