Beaver, West Virginia Property Taxes
The median property tax rate in Beaver, WV is 0.72%, aligning with the state median but lower than the national median of 0.99%. With the median home value in Beaver at $83,700, the typical annual property tax bill is $603, significantly less than the national median of $2,690. Property taxes in Beaver 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 Beaver'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 Beaver or another part of Raleigh County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beaver, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$603
Ownwell’s Beaver Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Beaver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaver 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 Beaver, West Virginia
Property taxes in Beaver, 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 Beaver is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Beaver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaver 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 Beaver's effective property tax rate to other areas in Raleigh County and the national median. For comparison, the zip code 25813 has both the highest and lowest median property tax rate of 0.72%, reflecting a consistent tax landscape within the region. Understanding how these areas compare with Beaver 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 Beaver 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 Beaver, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25813 | 0.41% | 0.59% | 0.72% | 0.72% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Beaver, West Virginia
In Beaver, 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 Raleigh 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 Beaver, 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. The median home price in Beaver is $83,700, with property tax bills ranging from $276 at the 25th percentile to $1,680 at the 90th percentile. The highest and lowest median tax bills are both $603 in the zip code 25813. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Beaver Assessed Value
$83,700
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 Beaver, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25813 | $9,020 | $37,550 | $83,700 | $165,750 | $234,560 |
Source: Ownwell
Property Tax Bills Across Beaver, West Virginia
In Beaver, located in 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 is then applied to this assessed value to determine the annual property tax bill. For instance, the median home price in Beaver is $83,700. Homeowners can expect to pay a property tax bill that falls within a range, with the 25th percentile at $276 and the 75th percentile at $1172. At the higher end, the 90th percentile tax bill reaches $1680. These tax bills are influenced by factors such as property improvements, neighborhood developments, and changes in the local real estate market. Compared to the national median property tax rate of 0.99%, Beaver's tax rates provide a varied impact on homeowners, depending on their property's assessed value. This system ensures that property taxes are proportionate to the value of the property, affecting homeowners differently based on their individual property assessments.
Average Beaver Tax Bill
$603
Average Raleigh County Tax Bill
$419
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaver, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25813 | $113 | $276 | $603 | $1,172 | $1,680 |
Source: Ownwell