Artie, West Virginia Property Taxes
The median property tax rate in Artie, WV is 0.72%, aligning with the state median but lower than the national median of 0.99%. With a median home value of $22,100 in Artie, the typical annual property tax bill amounts to $151, significantly below the national median of $2,690. Property taxes in Artie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Artie's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Artie or another part of Raleigh County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Artie, 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 Artie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Artie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Artie 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 Artie, West Virginia
Property taxes in Artie, 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 Artie is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Artie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Artie 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 Artie's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 25008 has both the highest and lowest median property tax rate in the county at 0.72%. Understanding how these rates compare with Artie provides valuable insights into the varying tax landscape across Raleigh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Artie Tax Rate
0.72%
Average Raleigh County Tax Rate
0.72%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Artie, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25008 | 0.27% | 0.72% | 0.72% | 0.72% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Artie, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Artie, 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 Raleigh County 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 Artie, 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. For instance, the median home price in Artie is $22,100, with tax bills ranging from $79 at the 25th percentile to $380 at the 90th percentile. Notably, the highest and lowest median tax bills both occur in the 25008 zip code, with a value of $151. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Artie Assessed Value
$22,100
Average Raleigh County Assessed Value
$52,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Artie, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25008 | $3,240 | $9,400 | $22,100 | $37,800 | $57,760 |
Source: Ownwell
Property Tax Bills Across Artie, West Virginia
In Artie, Raleigh County, WV, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate, combined with the assessed value, determines the annual tax bill. For example, with a median home price of $22,100, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $79, while at the 75th percentile, it reaches approximately $263. Those at the 90th percentile may see tax bills as high as $380. These figures are relatively modest compared to the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood developments, and changes in local tax rates can influence the assessed value and, consequently, the tax bill. For homeowners, understanding these factors is crucial as they directly impact annual financial obligations and long-term property investments. By staying informed, homeowners can better manage their budgets and anticipate future tax changes.
Average Artie Tax Bill
$151
Average Raleigh County Tax Bill
$419
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Artie, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25008 | $32 | $79 | $151 | $263 | $380 |
Source: Ownwell