Saint Albans, West Virginia Property Taxes
The median property tax rate in Saint Albans, WV is 0.73%, slightly higher than the state median of 0.72% but lower than the national median of 0.99%. With a median home value of $68,650, the typical annual property tax bill in Saint Albans is $597, which is significantly below the national median of $2,690. Property taxes in Saint Albans are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding the property tax system in Saint Albans, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Saint Albans or elsewhere in Putnam County, grasping the local property tax nuances can benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Albans, 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 Saint Albans Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential owner looking to estimate their annual property taxes in Saint Albans. Simply input your property's estimated assessed value, and the calculator will apply the median tax rate in Saint Albans to provide an estimate of your property tax bill. This valuable resource aids in understanding potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county and is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Saint Albans, West Virginia
Property taxes in Saint Albans, 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 Saint Albans is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Albans set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Albans 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 Saint Albans' effective property tax rate to other areas within Putnam County and the national median. For comparison, the zip code 25177 has both the highest and lowest median property tax rate at 0.73%. Understanding how these areas compare with Saint Albans 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 Saint Albans 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 Saint Albans, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25177 | 0.45% | 0.73% | 0.73% | 1.21% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Saint Albans, West Virginia
In Saint Albans, 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 local 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 Saint Albans, 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 Saint Albans helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $68,650, with tax bills ranging from $246 at the 25th percentile to $1,563 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 25177, at $597.
Property Tax Assessment Values Across Saint Albans, West Virginia
Source: Ownwell
$36,950
$113,275
$189,600
Average Saint Albans Assessed Value
$68,650
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 Saint Albans, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25177 | $4,070 | $32,450 | $68,650 | $107,200 | $129,750 |
Source: Ownwell
Property Tax Bills Across Saint Albans, West Virginia
In Saint Albans, located in Putnam County, WV, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The county assesses properties to determine their taxable value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the final tax bill, including the property's location, size, and improvements. For instance, homes in the 25th percentile of tax bills pay around $246 annually, while those in the 75th percentile pay about $960. At the higher end, the 90th percentile of tax bills can reach up to $1563. The median home price in Saint Albans is $68,650, which affects the overall tax burden for homeowners. Compared to the national median property tax rate of 0.99%, Saint Albans homeowners may find their tax rates relatively manageable. However, the exact impact on individual homeowners can vary significantly based on the specific characteristics and assessed value of their property.
Average Saint Albans Tax Bill
$597
Average Putnam County Tax Bill
$1,099
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Albans, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25177 | $124 | $246 | $597 | $960 | $1,563 |
Source: Ownwell